[Closing Market] KOSPI Edges Up As Retail Investors Hold Market
On Sept. 3, the domestic financial market closed in a pausing pattern after showing a mixed trend in which global negative factors and low-end buying following the previous day’s plunge were tightly opposed. External anxiety factors, such as intensifying geopolitical risks and volatility in U.S. Tre
The Seoul stock exchange, known as the KOSPI, experienced a slight increase on September 3, despite global negative factors and volatile trading. Individual investors contributed to the market's resilience, net buying 159.1 billion won (approximately $116.9 million), while foreign and institutional investors' combined selling pressure amounted to 149.1 billion won.
The KOSPI index closed at 6,582.06 points, a gain of 19.34 points (0.29%) from the previous day's closing of 6,562.72 points. Although the KOSDAQ index rebounded slightly after a sharp decline the day before, net selling by foreign and institutional investors limited upward momentum. Major top stocks, particularly in the semiconductor sector, showed varying trends.
Samsung Electronics and SK Hynix both experienced slight gains, while financial and biotechnology sectors exhibited relative strength with KB Financial Group and Samsung Biologics showing upward momentum. The won-dollar exchange rate closed at 1359.3 won, a decline of 9.4 won from the previous day, influenced by global currency intervention concerns and fluctuations in the dollar index.
Experts predict that despite today's modest market increase, external uncertainties will continue to impact the KOSPI's trajectory, with large-cap stocks dominating the market landscape and short-term volatility management advised.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
