The KOSPI index is on the rise on the morning of the 19th due to buying pressure from foreigners and institutions.
As of 10:07 AM, the KOSPI was trading at 2,636.54, up 24.20 points (0.93%) from the previous day. The index opened at 2,613.48, up 1.14 points (0.04%). Currently, foreigners are buying stocks worth 128.4 billion KRW, and institutions are purchasing 170.6 billion KRW worth. Individuals are selling stocks worth 306.4 billion KRW.
Among the top market capitalization stocks, POSCO Holdings (2.95%), Samsung Electronics (2.08%), Hyundai Mobis (2.08%), SK Hynix (1.97%), LG Energy Solution (1.85%), Shinhan Financial Group (1.72%), Samsung Electronics Preferred (1.57%), and Hyundai Motor (1.37%) are rising. On the other hand, HD Hyundai Heavy Industries (-1.74%), Hanwha Aerospace (-1.70%), Kakao (-1.08%), and Hanwha Ocean (-0.98%) are declining.
On the 19th, the KOSPI index and others were displayed on the status board at the Korea Exchange in Yeouido, Yeongdeungpo-gu, Seoul. On that day, the KOSPI index opened at 2,613.48, up 1.14 points (0.04%) from the previous trading day, while the KOSDAQ opened at 743.21, down 2.33 points (0.31%). Yonhap News
By sector, Food & Beverage and Tobacco (2.82%), Electrical & Electronics (1.70%), Entertainment & Culture (1.64%), Telecommunications (1.45%), Chemicals (1.40%), Medical Precision Instruments (1.36%), Machinery & Equipment (1.26%), Insurance (1.16%), and Manufacturing (1.08%) are all rising.
On the 18th (local time), the U.S. New York stock market closed lower across the board. The Dow Jones Industrial Average, centered on blue-chip stocks, fell 260.32 points (0.62%) to close at 41,581.31. The S&P 500, focused on large-cap stocks, dropped 60.45 points (1.06%) to 5,614.66, and the tech-heavy Nasdaq fell 304.54 points (1.71%) to close at 17,504.12.
With the U.S. Federal Reserve entering the Federal Open Market Committee (FOMC) schedule, investors showed caution while awaiting the interest rate decision and the release of the dot plot. Large tech stocks, including U.S. electric vehicle maker Tesla, were particularly weak.
At the same time, the KOSDAQ index fell 3.02 points (0.41%) to 742.52, pressured by foreign selling of growth stocks such as those in the biotech sector. The index opened down 2.33 points (0.31%) at 743.21. Foreigners were net sellers of 107.5 billion KRW, and institutions also sold 5.4 billion KRW. Individuals were net buyers of 118.9 billion KRW.
Among the top market capitalization stocks, SM Entertainment (6.62%), LignoTech (1.41%), EcoPro BM (1.35%), and HPSP (0.90%) are rising. Conversely, Rainbow Robotics (-5.25%), HLB (-4.43%), Alteogen (-3.27%), Voronoi (-2.48%), Samchundang Pharm (-2.17%), Peptron (-2.19%), PharmaResearch (-1.52%), and Classys (-1.49%) are declining.
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