Lee Jae-myung "Agrees to Abolish Financial Investment Tax"... KOSDAQ Surges to Recover 740 Level

The KOSDAQ index recovered to the 740 level, rising nearly 2%, following news that Lee Jae-myung, leader of the Democratic Party of Korea, agreed to abolish the financial investment income tax (금투세).

As of 9:51 a.m. on the 4th, the KOSDAQ stood at 742.98, up 13.93 points (1.91%) compared to the previous trading day.

On this day, the KOSDAQ showed a slight upward trend after the market opened. In particular, the index quickly expanded its gains as Lee Jae-myung agreed to abolish the financial investment income tax.

By investor type, foreigners and institutions were net buyers of 70.9 billion KRW and 30.5 billion KRW, respectively. Conversely, individuals were net sellers of 98.7 billion KRW.

By sector, the entertainment and culture sector rose 4.33%, and general electrical and electronics increased by more than 3%, with most sectors showing gains.

Among the top market capitalization stocks, Alteogen traded at 373,500 KRW, up 17,000 KRW (4.77%) from the previous trading day. Additionally, EcoPro BM surged 10.31%, while EcoPro, HLB, Ligachem Bio, Enchem, and Hugel all rose more than 2%.

At the same time, the KOSPI index recorded 2,563.01, up 20.65 points (0.81%) from the previous trading day.

By investor type, foreigners and institutions were net sellers of 47.8 billion KRW and 100 million KRW, respectively. Individuals were net buyers of 49.1 billion KRW.

By sector, electrical and electronics rose 1.69%, while steel and metals, manufacturing, chemicals, and services sectors increased by more than 1%. Conversely, machinery, telecommunications, construction, and securities sectors showed slight declines.

Among the top market capitalization stocks, Samsung Electronics traded at 59,100 KRW, up 800 KRW (1.37%) from the previous trading day. NAVER rose 3.06%, and SK Hynix, Hyundai Motor, Kia, and POSCO Holdings all increased by more than 2%. Meanwhile, KB Financial Group and Hyundai Mobis fell more than 1%.