Foreign Investors Return After 12 Sessions... KOSPI Rebounds Over 2% [fn Closing Market]

[Financial News] The Korea Composite Stock Price Index (KOSPI) rebounded as foreign investors turned to net buying amid expectations related to the Strait of Hormuz.
On the 3rd, the KOSPI closed at 5,377.30, up 143.25 points (2.74%) from the previous session.
Foreign investors, who had been net sellers for 11 consecutive trading days, shifted to net buying. On the day, they recorded net purchases of 809 billion won. Institutions also showed a buying advantage of 721.4 billion won, while individual investors were net sellers of 2.0931 trillion won.
Among large-cap stocks by market capitalization, Samsung Electronics (up 4.37%), SK hynix (5.54%), Hyundai Motor Company (1.18%), Hanwha Aerospace (2.26%), SK Square (2.88%), and Doosan Enerbility (3.21%) advanced. In contrast, LG Energy Solution (down 1.48%), Samsung Biologics (1.96%), and Kia Corporation (0.27%) weakened.
By sector, metals, electrical and electronics, construction, general services, manufacturing, machinery and equipment, and transportation equipment and parts rose. Meanwhile, electricity and gas, pharmaceuticals, entertainment and culture, transportation and warehousing, and textiles and apparel declined.
Investor sentiment improved on news that the Islamic Republic of Iran is working with Oman to establish rules to monitor vessel traffic through the Strait of Hormuz.
Kang Jinhyuk, a researcher at Shinhan Securities, noted, "Expectations for navigation through the Strait of Hormuz are growing, driven by the development of a vessel management protocol by the Islamic Republic of Iran and Oman, a meeting of foreign ministers from 40 countries, and the passage of some ships," adding, "Investor sentiment, which had deteriorated after a speech by Donald Trump, has improved."
Meanwhile, the KOSDAQ closed at 1,063.75, up 7.41 points (0.70%) from the previous trading day.

jisseo@fnnews.com Seo Min-ji Reporter