The KOSPI closed up 2% on June 16, buoyed by peace talks between the U.S. and Iran. Foreign investors continued to buy in both the cash and futures markets for the third consecutive trading day, helping the index recover above the 8,700 level.
According to the Korea Exchange, the KOSPI finished at 8,726.60, up 180.62 points (2.11%) from the previous trading day. The index opened at 8,696.55, up 150.57 points (1.76%), and briefly dipped by 5.57 points (0.07%) during the session before turning upward. It even reached a peak of 8,753.82, up 207.84 points (2.43%).
In the securities market, foreign and institutional investors bought a net 1.11 trillion won and 446.1 billion won, respectively, driving the index higher. In contrast, individual investors sold a net 1.51 trillion won.
Lee Kyung-min, a researcher at Daishin Securities, noted, "Foreign investors have been net buyers in both cash and futures markets for three consecutive days, exerting upward pressure on the domestic stock market. The simultaneous buying by foreign and institutional investors led to sector rotation across various industries."
He added, "The visibility of U.S.-Iran peace negotiations has boosted the construction sector, while defense, retail, and renewable energy sectors also saw significant gains."
Most of the top market capitalization stocks in the KOSPI closed higher, including SK Square (up 6.23%), SK Hynix (up 4.11%), Samsung Electro-Mechanics (up 2.45%), Samsung Life Insurance (up 1.89%), Samsung Electronics (up 1.78%), and Kia (up 1.61%). However, LG Energy Solution (-2.38%), HD Hyundai Heavy Industries (-2.24%), and Hyundai Motor (-1.08%) experienced declines.
By sector, metals (up 5.26%), finance (up 2.92%), electrical and electronics (up 2.20%), retail (up 2.14%), transportation equipment and parts (up 1.84%), and insurance (up 1.76%) showed strong performances. The chemical (up 0.18%) and pharmaceutical (up 0.28%) sectors also saw slight increases, while the IT services sector (-1.72%) declined.
Meanwhile, the KOSDAQ index closed at 1,018.68, down 15.35 points (1.48%) from the previous trading day. The index opened at 1,039.00, up 4.97 points (0.48%), but later turned downward and could not recover its losses.
In the KOSDAQ market, individual investors bought a net 616.2 billion won, while institutions sold a net 806.5 billion won.
Most of the top market capitalization stocks in the KOSDAQ closed lower, with HPSP and Wonik IPS dropping sharply by -20.60% and -10.49%, respectively. Other declines included IOTechniques (-6.87%), Rainbow Robotics (-6.21%), EcoPro BM (-3.59%), Rino Industry (-2.07%), EcoPro (-1.29%), and Samchundang Pharmaceutical (-0.94%). In contrast, HLB (up 6.26%), ABL Bio (up 2.82%), Alteogen (up 0.72%), JUSUNG Engineering (up 0.67%), and Kolon TissueGene (up 0.29%) finished higher.
* This article has been translated by AI.
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