KOSPI tops 5,500 for the first time ever on foreign and institutional buying [fn Afternoon Market]

[Financial News] On the 12th, the Korea Composite Stock Price Index (KOSPI) climbed above the 5,500 mark for the first time in history, driven by strong buying from foreign investors and institutions.
As of 2:40 p.m. that day, the KOSPI was trading at 5,503.84, up 149.35 points (2.79%) from the previous session.
The KOSPI opened at 5,425.39, up 70.98 points (1.32%) from the previous close, and then extended its gains. Around 10:50 a.m., it surpassed the 5,500 level for the first time ever, and at 11:01 a.m. it touched an all-time intraday high of 5,515.18 points.
Foreign investors and institutions were the main drivers of the index. While retail investors sold 3.4807 trillion won worth of shares on the main stock market, foreigners and institutions bought 1.7358 trillion won and 1.6770 trillion won, respectively.
Among the top 14 stocks by market capitalization, SK Square (up 6.20%), Samsung Electronics (6.20%), Shinhan Financial Group (4.16%), and SK hynix (3.26%) showed particular strength.
By contrast, Doosan Enerbility (down 2.30%), Hyundai Motor (0.59%), and Hanwha Aerospace (0.27%) were weaker.
The KOSDAQ Index was trading at 1,121.03, up 6.16 points (0.55%) from the previous session. It opened the day at 1,122.55, up 7.68 points (0.69%).


khj91@fnnews.com Kim Hyun-jung Reporter