The KOSPI index is showing an upward trend as foreigners and institutions recorded net buying dominance.
As of 9:21 a.m. on the 28th, the KOSPI index was trading at 2420.19, up 17.55 points (0.73%) from the previous trading day. The index opened at 2417.58, up 14.94 points (0.62%), and slightly increased its gains. Individuals sold a net amount worth approximately 22.1 billion KRW, while foreigners and institutions bought net amounts of about 11.4 billion KRW and 15.3 billion KRW, respectively.
Most of the top market capitalization stocks showed gains. LG Energy Solution rose more than 2%. Following were Hyundai Motor (1.73%), Samsung SDI (1.62%), LG Chem (1.52%), Naver (0.96%), Samsung Electronics (0.66%), Kia (0.53%), Samsung Biologics (0.52%), SK Hynix (0.22%), and Kakao (0.16%).
By sector, transportation equipment (0.97%), electrical and electronics (0.90%), textiles and apparel (0.87%), chemicals (0.78%), and paper and wood (0.77%) showed strength. Conversely, medical precision (-0.52%), steel and metals (-0.03%), and insurance (-0.01%) were weak.
The U.S. stock market closed higher as a rebound buying wave entered following an excessive drop. On the 27th (local time), the Dow Jones Industrial Average rose 72.17 points (0.22%) to close at 32,889.09, the large-cap S&P 500 index increased 12.20 points (0.31%) to 3,982.24, and the tech-heavy Nasdaq index finished up 72.04 points (0.63%) at 11,466.98.
Despite a decline in durable goods orders, investors engaged in rebound buying. The U.S. Department of Commerce reported that durable goods orders in January fell 4.5% month-over-month to $272.3 billion, worse than the expert forecast of a 3.6% decrease. However, excluding transportation equipment, January durable goods orders rose 0.7%, improving from a 0.4% decline in the previous month. The decrease in January durable goods orders was influenced by a sharp drop in Boeing's commercial aircraft orders after a significant increase last month. Durable goods orders are a leading indicator of manufacturing trends and are linked to factory operating rates, corporate capital investment, and employment, reflecting the real economy.
At the same time, the KOSDAQ index also showed an upward trend, recording 784.05, up 3.75 points (0.48%) from the previous day. Individuals bought net amounts worth approximately 103.9 billion KRW, while foreigners and institutions sold net amounts of about 85.6 billion KRW and 15.9 billion KRW, respectively.
Among the top market capitalization stocks, L&F (2.08%), JYP Ent. (1.71%), Celltrion Healthcare (0.74%), and Kakao Games (0.43%) rose. Conversely, EcoPro BM (-0.72%), SM (-0.67%), and HLB (-0.15%) declined.
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