Korea Composite Stock Price Index (KOSPI) Rises Further on Foreign and Institutional Buying [fn Afternoon Market Update]

[Financial News] The KOSPI has continued its upward momentum after recovering the 4,000-point level during intraday trading.
As of 1:42 p.m. on the 3rd, the KOSPI was trading at 4,047.82, up 52.89 points (1.32%) from the previous session.
The KOSPI opened at 4,010.26, up 15.33 points (0.38%) from the previous day.
Foreign investors have purchased 230.3 billion won worth of stocks in the KOSPI Market. Institutions have made net purchases totaling 527.5 billion won, while individuals have sold 734.9 billion won.
Among the top market cap stocks, Samsung Electronics is trading at 105,200 won, up 1.74% from the previous session. SK hynix is showing a slight decline of 0.27%.
By sector, distribution (5.11%), machinery and equipment (2.79%), and construction (2.52%) are leading the gains.
At the same time, the KOSDAQ Index is trading at 929.56, up 1.14 points (0.12%) from the previous day.

dschoi@fnnews.com Choi Doo-sun Reporter