Korean Stock Market Opens Higher... KOSPI Surpasses 3,120 Mark

Foreign and Institutional Investors Lead Net Buying in KOSPI
Large-cap and Financial Stocks Drive Index Above 3,100
U.S. Market Rally Supports Upward Momentum

The KOSPI index opened higher on July 1 and is trading around the 3,120 level during the session. This marks the first time in four trading days that the KOSPI has surpassed the 3,100 mark since June 25.

Dealers are working in the dealing room of Hana Bank in Jung-gu, Seoul.

As of 9:21 a.m. on this day, the KOSPI was trading at 3,121.80, up 50.10 points (1.64%) from the previous day. The index started the session at 3,089.64, up 17.94 points (0.58%), and extended its gains to break through the 3,100-point level for the first time since June 25. Currently, foreign investors have a net purchase of 111.4 billion won, and institutions have a net purchase of 183.1 billion won. Individual investors are net sellers, with a net sale of 285.3 billion won.

Among large-cap stocks, Hana Financial Group (4.52%), Samsung Life Insurance (3.45%), Samsung C&T (3.41%), Shinhan Financial Group (2.77%), Kakao (2.17%), Samsung Electronics (1.84%), Kia (1.75%), Hyundai Mobis (1.74%), Hanwha Aerospace (1.53%), Hyundai Motor (1.47%), Samsung Electronics Preferred (1.41%), and KB Financial Group (1.26%) are all rising. In contrast, HD Hyundai Heavy Industries (-0.82%) and LG Energy Solution (-0.34%) are declining.

By sector, insurance (3.93%), construction (3.88%), securities (3.38%), finance (3.22%), general services (1.96%), and distribution (1.92%) are showing strength. On the other hand, electric and gas (-2.27%) and entertainment and culture (-0.06%) sectors are weak.

The upward trend in the U.S. New York stock market also had an impact. Investors anticipated progress in trade negotiations between the United States and major trading partners before the expiration of the mutual tariff suspension scheduled for July 8. On June 30 (local time), the Dow Jones Industrial Average, which is focused on blue-chip stocks, closed at 44,094.77, up 275.5 points (0.63%) from the previous session. The S&P 500, which tracks large-cap stocks, rose 31.88 points (0.52%) to 6,204.95, while the tech-heavy Nasdaq climbed 96.27 points (0.47%) to 20,369.73. Both the S&P 500 and Nasdaq set new all-time highs for the second consecutive day.

At the same time, the KOSDAQ index was also up 4.13 points (0.53%) from the previous session, reaching 785.63. The index opened at 783.65, up 2.15 points (0.28%). Institutions bought 8.6 billion won, and individual investors purchased 18.1 billion won. Foreign investors are net sellers, with a net sale of 25.8 billion won.

Among the top KOSDAQ market cap stocks, Peptron (3.08%), Kolon TissueGene (2.07%), PharmaResearch (1.93%), HPSP (1.62%), Pearl Abyss (1.18%), and Alteogen (1.08%) are gaining. In contrast, Silicon Two (-3.24%), GemVax (-2.93%), ABL Bio (-1.04%), and LIG ChemBio (-0.96%) are declining.