On the 25th, the KOSPI index started higher. It is interpreted that the rise on the previous day in the New York Stock Exchange, driven by expectations of easing trade tensions, positively influenced the domestic stock market.
As of 9:04 a.m. on that day, the KOSPI index recorded 2,550.37, up 28.04 points (1.11%) compared to the previous transaction day. In the securities market, foreign and institutional investors purchased 33.8 billion won and 24.2 billion won, respectively, while individuals sold 52.5 billion won.
The KOSDAQ index is currently at 731.03, up 4.95 points (0.68%) from the previous day. In the KOSDAQ market, individuals are net buying 6.9 billion won, while foreign and institutional investors are net selling 700 million won and 4.3 billion won, respectively.
Recently, the New York Stock Exchange has closed higher for three consecutive days. It is interpreted that comments by U.S. President Donald Trump, reiterating that negotiations with China are ongoing, have led to expectations among investors that trade tensions will ease.
On the 24th (Eastern Standard Time), the Dow Jones Industrial Average closed at 40,093.40, up 486.83 points (1.23%) from the previous session. The Standard and Poor's (S&P) 500 index rose 108.91 points (2.03%) to 5,484.77, and the technology-heavy NASDAQ composite index climbed 457.99 points (2.74%) to finish at 17,166.04.