KOSPI Recovers 4,100 Mark on Individual and Institutional Buying [fn Afternoon Market]

[Financial News] After retreating to the 4,080 level in the morning, the Korea Composite Stock Price Index (KOSPI) rebounded to recover the 4,100 mark, supported by buying from individual and institutional investors. Large-cap stocks such as Samsung Electronics and SK hynix showed gains, pushing the index up to the 4,130 range.
According to the Korea Exchange (KRX), as of 2:10 p.m., KOSPI was trading at 4,132.21, up 32.16 points (0.78%) from the previous day. KOSPI started the day at 4,109.25, up 0.22%, and although it fell to the 4,080 level in the morning, it managed to recover its losses.
In the KOSPI Market, individuals and institutions were net buyers of 91.1 billion won and 124.3 billion won, respectively, while foreigners were net sellers of 293.4 billion won.
By industry, metals (2.48%), electrical/electronics (1.96%), and transportation equipment/parts (1.74%) showed strength, while insurance (-2.45%), machinery/equipment (-2.37%), and medical/precision instruments (-2.16%) were weak.
Among large-cap stocks, LG Energy Solution (5.28%), SK Square (5.13%), and Hanwha Ocean (4.52%) were on the rise, while Doosan Enerbility (-4.35%), Shinhan Financial Group (-2.87%), and KB Financial Group (-2.37%) declined.
At the same time, the Korea Securities Dealers Automated Quotations (KOSDAQ) was trading at 926.80, up 2.06 points (0.22%) from the previous day. Individuals and foreigners bought a net 7.2 billion won and 231.1 billion won, respectively, while institutions sold a net 178.6 billion won.
Kang Jinhyuk, a researcher at Shinhan Securities, explained, "Samsung Electronics and LG Energy Solution led the gains for KOSPI as their upward momentum increased. While KOSDAQ rose on the back of activation policies, the rally in biotech stocks has slowed, whereas secondary battery and robotics sectors remain strong."

koreanbae@fnnews.com Bae Han-geul Reporter