Domestic Stock Market Starts Upward... KOSPI Recovers to 2480 Level

The KOSPI maintained its upward trend after starting higher on the 20th, recovering the 2480 level during the morning session.

As of 10:45 AM, the KOSPI was trading at 2481.25, up 9.30 points (0.38%) from the previous day. The index opened at 2475.76, up 3.81 points (0.15%), and has continued its upward momentum. Currently, foreigners are net selling 78.3 billion KRW, and institutions are net selling 19.3 billion KRW. Individuals are buying alone with 72.8 billion KRW.

Among the top market capitalization stocks, KB Financial Group (3.93%), Kia (2.94%), Shinhan Financial Group (2.42%), POSCO Holdings (2.23%), LG Energy Solution (1.78%), LG Chem (1.39%), and HD Hyundai Heavy Industries (1.78%) are rising. Samsung Electronics (-2.31%), Samsung Electronics Preferred (-1.35%), Celltrion (-0.87%), and Korea Zinc (-0.70%) are declining.

Employees are working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Heo Young-han

By sector, food and beverages (2.96%), telecommunications (1.74%), finance (1.31%), insurance (0.98%), and transportation equipment (0.90%) are rising. On the other hand, electricity and gas (-0.93%), construction (-0.84%), machinery (-0.51%), and electrical and electronics (-0.49%) sectors are declining.

On the 19th (local time) in the New York stock market, the blue-chip-focused Dow Jones Industrial Average closed down 120.66 points (0.28%) at 43,268.94. The large-cap S&P 500 index rose 23.36 points (0.4%) to 5,916.98, and the tech-heavy Nasdaq index closed up 195.66 points (1.04%) at 18,987.47.

At the same time, the KOSDAQ index recorded 688.57, up 2.45 points (0.36%) from the previous session. The index opened at 689.03, up 2.91 points (0.42%). Foreigners and institutions net sold 95.5 billion KRW and 52.2 billion KRW, respectively. Individuals bought 144.7 billion KRW.

Among the top market capitalization stocks, Classys (4.11%), Hugel (3.11%), EcoPro (2.77%), PharmaResearch (2.60%), Alteogen (2.53%), and Samchundang Pharmaceutical (2.23%) are rising. Meanwhile, Peptron (-7.46%), Lunit (-2.48%), ST Pharm (-1.86%), and SM Entertainment (-1.12%) are declining.