KOSPI Closes Up More Than 2% on Institutional Buying

KOSDAQ also rises more than 1%

The KOSPI closed higher, buoyed by net institutional buying.

On Nov. 2, the KOSPI closed at 5,859.08, up 2.24%.

By investor group, foreign investors and individual investors were net sellers of KRW 373.1 billion and KRW 1.3475 trillion, respectively. Institutions, meanwhile, were net buyers of KRW 1.2329 trillion.

All sectors rose except pharmaceuticals (-1.92%), securities (-0.71%) and insurance (-0.61%). Construction rose 5.76%, while transportation and warehousing gained 5.31%, transportation equipment and parts 3.7%, machinery and equipment 3.11%, electrical and electronic equipment 2.55%, manufacturing 2.42%, retail 2.2%, and medical and precision instruments 2.2%.

The KOSPI, which opened lower, turned higher on net buying by institutional investors. Stock market indices are displayed in the dealing room at Hana Bank headquarters in Jung-gu, Seoul, on Nov. 2. At 9:45 a.m., the KOSPI was trading at 5,744.42, up 13.68 points (0.24%) from the previous trading day. After opening at 5,637.77, it fell as much as 114.24 points (1.99%) to 5,616.50 early in the session, before paring its losses and turning higher. 2026.11.2 Photo by Kim Hyunmin

Among companies with large market capitalizations, Samsung Biologics (-4.3%) and financial stocks were among the decliners. Shinhan Financial Group fell 3.1%, while Meritz Financial Group (-2.7%), Hana Financial Group (-2.3%), KT&G (-1.8%), Industrial Bank of Korea (-1.8%), KB Financial Group (-1.3%) and Woori Financial Group (-1.3%) also fell. Hyosung Heavy Industries, meanwhile, rose 13.3%, while Hyundai Glovis gained 11.2%, Hanwha Ocean 9.8%, Samsung Heavy Industries 7.8%, HD Korea Shipbuilding & Offshore Engineering 7.5%, LS ELECTRIC 7.3%, Hanwha Aerospace 6.3% and SK Square 5.9%.

The KOSDAQ also closed higher, rising 1.38% from the previous trading day to 734.36. By investor group, foreign investors and individual investors were net sellers of KRW 32.2 billion and KRW 26 billion, respectively. Institutions, meanwhile, were net buyers of KRW 62.3 billion.

Among companies with large market capitalizations, results were mixed. Pearl Abyss (-6.8%), FADU (-1.6%), PSK Holdings (-1.5%), Voronoi (-1.5%), PSK (-1.2%) and Seongho Electronics (-1.1%) fell. Wonik Holdings rose 9.6%, while SIMMTECH gained 6%, Park Systems 5.9%, ISC 5.7%, PharmaResearch 4.9%, HLB 4.2% and Hana Micron 4%.

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