Korea's two major stock markets are showing strength in early trading. The rebound seen in the U.S. New York stock market overnight, driven by bargain hunting, appears to have carried over into domestic equities. However, recovery from unrealized losses remains relatively slow compared to the previous day's decline.
As of 9:35 a.m. on the 16th, the KOSPI index stood at 5,623.72, up 69.50 points (1.25%) from the previous day. The KOSPI opened at 5,653.99, up 99.77 points (1.80%). This marked a rebound for the KOSPI after eight trading days.
The KOSPI is analyzed to have been supported by bargain hunting following an unprecedented oversold condition. This atmosphere is believed to have begun with the New York stock market's overnight rebound, which had previously plunged significantly on concerns about AI-related debt burdens. On the New York Stock Exchange overnight, the Dow Jones 30 Industrial Average closed at 52,177.69, up 556.21 points (1.08%) from the previous day; the S&P 500 index rose 25.12 points (0.33%) to 7,744.06; and the tech-heavy NASDAQ Composite Index closed at 26,713.03, up 20.16 points (0.08%).
Looking at KOSPI supply and demand, buying by retail investors and institutional investors is clear. As of this moment, retail investors and institutional investors are net buyers of KOSPI stocks worth 99.3 billion won and 115.3 billion won, respectively. In contrast, foreign investors are net sellers of stocks worth 305.9 billion won.
By sector on the KOSPI, all industries are in positive territory. Entertainment and culture is up in the 5th% range, while pharmaceuticals and transportation equipment and parts are up in the 4th% range.
Among top market capitalization stocks on the KOSPI, Samsung Electronics and SK Square rose in the 1st% range, while SK Hynix was nearly flat. In addition, Hanwha Aerospace rose in the 8th% range and Celltrion in the 5th% range, indicating strong performance from non-semiconductor stocks.
At the same time, KOSDAQ stood at 780.65, up 19.83 points (2.61%) from the previous trading day. The KOSDAQ opened at 772.17, up 11.35 points (1.49%), and is widening its gains.
On the KOSDAQ as well, net buying by retail investors and institutional investors was observed. As of this moment, retail investors and institutional investors are net buyers of stocks worth 85.5 billion won and 20.9 billion won, respectively, while foreign investors are net sellers of stocks worth 109.2 billion won.
By sector on the KOSDAQ, as of this moment, pharmaceuticals, general services, non-metals, and entertainment and culture rose in the 4th% range, while publishing, media, and duplication fell in the 2nd% range.
Among top market capitalization stocks on the KOSDAQ, Alteogen rose in the 7th% range, PSK Holdings in the 6th% range, and Samchundang Pharm in the 5th% range. Ecopro was flat, while Ecopro BM moved in a slightly soft range.
The won-dollar exchange rate at 9:00 a.m. on this day stood at 1,341.5 won, down 3.0 won from the previous day's closing price.
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