Will the Market Hold the 7,000 Level? Both KOSPI and KOSDAQ Rise

Foreigners and Institutions Turn to Net Buying
KOSDAQ Rises Over 2%

Yonhap News Agency

On September 9, the KOSPI index continued its upward trend, remaining in the 7000-point range. The KOSDAQ also showed strength, surging by 2%.

As of 2:15 p.m. on this day, the KOSPI was up 1.47% from the previous day, standing at 7,056.57. After starting slightly higher at 6,972.87, the market extended its gains and settled above the 7,000 mark, at least for now.

This trend is attributed to both foreign investors and institutional investors shifting from early selling to net buying. They have net purchased 186.7 billion won and 740.2 billion won, respectively. Other corporations recorded net purchases of 1.5397 trillion won. Meanwhile, individual investors recorded net sales of 2.4666 trillion won.

Many sectors posted gains. Several industries rose more than 1%, including chemicals (3.60%), machinery and equipment (2.53%), transportation equipment and parts (1.80%), manufacturing (1.78%), metals (1.73%), and electrical and electronics (1.69%). In contrast, some sectors fell more than 1%, such as entertainment and culture (-2.36%), IT services (-1.51%), paper and wood (-1.44%), insurance (-1.39%), and textiles and apparel (-1.17%).

At the same time, the KOSDAQ was up 2.03% at 828.39 compared to the previous day. After a modestly positive start, the market’s upward momentum accelerated.

Foreign investors have maintained their buying trend since the opening. As of this day, foreign investors have recorded net purchases of 263.8 billion won, and institutions have reversed their net selling, now recording net purchases of 7.8 billion won. Individual investors have recorded net sales of 276.4 billion won.

Most sectors were on the rise. Several industries rose more than 2%, including finance (3.90%), electrical and electronics (3.84%), metals (3.25%), machinery and equipment (2.90%), communications (2.62%), and manufacturing (2.18%). Non-metals (-2.06%), entertainment and culture (-1.56%), and textiles and apparel (-1.00%) declined.

This content was produced with the assistance of AI translation services.