The KOSPI index is extending gains of more than 1% on the 24th. The KOSDAQ index, which opened higher, turned lower during the morning session.
As of 12:05 p.m., the KOSPI index was at 3907.49, up 1.41% (54.23 points) from the previous trading day. The KOSPI index opened the session at 3915.16, up 61.90 points (1.61%) from the previous day.
The main board is being led by foreigners and institutions. Individuals, who showed buying right after the open, switched to net selling and are net sellers of 588.6 billion won. Foreigners and institutions are net buyers of 74.9 billion won and 522.5 billion won, respectively.
Seven of the top 10 market-cap stocks on the main board are rising. Samsung Electronics, SK hynix, Hyundai Motor, KB Financial, Doosan Enerbility, and Hanwha Aerospace are up, while LG Energy Solution, Samsung Biologics, and HD Hyundai Heavy Industries are down.
At the same time, the KOSDAQ index was at 863.70, down 0.03% (0.25 points) from the previous day. The KOSDAQ index, which opened higher, turned lower during the morning.
On the KOSDAQ market, individuals are net buyers of 137.8 billion won and institutions 4.4 billion won, while foreigners are net sellers of 145.7 billion won.
The KOSDAQ market is mostly lower. Alteogen, EcoPro BM, EcoPro, ABL Bio, Peptron, LigaChem Biosciences, and Kolon TissueGene are falling, while Rainbow Robotics is rising.
Lee Jae-won, a researcher at Shinhan Investment & Securities, said, "As the probability of a rate cut rises, bargain hunting has flowed into the KOSPI index overall, but it is limited to certain stocks."
Regarding the KOSDAQ index, Lee explained, "With large-cap bio names weak, it is underperforming compared with the KOSPI index, where the artificial intelligence (AI) value chain is strong."