KOSPI rises, KOSDAQ falls as foreigners turn net buyers [fn Closing Market]

[The Financial News] The Korea Composite Stock Price Index (KOSPI) closed higher, supported by net buying from foreign investors. Foreigners also turned net buyers on the Korea Securities Dealers Automated Quotations (KOSDAQ), but that index ended lower. On the 7th, KOSPI finished at 5,494.78, up 44.45 points (0.82%) from the previous trading day.
KOSPI opened at 5,552.19, up 101.86 points (1.87%) from the previous day, but at one point during the session it fell as much as 25.87 points (0.47%) as foreigners and institutions turned to net selling.
In the Stock Market Division of the Korea Exchange, foreign investors bought a net 291.0 billion won. In contrast, individual investors and institutions sold 195.4 billion won and 471.0 billion won, respectively.
Most large-cap stocks by market capitalization advanced. SK hynix gained 3.39%, and Samsung Electronics rose 1.76%. Hyundai Motor Company also climbed 0.85% to close at 473,000 won. Hanwha Aerospace posted strong gains of more than 6%.
By sector, electrical and electronics rose 1.85%, manufacturing added 1.29%, and transportation equipment and parts increased 1.05%. In contrast, entertainment and culture fell 3.74%, and securities declined 1.67%.
The KOSDAQ Index ended at 1,036.73, down 10.64 points (1.02%) from the previous session. On the KOSDAQ market, foreign investors bought a net 245.3 billion won, while individuals and institutions sold 93.9 billion won and 131.1 billion won, respectively.

dschoi@fnnews.com Choi Doo-sun Reporter