The KOSPI index has risen nearly 1% thanks to significant institutional buying. After opening around the 6600 mark and showing mixed movements, the index gained momentum as institutions purchased over 1 trillion won. At one point, the index increased by 1.32%, surpassing the 6700 level.
As of 1:39 PM, the KOSPI was up 63.51 points (0.96%) at 6690.77 compared to the previous trading day.
The index started at 6611.24, down 16.02 points (0.24%), but reversed course early in the session and expanded its gains. During trading, the KOSPI reached as high as 6714.75, up 87.49 points (1.32%) from the previous day.
In the securities market, institutions have net bought 1.1554 trillion won, while individual and foreign investors have net sold 1.2556 trillion won and 1.2055 trillion won, respectively.
Among the top market capitalization stocks, Samsung Electronics (up 1.51%), SK Hynix (up 2.90%), SK Square (up 0.80%), Samsung Electro-Mechanics (up 3.49%), LG Energy Solution (up 0.68%), and Samsung C&T (up 1.59%) saw gains, while Hyundai Motor (down 1.36%), Samsung Biologics (down 0.92%), KB Financial (down 0.17%), and Samsung Life Insurance (down 0.18%) experienced declines.
At the same time, the KOSDAQ index was down 1.40 points (0.17%) at 811.01 compared to the previous trading day.
In the KOSDAQ market, individuals have net bought 120.1 billion won, while foreign and institutional investors have net sold 102.2 billion won and 18.7 billion won, respectively.
Among the top KOSDAQ stocks, Alteogen (down 2.12%), EcoPro (down 2.73%), EcoPro BM (down 2.71%), Rainbow Robotics (down 1.96%), and Roboteers (down 4.16%) fell, while JUSUNG Engineering (up 2.18%), EO Technics (up 2.91%), Wonik IPS (up 5.35%), Rino Technology (up 1.09%), and Simtech (up 1.59%) rose.
Overnight, U.S. markets declined amid caution ahead of the September Federal Open Market Committee (FOMC) meeting and rising pressures from Treasury yields and international oil prices. The yield on the 10-year U.S. Treasury note was at 4.99%, while the 30-year note was at 5.37%. West Texas Intermediate (WTI) crude oil was priced at $105.3 per barrel.
* This article has been translated by AI.
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