KOSPI Holds Above 5,700, Up 3% on 1 Trillion Won in Institutional Buying [Financial News Afternoon Market Report]

[Financial News] The Korea Composite Stock Price Index (KOSPI) is holding above the 5,700 mark on the back of strong institutional buying.
As of 1:40 p.m. on the 11th, the KOSPI was trading at 5,736.14, up 203.55 points, or 3.68%, from the previous session. The index opened at 5,658.72, up 126.13 points, or 2.28%, from the previous close.
In the Stock Market Division of the Korea Exchange, institutions alone are net buyers of 1.1428 trillion won. In contrast, individual investors and foreigners are net sellers of 815.6 billion won and 312.5 billion won, respectively.
Most large-cap stocks by market capitalization are gaining. Samsung Electronics (up 3.11%), SK hynix (4.37%), Hyundai Motor Company (3.81%), LG Energy Solution (3.00%), Samsung Biologics (5.40%), SK Square (5.96%), and Doosan Enerbility (0.20%) are all showing strength, while Hanwha Aerospace is down 0.69%.
Most sectors are also strong. Securities (up 11.23%), insurance (5.96%), financials (5.88%), retail (4.50%), pharmaceuticals (4.27%), textiles and apparel (4.30%), and non-metallic minerals (3.85%) are all on the rise.
At the same time, the KOSDAQ is trading at 1,164.16, up 26.48 points, or 2.33%, from the previous session. The KOSDAQ opened at 1,155.48, up 17.80 points, or 1.56%, from the prior close.
On the KOSDAQ market, institutions and individual investors are buying 137.4 billion won and 88.6 billion won worth of shares, respectively. Foreign investors, on the other hand, are selling 184.1 billion won.


yimsh0214@fnnews.com Lim Sang-hyuk Reporter