The KOSPI and KOSDAQ started higher on the 28th. This is attributed to the calming of regional bank risk concerns following the news of the sale of the U.S. Silicon Valley Bank (SVB), leading the U.S. stock market to close flat. Domestic bank stocks are also rising collectively from the early session.
As of 9:05 a.m., the KOSPI is trading at 2417.71, up 0.35% (8.49 points) from the previous day. The KOSPI opened at 2418.69, up 0.39% (9.47 points) on the day.
Individuals and institutions are driving the index. Individuals and institutions are net buying 21.4 billion KRW and 5.2 billion KRW, respectively. Meanwhile, foreigners are net selling 27.2 billion KRW. The futures market shows the opposite trend. Individuals and foreigners are selling 68.7 billion KRW and 74.4 billion KRW, respectively. Foreign institutions alone are buying 140.5 billion KRW.
The top 10 stocks by market capitalization are generally on the rise. POSCO Holdings (+1.20%) has the highest increase rate. On the other hand, Samsung SDI is down 0.28%, LG Chem down 0.43%, and NAVER down 0.55%.
At the same time, the KOSDAQ is trading at 828.26, up 0.07% (0.57 points). The KOSDAQ opened at 831.07, up 0.41% (3.38 points) on the day.
Similar to the KOSPI, individuals and institutions are leading the gains. Individuals and institutions are net buying 65.2 billion KRW and 4.5 billion KRW, respectively. Meanwhile, foreigners alone are net selling 63.2 billion KRW.
Looking at the top 10 stocks by market capitalization, the battery sector is declining. Ecopro BM is down 2.21%, Ecopro down 4.67%, L&F down 0.51%, and Osstem Implant down 0.05%. The rest are slightly rising, with Celltrion Pharm up 2.73%.
Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate started at 1297.0 won, down 4.5 won.
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