KOSPI Holds Steady at 4,140; KOSDAQ Surges 2% to Surpass 900 [fn Afternoon Market]

[Financial News] The Korea Composite Stock Price Index (KOSPI) fluctuated within a narrow range on the 12th, maintaining the 4,140 level. The Korean Securities Dealers Automated Quotations (KOSDAQ) index climbed over 2%, breaking past the 900 mark.
As of 2:30 p.m., the KOSPI was trading at 4,149.24, up 1.04% from the previous session.
The index opened at 4,097.44, down 0.22% from the previous close, rebounded, but then dipped to 4,088.86 (-0.43%). It later pared losses and turned positive, reaching as high as 4,154.62 (1.17%) during the session.
In the KOSPI Market, foreign investors and individuals have net sold 354.3 billion won and 363.1 billion won, respectively, while institutions have net purchased 734.8 billion won.
By sector, securities (up 3.91%) and metals (up 3.84%) are showing strong gains of over 3%.
At the same time, the KOSDAQ index is up 2.35% at 905.08. Foreign investors and institutions have net purchased 191.2 billion won and 107.7 billion won, respectively, while individuals have net sold 293.3 billion won.
Lee Jae-won, a researcher at Shinhan Securities, noted, “The KOSPI is experiencing a rotational rally with most sectors advancing. The KOSDAQ is rising, led by large-cap stocks in biotechnology (biotech) and rechargeable batteries, as well as sectors reporting strong earnings.”

elikim@fnnews.com Kim Mi-hee Reporter