On the morning of the 29th, the KOSPI index surpassed the 2,700 mark thanks to net purchases by foreign and institutional investors. This is the first time in about nine months since Aug. 27 of last year.
On the morning of that day, the Monetary Policy Committee of the Bank of Korea lowered the benchmark interest rate by 0.25 percentage points, improving investor sentiment. With early voting beginning, expectations for the next government's revitalization of the stock market are also being reflected in the market. Additionally, news that a U.S. federal court blocked the implementation of the reciprocal tariff from the Trump administration has contributed to a recovery in investor sentiment.
As of 11:35 a.m. that day, the KOSPI index recorded 2,713.83, up 43.68 points (1.64%) from the previous day. In the securities market, institutions and foreigners are buying 4.189 trillion won and 1.041 trillion won worth of stocks, respectively. Individuals are net selling 536 billion won.
Most of the top stocks by market capitalization in the securities market are on the rise. Thanks to the stock market stimulus policies of major presidential candidates, stocks in the financial sector such as Mirae Asset Securities, KB Financial Group, Shinhan Financial Group, Meriz Financial Group, Hana Financial Group, and Woori Financial Group are strong.
At the same time, the KOSDAQ index recorded 734.15, up 5.36 points (0.74%) from the previous day. In the KOSDAQ market, individuals and institutions are net buying 21.9 billion won and 34.1 billion won, respectively, driving the index higher. In contrast, foreigners are net selling 51.8 billion won.
The top stocks by market capitalization in the KOSDAQ show mixed performances. Stocks of Alteogen, Ecopro, ECOPRO BM, HLB, and Rainbow Robotics are rising. However, stocks of CLASSYS, SME, and ABL Bio are struggling.
In the Seoul foreign exchange market, the exchange rate of the won against the U.S. dollar rose by 7.6 won from the previous trading day to 1,382.6 won at the same time.