The KOSPI index is on the rise due to buying pressure from individuals and foreigners.
As of 9:17 a.m. on the 2nd, the KOSPI index was trading at 2,587.23, up 18.06 points (0.70%) from the previous trading day. Individuals and foreigners purchased approximately 25 billion KRW and 39 billion KRW respectively, while institutions net sold about 53.6 billion KRW.
Among the top market capitalization stocks, SK Hynix and Samsung Electronics rose 1.63% and 1.41%, respectively. They were followed by LG Chem (1.02%) and LG Energy Solution (0.86%). NAVER remained flat.
By sector, medical precision (1.15%), electrical and electronics (1.14%), securities (0.98%), and machinery (0.85%) showed strength. Transportation and warehousing (-0.19%), textiles and apparel (-0.15%), and service industries (-0.13%) declined.
On the 1st (local time), the U.S. stock market rose after news that the debt ceiling agreement passed the House of Representatives. The Dow Jones Industrial Average closed at 33,061.57, up 153.30 points (0.47%) from the previous session. The large-cap S&P 500 index ended at 4,221.02, up 41.19 points (0.99%). The tech-heavy Nasdaq index closed at 13,100.98, up 165.70 points (1.28%).
At the same time, the KOSDAQ index also rose, recording 866.72, up 2.94 points (0.34%) from the previous trading day. Individuals net bought about 59.2 billion KRW, while foreigners and institutions sold approximately 49.5 billion KRW and 4.2 billion KRW, respectively.
Among the top market capitalization stocks, EcoPro BM (0.60%) and L&F (0.56%) rose. JYP Ent. (-1.96%), Pearl Abyss (-0.61%), and Celltrion Pharm (-0.46%) declined, while EcoPro remained flat.
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