KOSPI, 7month 10early in the session on day 260points higher, 7,552.49opened
KOSPI 7month 10early in the session on day 7,552.49at 260.58points (3.57%) higher at the open. On the previous day (7month 9day), it also rose 7,291.91to 45.12points (0.62%), while SK hynix and Samsung Electronics posted gains in the 6% range and 4% range, respectively. Reports said expectations for a rebound in the index grew on foreign fund inflows and institutional buying.
KOSPI began trading 7month 10early in the session on day 7,552.49at 260.58points (3.57%) higher. The strong opening gain early in the session drew investor attention.
On the previous day, 7month 9day, KOSPI closed 7,291.91at 45.12up 0.62points (%) . Reports assessed this as the starting point for gains on two consecutive days.
7month 9day trading, SK hynix gained in the 6% range, while Samsung Electronics recorded a rise in the 4% range. An indicator was presented showing gains centered on semiconductors and large-cap stocks.
Reports said that foreign investors’ net buying had returned. Some analyses also described it as a flow resembling the eve of a sharp rise in 6month.
There were reports that bank stocks showed relative strength in a volatile market. Their defensive characteristics came to the fore amid market unease.
Retail investors 1trillion 3,000hundred million won or so on a net basis, while institutions were observed buying up this volume. The flows by type of market participant diverged clearly.
Intraday index movements and differentiation among sectors were confirmed. Investors were reported to be watching large-cap technology stock flows and foreign investors’ fund movements.
The foregoing is a factual summary of the intraday and closing market trends announced in 7month 9~10days. Please check the disclosures if any separate additional announcement is issued.