Written by 10:52 AM Economics

KOSPI recovers 2700 level with buying from individuals and foreign investors

A 1% increase in domestic and foreign buying
Electricity, electronics, insurance, finance industries showing strength
Most of the top market cap stocks are rising… SK hynix up by 2%
, ‘[Edaily Reporter Park Jeong-su] The KOSPI has regained the 2700 level thanks to simultaneous buying from individuals and foreigners.’,
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, ‘According to MP Doctor on the 20th, as of 9:07 AM, the KOSPI recorded 2702.24, up 27.88 points (1.04%) from the previous trading day. The KOSPI started the day at 2699.74, higher than the previous trading day at 2674.36.’,
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, ‘Although institutions are currently net sellers of 19.6 billion won in the securities market, individual and foreign investors are leading the index higher with net purchases of 13 billion won and 5.5 billion won respectively. Program trading recorded a net buying of 32.2 billion won, combining profit-taking and non-profit-taking transactions.’,
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, ‘Kim Ji-hyun, a researcher at Kiwoom Securities, explained, “The improvement in sentiment towards semiconductor investments, driven by NVIDIA regaining the second-largest market cap position and positive outlook for foreign companies, will lead to a rise in the domestic market.” He also stated, “The supply will be diversified and the upside will be limited.”‘,
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, ‘While most sectors are on the rise, the electricity, electronics, insurance, and finance industries are up by more than 1%, with the distribution, electricity and gas, manufacturing, and securities industries also showing a positive trend. On the other hand, industries such as precision medical equipment and pharmaceuticals are in decline.’,
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, ‘Even among the top market cap stocks that are showing an upward trend, SK hynix (000660), KB Financial (105560), etc., are up by more than 2%, while Shinhan Financial Group (055550), Samsung Electronics (005930), Hyundai Motor (005380), Samsung C&T (028260), etc., are up by around 1%. Hyundai Mobis (012330), Kia (000270), NAVER (035420), POSCO Holding (005490), LG Energy Solution (373220) are also showing an upward trend.’,
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, ‘On the other hand, the U.S. stock market rose across the board overnight. In particular, the S&P 500 and Nasdaq indices continued their upward trend for 8 consecutive trading days. It is the longest rally of the year. On the 19th (local time), on the New York Stock Exchange, the Dow Jones Industrial Average, which gathers blue-chip stocks, closed at 48,896.53, up 0.58% from the previous trading day. The large-cap benchmark S&P 500 also rose by 0.97% to 5,608.25, and the tech-heavy Nasdaq index rose by 1.39% to 17,876.77. The S&P 500 and Nasdaq continued their 8-day rally, while the Dow continued its 5-day rally.’,
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