The KOSDAQ index extended its gains following the Democratic Party of Korea's agreement to abolish the financial investment income tax (금투세), recovering the 750 level.
Lee Jae-myung, leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 4th. Photo by Kim Hyun-min
As of 2:28 PM on the 4th, the KOSDAQ stood at 754.52, up 25.47 points (3.49%) compared to the previous trading day.
On this day, the KOSDAQ opened 0.20% higher than the previous trading day. Although it initially turned downward in the early session, it reversed to an upward trend after Representative Lee announced, "We have agreed to the government's and ruling party's push to abolish the financial investment income tax," thereby expanding its gains.
By investor type, foreigners and institutions were net buyers of 304 billion KRW and 174.7 billion KRW, respectively. Conversely, individual investors were net sellers of 481.3 billion KRW.
Most sectors are rising. The entertainment and culture sector is up 6.20%, and other services are also rising by 5.39%. Additionally, pharmaceuticals jumped 4.66%, while chemicals and general electric and electronics sectors are up more than 3%.
Among the top market capitalization stocks, Alteogen traded at 388,500 KRW, up 32,000 KRW (8.98%) from the previous trading day. Additionally, Rigacombio and Silicon투 are up more than 9%. EcoPro BM, EcoPro, and Hugel are also rising about 7%, with all top market cap stocks showing upward momentum.
The KOSPI index recorded 2,578.06, up 35.70 points (1.40%) compared to the previous trading day.
By investor type, foreigners and institutions were net buyers of 20.4 billion KRW and 208.6 billion KRW, respectively. Meanwhile, individual investors were net sellers of 241.9 billion KRW.
By sector, steel and metals and food and beverages are rising more than 3%. Pharmaceuticals, transportation and warehousing, and electric and electronics sectors are up more than 2%. Additionally, services, manufacturing, and textiles and apparel sectors are up more than 1%. Conversely, telecommunications are slightly down.
Among the top market capitalization stocks, Samsung Electronics traded at 58,500 KRW, up 200 KRW (0.34%) from the previous trading day. SK Hynix rose 5.54%, and NAVER jumped 3.06%. LG Energy Solution, Celltrion, Kia, and POSCO Holdings are all up more than 2%. On the other hand, KB Financial is down 1.31%.
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