KOSPI Approaches 4,100 Mark on Institutional and Foreign Buying [fn Afternoon Market Update]

[Financial News] On the 5th, the Korea Composite Stock Price Index (KOSPI) climbed to the 4,090 level, driven by strong buying from institutional and foreign investors.
As of 3:05 p.m., the KOSPI was trading at 4,091.43, up 62.92 points (1.56%) from the previous session. The index opened at 4,023.50, down 5.01 points (0.12%) from the previous close, but soon reversed course and moved higher.
In the KOSPI Market, institutional investors and foreign investors have made net purchases of 1.0747 trillion won and 671.4 billion won, respectively. In contrast, individual investors have sold a net 1.7052 trillion won.
Most of the top market cap stocks are on the rise. Samsung Electronics (up 2.85%), SK hynix (0.37%), LG Energy Solution (3.78%), Hyundai Motor (11.02%), Doosan Enerbility (1.64%), KB Financial Group (1.55%), and Kia (2.41%) are all showing strength. On the other hand, Samsung Biologics is down 2.26%.
At the same time, the KOSDAQ Index is trading at 923.45, down 6.38 points (0.69%) from the previous session. The KOSDAQ Index opened at 930.75, up 0.92 points (0.10%) from the prior close.
yimsh0214@fnnews.com Im Sang-hyuk Reporter