KOSPI Surges Past 3,550 Mark on Strong Foreign and Institutional Buying [fn Afternoon Market]

[Financial News] The Korea Composite Stock Price Index (KOSPI) surpassed the 3,550 mark on July 2, driven by strong buying from foreign and institutional investors.
As of 1:45 p.m., KOSPI was trading at 3,554.77, up 2.86% from the previous session. The index opened at 3,525.48, a 2.02% increase from the previous day. This is the first time KOSPI has crossed the 3,500 mark during intraday trading.
In the main stock market, foreign investors have purchased 2.113 trillion won worth of shares, while institutional investors have bought 1.1547 trillion won. In contrast, individual investors have sold 3.2688 trillion won.
Among the top market-cap stocks, Samsung Electronics and SK hynix, the two largest by market capitalization, are showing strong performance. At this time, Samsung Electronics is trading at 90,000 won, up 4.65% from the previous session, while SK hynix is up 10.83% at 399,000 won. LG Energy Solution (1.58%), KB Financial Group (1.98%), and Hyundai Motor (1.86%) are also gaining. On the other hand, HD Hyundai Heavy Industries is down 1.33%.
By sector, the Electrical and Electronics Industry (5.49%), manufacturing (3.43%), and securities (3.33%) are leading the gains. In contrast, the Food and Beverage Industry (-1.00%) and construction (-0.24%) are declining.
At this time, the Korean Securities Dealers Automated Quotations (KOSDAQ) index is trading at 852.83, up 0.89% from the previous session.
In the KOSDAQ market, individual and foreign investors have bought 14.7 billion won and 45.6 billion won worth of shares, respectively, while institutional investors have made a net sale of 34.8 billion won.


hippo@fnnews.com Kim Chan-mi Reporter