On the 21st, the Korea Composite Stock Price Index (KOSPI) started strong.
According to the Korea Exchange, the KOSPI index opened at 2615.90 and, as of 9:02 a.m., has recorded an increase of 15.70 points (0.60%) to 2617.50 compared to the previous trading day.
Individuals have begun net purchasing worth 7 billion won, leading the index's rise. Foreign investors have also turned to net buying, while institutions are net selling.
Overnight, the three major U.S. stock indices fell for the first time in 14 days since the 6th, but the domestic market is showing a different trend in the early trading.
Samsung Electronics and SK hynix, the first and second largest market cap companies in the KOSPI, are both experiencing strong stock prices. Furthermore, Samsung Biologics, ranked third in market cap, is rising by over 2%.
In addition, the stock prices of LG Energy Solution, Hanwha Aerospace, KB Financial, Kia, and HD Hyundai Heavy Industries are also increasing.
Among the top 10 KOSPI stocks by market cap, Hyundai Motor is the only one experiencing weakness.
At the same time, the KOSDAQ index is also rising, showing an increase of 5.06 points (0.71%) to 720.61 compared to the previous trading day. Individuals and institutions are net buying 7.8 billion won and 200 million won, respectively.
Most of the stock prices of top KOSDAQ companies by market cap are rising. Alteogen is up more than 3%. Additionally, the stock prices of Ecopro and HLB are also strong.