KOSPI surges at the open (7 month 10) — retail investors sell 1 trillion 3,000billion won, while institutional buying accelerates

KOSPI 7 month 10rose 260.58 points (3.57%) at the start of trading and opened at 7,552.49. The figure could be interpreted as a signal of a short-term rebound.

A day earlier, on 7 month 9, SK hynix rose 6% and Samsung Electronics rose 4%, among other signs of strength among large-cap stocks.

In the session on the same 7 month 9, retail investors were reported to have recorded net sales of 1 trillion 3,000billion won. By contrast, a report said institutions showed buying pressure that absorbed the selling.

There was also an indicator showing that bank stocks performed relatively strongly when volatility was high. It indicated that bank stocks emerged as defensive shares during volatile market phases.

7 month 9the closing level on the day was, and the KOSPI 45.12points (0.62%) higher, closing at 7,291.91. Significant fund movements between buying and selling were observed during the session.

In summary, on 7 month 9, large-scale selling by retail investors, buying by institutions, and strength in large semiconductor and bank stocks were observed, while early in the session on 7 month 10, the index rose sharply, raising the possibility of a shift to a rebound market.