On December 5, the KOSPI reclaimed the 4,100 mark, buoyed by simultaneous buying from foreign investors and institutions.
On December 5, the KOSPI closed at 4,100.05, up 71.54 points (1.78%) from the previous day. The index initially opened at 4,023.50, down 5.01 points (0.12%) from the previous session, but reversed course and climbed as buying by foreign investors and institutions intensified.
While individual investors sold a total of 2.1153 trillion won, foreign investors and institutions purchased 999.8 billion won and 1.1535 trillion won, respectively, driving the index upward. In the KOSPI 200 futures market, foreign investors were net buyers of 1.0425 trillion won, while individuals and institutions were net sellers of 95.2 billion won and 916.2 billion won, respectively.
Most of the top KOSPI market capitalization stocks ended higher. Hyundai Motor surged more than 11% to hit an all-time high, while Hanwha Aerospace (4.68%), LG Energy Solution (3.90%), Samsung Electronics (3.14%), Kia (2.74%), Doosan Enerbility (1.52%), KB Financial Group (1.48%), HD Hyundai Heavy Industries (1.33%), and SK Hynix (0.37%) also rose. In contrast, Samsung Biologics fell by 2.32%.
On the same day, the KOSDAQ finished at 924.74, down 5.09 points (0.55%). The index had opened at 930.75, up 0.92 points (0.10%), but quickly reversed and declined. Individual investors were net buyers of 319.4 billion won, while foreign investors and institutions sold 132.1 billion won and 186.3 billion won, respectively.
The top KOSDAQ market capitalization stocks ended mixed. Alteogen recorded the steepest decline, falling more than 12%. Rainbow Robotics (-7.20%), LIG ChemBio (-5.41%), ABL Bio (-5.17%), Samchundang Pharm (-3.36%), and Kolon TissueGene (-2.56%) followed with notable losses. On the other hand, EcoPro (5.90%), HLB (1.66%), Peptron (1.60%), and EcoPro BM (1.14%) rose.
By industry, automobiles (+7.39%), construction (+5.32%), electrical equipment (+5.07%), and electronic products (+4.93%) posted strong gains. In contrast, biotechnology (-3.38%), pharmaceuticals (-1.70%), and healthcare technology (-1.39%) sectors experienced corrections.
The won-dollar exchange rate fell, influenced by foreign investors' net buying of domestic stocks. On this day, the weekly closing price for the Korean won against the US dollar in the Seoul foreign exchange market (as of 3:30 p.m.) was 1,468.8 won, down 4.7 won from the previous trading day.
Park Seokhyun, a researcher at Woori Bank's WM Product Division, commented, "Whether the net buying by foreign investors will continue through the year-end depends on whether next week's earnings from Oracle and Broadcom help ease concerns about an artificial intelligence (AI) bubble, and whether the Federal Open Market Committee (FOMC) in December continues with interest rate cuts and an accommodative policy stance." He added, "Securing leadership in the bull market by AI-related big tech companies and the removal of monetary policy uncertainty by the Federal Reserve will be key turning points in determining whether a year-end rally materializes."
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