KOSPI 7,291.91 close... Bank stocks held the line both intraday and at the close
The KOSPI rose 45.12 points (0.62%) to 7,291.91 to finish the session. Bank stocks rose and helped defend the index despite an intraday turn lower and individual investors' 1 trillion 5,000 billion won in selling, while the KOSDAQ recovered the 800 level in a single day on strength in semiconductor materials, components and equipment stocks.
The KOSPI rose 45.12 points (0.62%) to close at 7,291.91, and bank stocks rose in the volatile session, helping defend the index. This was a notable feature of the market flow, which saw an intraday turn lower.
The index also turned lower midway through the session. Subsequently, some intervention in supply and demand was observed in trading trends.
Individual investors recorded net selling of 1 trillion 5,000 billion won, and reports emerged in the market that the deployment of the "Yeongi-gun" was under way.
Banking stocks showed relative strength that day, emerging as defensive plays in the volatile market. Gains in individual bank stocks affected the index.
The KOSDAQ recovered within a single day 800line. The semiconductor materials, parts, and equipment sector led the index rebound.
SK hynix's strong performance in the U.S. market also created a trend in which the KOSPI reclaimed the 7,500line during the session. However, the market closed at the figures stated above.
Overall, the day's session showed clear differences in index movements and sector-by-sector sentiment. Investors are monitoring changes in supply and demand for individual stocks and upcoming disclosures.