KOSPI Closes Around 5,580 on Retail Dip-Buying; KOSDAQ Jumps 14.10% [FN Closing Market]

[The Financial News] The Korea Composite Stock Price Index (KOSPI) finished in the 5,580 range, supported by easing geopolitical tensions in the Middle East and inflows of bargain hunting. KOSDAQ surged more than 14% as both institutional and foreign investors turned net buyers.
According to the Korea Exchange on the 5th, the KOSPI ended the day at 5,583.90, up 490.36 points (9.63%) from the previous close. The index opened at 5,250.92, up 3.09%, and at one point in the morning touched 5,715.30, a gain of 12.21%, before trimming some of its advance.
In the KOSPI Market, retail investors were net buyers of 2.2513 trillion won, while foreigners and institutions were net sellers of 420.7 billion won and 1.909 trillion won, respectively.
All industry sectors on the KOSPI advanced on the day. Medical and precision instruments climbed 15.36%, securities gained 13.92%, and machinery and equipment rose 13.29%, leading the gains.
Large-cap stocks by market capitalization also moved higher across the board. Samsung Electronics and SK Hynix rose 11.61% and 11.19%, respectively, while Hyundai Motor added 10.18%. Mirae Asset Securities jumped 17.17%, and Hanwha Ocean climbed 12.44%, among others.
KOSDAQ closed at 1,116.41, up 137.97 points (14.10%) from the previous session. Foreign investors bought 856.2 billion won and institutions purchased 703.8 billion won, while retail investors sold a net 1.5252 trillion won.
Jungeun Lim, an analyst at KB Securities, said, "With geopolitical tensions easing and bargain hunters stepping in, the two main domestic indices recovered a significant portion of yesterday's losses," adding, "The strength in macroeconomic indicators also served as a positive catalyst for the stock market."
koreanbae@fnnews.com Bae Han-geul Reporter