KOSPI Settles at 3200 Level with US Breeze... KOSDAQ Rises 2% [fn Closing Market]

[Financial News] The domestic stock market closed higher on the 25th. The US breeze led foreign and institutional investors to buy, allowing KOSPI to recover the 3200 level, and KOSDAQ rose nearly 2%.
According to the Korea Exchange, KOSPI closed at 3209.86, up 1.30% from the previous session. Starting at 3195.14, up 0.83% from the previous session, KOSPI gradually increased its gains throughout the day, settling at the 3200 level. It has been about 10 days since KOSPI recovered the 3200 level since the 14th.
In the stock market, foreigners and institutions net bought 52.9 billion KRW and 254.2 billion KRW worth of stocks, respectively. On the other hand, individuals sold 403.6 billion KRW worth.
It is interpreted that the preference for risk assets revived as Jerome Powell, Chairman of the US Federal Reserve (Fed), made dovish (preference for monetary easing) remarks, raising expectations for a rate cut. The Korea-US summit scheduled for 1 AM on the 26th Korean time also acted as a factor increasing expectations.
Top market cap stocks closed higher across the board. In particular, Doosan Enerbility received attention by rising 5.95% compared to the previous trading day, and SK Hynix (3.39%), LG Energy Solution (3.40%), and Hanwha Aerospace (1.35%) also rose significantly.
By industry, machinery equipment (4.09%), securities (2.91%), and general services (1.79%) closed higher. On the other hand, electricity and gas (-0.71%) and non-metallic (-0.54%) fell.
On this day, the KOSDAQ index closed at 798.02, up 1.98% from the previous trading day. In the KOSDAQ market, foreigners and institutions net bought 283.3 billion KRW and 72.7 billion KRW worth of stocks, respectively. On the other hand, individuals sold 332.6 billion KRW worth.

hippo@fnnews.com Kim Chan-mi Reporter