KOSPI rebounds above 5,300 on institutional buying; KOSDAQ also rises

[Financial News] The Korea Composite Stock Price Index (KOSPI) rebounded into positive territory during the session on the back of institutional buying, recovering the 5,300 level.
As of 10:28 a.m. on the 11th, the KOSPI index was trading at 5,336.80, up 35.11 points (0.66%) from the previous session. The KOSPI opened at 5,293.75, down 7.94 points (0.15%), but turned upward as institutions stepped up their purchases.
Individuals and foreign investors are net sellers of 62.4 billion won and 343 billion won, respectively, while institutions are showing a net buying advantage of 354.2 billion won.
Among large-cap stocks by market capitalization, Samsung Electronics (up 0.06%), Hyundai Motor (up 3.85%), Samsung Biologics (up 0.64%) and Kia (up 3.62%) are gaining, whereas SK hynix (down 0.68%), SK Square (down 0.92%) and Hanwha Aerospace (down 0.17%) are weaker.
By sector, telecommunications, pharmaceuticals, transportation equipment and parts, transportation and warehousing, machinery and equipment, and financials are strong, while textiles and apparel, paper and wood, medical and precision instruments, and securities are declining.
Overnight, the New York stock market ended mixed amid concerns about an economic slowdown following weaker-than-expected U.S. retail sales data. The Dow Jones Industrial Average (DJIA) rose 0.10% from the previous session, but the Standard & Poor's 500 Index (S&P 500) and the Nasdaq Composite Index fell 0.33% and 0.59%, respectively. Retail sales for December last year, released by the United States Department of Commerce (DOC), were flat at 0%, below the market consensus of a 0.4% increase.
At the same time, the KOSDAQ index was trading at 1,124.41, up 9.21 points (0.83%) from the previous session. The KOSDAQ started the day at 1,120.62, up 5.42 points (0.49%) from the previous close.

jisseo@fnnews.com Seo Min-ji Reporter