KOSPI Recovers to 2600 Level on Buying by Individuals and Institutions

On the 23rd, the KOSPI recovered the 2600 level during the session.

Due to the impact of the US stock market reaching all-time highs in the Dow and S&P 500 within a day, the KOSPI index opened at 2,603.83, up 23.03 points (0.89%) from the previous trading day, and the won/dollar exchange rate started at 1,327.6 won, down 1.4 won. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul on the 20th. Photo by Jo Yongjun jun21@

As of 9:31 a.m. that day, the KOSPI index was at 2601.39, up 8.02 points (0.31%) from the previous trading day.

On that day, the KOSPI index opened at 2596.47, up 3.10 points (0.12%) from the previous trading day, then widened its gains and surpassed the 2600 level.

Individuals and institutions are net buying 183.1 billion KRW and 64.8 billion KRW respectively, while foreigners are net selling 258.1 billion KRW.

Most of the top market capitalization stocks are on the rise. SK Hynix is up 1.97%, and Samsung Electronics is also up 0.16%. LG Energy Solution (1.65%), Samsung Biologics (1.79%), Celltrion (2.73%), KG Financial (0.12%), POSCO Holdings (1.73%), and Shinhan Financial Group (0.18%) are also rising.

Only Hyundai Motor (-0.60%) and Kia (-0.76%) are falling.

At the same time, the KOSDAQ index is at 751.56, up 3.48 points (0.47%). Individuals are buying 73.5 billion KRW, while foreigners and institutions are selling 27.4 billion KRW and 36.0 billion KRW respectively.