KOSPI Rises for Third Consecutive Day, Igniting 'Santa Rally'... Up 0.60% [Financial News Morning Market Brief]

[Financial News] KOSPI has risen for three consecutive days, fueling expectations for a 'Santa Rally.'
According to the Korea Exchange (KRX), as of 10:43 a.m. on the 23rd, KOSPI was trading at 4,130.42, up 24.49 points (0.60%) from the previous day. The index opened at 4,127.40, up 21.47 points (0.52%) from the previous session, and continued to gain momentum throughout the morning.
In the main stock market, foreign investors and institutions were net buyers of 313.3 billion won and 403.4 billion won, respectively, while individual investors were net sellers of 675.9 billion won.
By sector, entertainment/culture (2.08%), insurance (1.94%), and securities (1.44%) showed strong gains, while textiles/apparel (-1.64%), electricity/gas (-1.08%), and metals (-0.90%) were weaker.
Among large-cap stocks, Hanwha Ocean (8.75%), Samsung Life Insurance (3.74%), and HD Hyundai Heavy Industries (2.24%) were on the rise, while Shinhan Financial Group (-0.89%), Naver (-0.84%), and Samsung C&T (-0.72%) were declining.
Boosted by the positive momentum in U.S. tech stocks, Samsung Electronics and SK hynix were also climbing. Samsung Electronics was trading at 112,000 won, up 1.36% from the previous session, while SK hynix was up 1.38% at 588,000 won.
Korea Securities Dealers Automated Quotations (KOSDAQ) was showing slight weakness. At the same time, KOSDAQ was trading at 922.59, up 6.55 points (0.70%) from the previous day. Individual and institutional investors were net buyers of 251.1 billion won and 11.7 billion won, respectively, while foreign investors sold off 194 billion won.
koreanbae@fnnews.com Baehan-geul Reporter