On the 21st, the KOSPI started higher, buoyed by individual low-priced buying.
The KOSPI index started at 3140.71, and as of 9:03 a.m., it showed an increase of 10.23 points (0.33%) to 3140.32 compared to the previous transaction.
Looking at the trading trends of investors in the securities market (KOSPI), individuals are net buying 131.3 billion won worth of stocks, while foreigners and institutions are net selling 107 billion won and 4.5 billion won, respectively.
With the short-term oversold phase continuing, it is interpreted that individuals have begun low-priced buying. The previous day, the KOSPI had dropped for the third consecutive day, falling to the 3130 range due to a plunge in leading stocks amid concerns about an artificial intelligence (AI) bubble.
Byun Joon-ho, a researcher at IBK Securities, said, "The stock market is expected to pass a short-term low later this week or early to mid-next week, and it is judged to be a low-priced buying period."
Most of the top market capitalization stocks in the KOSPI are also rising. In particular, 9 out of the top 10 stocks have turned red, excluding SK hynix. Hanwha Aerospace's stock price is up more than 3%.
Overnight, U.S. stocks closed mixed. The technology-heavy Nasdaq index fell 0.67%, while the Standard & Poor's (S&P) 500 index dropped 0.24%. The Dow Jones Industrial Average inched up 0.04%.
At the same time, the KOSDAQ index recorded 779.64, up 2.03 points (0.26%) from the previous transaction. While foreigners and institutions are net selling, individuals are net buying 80 billion won, leading to the rise of the index.
Most of the top stocks in the KOSDAQ market are also showing gains. While Peptron's stock price has risen more than 4%, Ecopro and PharmaResearch also show strength. LigaChem Biosciences is experiencing a decline.