Domestic stock markets rebounded from early losses to close higher. The KOSPI index initially fell over 3%, starting below the 5,500 mark, but recovered to surpass 5,700, driven by institutional buying. The KOSDAQ also rose by more than 1%, reclaiming the 800 level.
On October 19, the Korea Exchange reported that the KOSPI closed at 5,768.01, up 99.96 points (1.76%) from the previous trading day. The index opened at 5,488.41, down 179.64 points (3.17%) from the prior day, but reversed its losses during the session.
In the securities market, institutions led the index's rise with a net purchase of 574.8 billion won. In contrast, individual investors and foreigners sold a net 1.086 trillion won and 36.5 billion won, respectively.
Most large-cap stocks showed strength. Samsung Electronics rose by 1.16%, while SK Hynix increased by 0.39%. LG Energy Solution surged by 7.20%, and Hyundai Motor climbed by 4.49%. Notably, Samsung Biologics jumped by 9.94%, marking a significant gain.
Other gainers included Samsung Electronics Preferred (2.21%), KB Financial (1.69%), and Samsung Life (2.52%). However, SK Square (-0.51%) and Samsung Electro-Mechanics (-1.52%) experienced declines.
The KOSDAQ index closed at 808.89, up 14.11 points (1.78%) from the previous day. It also started lower at 773.06, down 2.73%, before turning upward during the session.
In the KOSDAQ market, institutions and individuals bought a net 66.8 billion won and 64.2 billion won, respectively, while foreigners sold a net 143.8 billion won.
Among large-cap stocks, EcoPro surged by 11.19%, and EcoPro BM rose by 8.33%. Other gainers included Rainbow Robotics (7.23%), HLB (3.00%), Samchundang Pharm (2.93%), and Alteogen (2.14%). Conversely, Iot Technics (-2.34%), Rino Industry (-1.98%), Juseong Engineering (-0.48%), and Wonik IPS (-0.46%) saw declines.
The day's gains are attributed to institutional buying amid perceptions of excessive losses following recent declines. However, the KOSPI still faces supply concerns, as individuals sold over 1 trillion won and foreigners maintained a selling trend.
* This article has been translated by AI.
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