KOSPI retakes the 7,000 mark for the first time in 15 sessions
Translated from Korean and summarized by DistantNews. Read the original for the full story.
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- The KOSPI opened 0.71% higher at 7,045.79 and climbed as high as 7,095.68 during early trading.
- Institutional investors bought 174.5 billion won in stocks, while foreign investors and retail traders sold shares.
- Semiconductor leaders Samsung Electronics and SK hynix gained 0.74% and 2.97%, respectively, in morning trading.
South Korea’s KOSPI reclaimed the 7,000 level during trading on the 8th, marking the first time since the 18th of last month, or 15 trading sessions.
The index opened at 7,045.79, up 0.71% from the previous session, and rose to 7,095.68 early in the day. At 9:40 a.m., it stood at 7,051.61. Institutional investors led the advance with net purchases worth 174.5 billion won, while foreign investors and individual investors sold 73.8 billion won and 277.7 billion won, respectively.
The tech-heavy Kosdaq opened 0.35% higher at 825.03, but had slipped to 821.22 by 9:45 a.m. The KOSPI’s recovery was attributed to continued momentum in semiconductor stocks while the New York Stock Exchange was closed.
Samsung Electronics, the leading semiconductor stock, traded 0.74% higher at 272,000 won at 9:41 a.m. SK hynix rose 2.97% to 1.831 million won at the same time.
About this summary
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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