As the U.S. stock market rose on easing concerns over bank liquidity, the domestic stock market also showed an upward trend.
At 9:16 a.m. on the 17th, the KOSPI was at 2394.06, up 0.68% (16.15 points) from the previous trading day. The KOSPI showed strong gains earlier in the day, rising 1.08% (25.79 points) to 2403.70 compared to the previous day, but the increase narrowed somewhat as foreign investors continued net selling. Looking at investor trends, foreigners and individuals sold stocks worth 39.4 billion KRW and 3.6 billion KRW respectively, while institutions alone bought stocks worth 36 billion KRW.
Han Ji-young, a researcher at Kiwoom Securities, said, "The U.S. stock market rose influenced by measures to address the banking sector crisis," adding, "It is important to note that the Nasdaq-led rebound occurred due to relief from the burden of rapid interest rate hikes."
Among the top market capitalization stocks, Samsung Electronics (1.84%), SK Hynix (4.3%), Samsung Biologics (1.27%), Hyundai Motor (1.03%), NAVER (1.98%), Kia (1.39%), POSCO Holdings (1.24%), and Kakao (1.5%) rose. On the other hand, secondary battery-related stocks such as LG Energy Solution (-1.04%), LG Chem (-0.82%), and Samsung SDI (-0.95%) declined.
At the same time, the KOSDAQ index was at 788.85, up 0.88% (6.87 points) from the previous trading day. The index opened the day at 791.18, up 1.18% (9.20 points) from the previous day. Looking at investor trends, individuals and institutions bought stocks worth 7.8 billion KRW and 21.6 billion KRW respectively, while foreigners alone sold stocks worth 26.2 billion KRW.
Among the top market capitalization stocks, secondary battery material stocks such as EcoPro BM (-4.86%), EcoPro (-5.37%), and L&F (-1.43%) showed a downward trend. On the other hand, Celltrion Healthcare (1.49%), HLB (1.77%), Kakao Games (2.17%), Celltrion Pharm (3.86%), and Pearl Abyss (2.08%) rose.
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