South Korean Stocks Rise

The KOSPI rose for 7 consecutive trading days, reaching 2,300 on the 27th.

The KOSPI closed at 2,299.30, up 6.09 points (0.27%) from the previous trading day.

The KOSPI has risen seven consecutive trading days since the 17th. It’s risen for seven consecutive trading days since last July 8th to 24th in 8 trading days.

The index jumped 4.11 points (0.18%) from the previous trading day to 2,297.32.

The KOSPI has exceeded 2,300 for the first time in 11 trading days since August 9.

Foreign investors net bought KRW236.6 billion on the securities market on the same day. Net buying for five trading days.

On the other hand, individuals and institutions sold KRW242.4 billion and KRW41.4 billion, respectively.

Samsung Electronics (0.33 percent), SK Hynix (2.08 percent), POSCO (1.88 percent), LG Chemical (1.64 percent) and NAVER (1.45 percent) rose. Celltrion (-0.54 percent) (-0.76%), Hyundai Motor (-0.40%), Samsung C & T (-1.21%) and Hyundai Mobis (-0.86%).

The KOSDAQ index closed at 801.04, up 2.81 points or 0.35 percent from the previous trading day.

The index was up 1.06 points (0.13%) from the previous trading day to 799.29.

It was only a month since July 18 that the KOSDAQ closed at over 800 lines.

In the KOSDAQ market, foreigners and institutions net bought KRW 39 billion and KRW 77.4 billion, respectively, and individuals sold KRW 18.8 billion.

Among the top market players are CJ ENM (2.82%), Shilla Zen (2.00%), Meditox (3.95%), POSCO Chemtech (10.06%), Pearl Abies (2.13%) and Studio Dragon (-1.59%), Nanos (-3.85%), HI Libby (-3.97%) and Viromed (-0.14%).

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