KOSPI Breaks 3200 Mark for the First Time in 46 Months... Foreigners 'Buy' [fn Closing Market]

[Financial News] KOSPI successfully re-entered the 3200 mark on a closing basis for the first time in 3 years and 10 months, supported by foreign net buying. KOSDAQ ended slightly lower, reversing after 6 trading days. On the 14th, according to the Korea Exchange, the KOSPI index closed at 3202.03, up 26.26p (0.83%) from the previous trading day. The index opened at 3175.59, down 0.18p (0.01%), but expanded its intraday gains and surpassed the 3200 mark.
It is the first time in 3 years and 10 months since September 6, 2021 (3203.33) that the KOSPI index has broken the 3200 mark on a closing basis.
Foreigners net bought 397.2 billion won worth of stocks in the securities market, lifting the index. Individuals and institutions showed net selling of 342.8 billion won and 127 billion won, respectively.
By sector, insurance (6.47%), distribution (3.94%), and finance (2.46%) closed higher, while IT services (-1.76%), machinery equipment (-1.0%), and pharmaceuticals (-0.97%) closed lower.
Among the top market cap stocks, SK Hynix (1.19%), KB Financial (1.24%), Hyundai Motor (3.61%), and Kia (2.18%) showed strength. On the other hand, Samsung Electronics (-0.64%), Samsung Biologics (-0.85%), and LG Energy Solution (-2.02%) showed weakness.
Last Friday, the New York stock market showed a downward trend due to the successive tariff remarks by President Trump.
However, the decline was more limited than before due to the still not high level of market caution. President Trump, who had been urging negotiations by sending letters to major countries until the 1st of next month, revealed a letter stating that a 35% tariff would be imposed on Canada. There is an analysis that if the tariffs mentioned by Trump are applied, there is room for inflationary pressure to intensify.
Lee Jae-won, a researcher at Shinhan Investment Corp, said, "The continuous shareholder value enhancement policies such as the amendment of the Commercial Act and the mandatory retirement of treasury stocks are expected to be a driving force for the domestic stock market to rise," adding, "The market's focus is expected to be on corporate earnings for the time being. Attention should be paid to sectors that are expected to exceed earnings forecasts and sectors that are undervalued compared to profits."
However, on this day, the KOSDAQ index closed at 799.37, down 1.10p (0.14%) from the previous trading day. The index started at 802.73, up 0.28% from the previous session, but soon reversed to a decline.
In the KOSDAQ market, only individuals continued net buying of 230.8 billion won. Foreigners and institutions net sold 166.1 billion won and 46 billion won, respectively.

nodelay@fnnews.com Park Ji-yeon Reporter