Refer Report
The domestic stock market, which plunged the previous day due to fears of an economic downturn in the U.S., is continuing its recovery by rebounding in just one day.
As of 10:00 AM on the 5th, KOSPI is recording 2613.97, up 1.29%. It started at 2598.36, up 17.56 points from the previous day’s closing price, and is increasing its gains. KOSDAQ is also recording 739.82, up 1.10%. Foreigners are still selling, but individual investors are leading the buying.
The rebound on this day is interpreted as a backlash buying after the previous day’s decline was too large. Last night, at the New York Stock Exchange, the Dow Jones Industrial Average rose 0.09%, the S&P 500 index fell 0.16%, and the Nasdaq index fell 0.3%, showing a mixed trend. It seems that the fear of an economic recession has subsided, and the domestic stock market, which had fallen significantly the previous day, is rebounding significantly. The previous day, the KOSPI fell 3.15%, and the KOSDAQ index also fell 3.76%.
As of 10:20 AM today, SK Hynix is trading at 161,600 won, up 4.39%, and Samsung Electronics is trading at 75,000 won, up 0.71%. Hanmi Semiconductor is also trading at 102,700 won, up 1.68%. In addition, stocks with the highest market capitalization, such as LG Energy Solution (4.13%), Hyundai Motor (0.43%), Kia (2.00%), and KB Financial (0.72%), are rising.
Reporter Noh Ji-won zone@hani.co.kr
Source: Korean