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KOSPI index shows great daily performance

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The KOSPI index, which started lower on the 27th than the previous trading day, ended up slightly higher due to institutional selling.

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KOSPI closed at 3133.90, up 5.37 points (0.17%) from the previous day. In the morning, the index opened at 3116.29, down 12.24 points (0.39%) from the previous day, but it also reached 3143.01 at one point in the day.

The day before, it fell 18.28 points (0.58%) over four trading days, but rebounded the next day.

Foreigners and individuals sold stock market shares worth 371.7 billion won and 343.6 billion won, respectively, pushing the index down, but institutions bought 730.9 billion won worth of shares, locking in the decline.

Among the top companies by market capitalization, Celltrion (3.51%), Kakao (0.33%) and Kakao Bank (0.48%) ended the session higher than the previous session.

In contrast, the two leading semiconductor stocks, Samsung Electronics (-0.40%) and SK Hynix (-0.48%) all closed lower, while Naver (-0.83%), Samsung Biologics (-0.73%), LG Chem (-0.63%), and Hyundai Motor (-0.63%) also fell all at once, ending the trade.

Medical precision (1.83%), securities (1.29%), paper and wood (1.24%), textile and apparel (1.00%) and pharmaceuticals (0.88%), machinery (0.69%) and construction all posted a 1% increase.

Steel and metals (-0.87%), telecommunications (-0.84%) and electrical and electronics (-0.28%) lagged. Additionally, the large-cap KOSPI index closed at 3023.65, down 1.82% from the previous day.

On the KOSDAQ market, institutions that showed a net buying trend sold 58.6 billion won. Foreigners also sold 94 billion won in the KOSDAQ market, and bought 175.5 billion won individually.

The KOSDAQ index also closed at 1023.51, up 3.07 points (0.30%) from the previous day.

For MetaNews.

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Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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