[Closing Market] KOSPI Settles Above 6,910 on Foreign, Institutional Buying
On Aug. 27, the domestic stock market closed on a positive note, showing a steep upward trend driven by the combined buying momentum of foreign and institutional investors. Continuing its rally from the previous day, the KOSPI index successfully settled into the 6,910 level as expectations ahead of
On August 27, the KOSPI stock market experienced a positive closing trend, driven by foreign and institutional investments. The index reached the 6,910 mark as anticipation surrounding Nvidia's AI semiconductor earnings announcement and extensive purchasing by other companies surged. Both KOSPI and KOSDAQ markets began the trading session with upward momentum, supported by prominent large-cap stocks like Samsung Electronics and SK Hynix.
The KRW/USD exchange rate settled in the low 1,380 won range, dipping marginally after the Bank of Korea's interest rate decision. The KOSPI closed at 6,912.37, up 1.53% from the prior day, while intraday trading saw it peak at 6,996.12, aiming to reach the 7,000 level. However, profit-taking late in the session stabilized the gains at 6,910.
The KOSDAQ index closed at 837.65, up 1.30% from the previous session. Foreign and institutional buying, particularly from semiconductors and IT stocks, propelled the market higher. In contrast, individual investors sold off shares, contributing to the overall upward trend. Samsung Electronics and SK Hynix led the market, buoyed by global AI semiconductor developments, while LG Energy Solution and Samsung SDI showed gains due to anticipated demand recovery in North America.
Key financial stocks like KB Financial Group and Shinhan Financial Group also rose, supported by expectations of stable dividends. The won/dollar exchange rate closed at 1,380.9 won, slightly down from the previous day, as foreign stock purchases and the weakened global dollar exerted a positive impact.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
