[Korean Stock Market Closing行情] Korea Composite Stock Price Index and KOSDAQ Index rise for two consecutive days… Electronics, Electrical, and Pharmaceutical sectors strengthen

South Korea Market Briefing for March 29 shows that the KOSPI index has risen for two consecutive days, closing at 4220.56 points. Despite weak overseas stock markets over the weekend, the stock market opened higher, with investment warnings lifted for leading market cap stocks and capital inflows centered on electrical and electronic stocks. The index rose by 2.20%, closing above 4200 points.

By industry, performance was mixed, with large-cap(+2.5%), mid-cap(-0.0%), and small-cap(-0.9%) showing differences. Notably, metals(+3.5%), electrical·electronics(+3.3%), IT services(+3.1%), and transportation equipment·parts(+3.0%) performed strongly. By investor type, foreigners net bought 3,316 billion KRW, while institutions and retail investors net sold 2,869 billion KRW and 84 billion KRW, respectively.

The KOSDAQ index rose for two consecutive days, closing at 932.59 points, up 1.40%. Despite weak performance of the Nasdaq over the weekend, the index increased driven by strength in sectors like pharmaceuticals and inflows from retail and foreign investors. By industry, pharmaceuticals(+2.9%), metals(+2.6%), transportation equipment·parts(+2.3%) performed well. By investor category, retail investors and foreigners net bought 1,515 billion KRW and 903 billion KRW, respectively, while institutions net sold 1,689 billion KRW.

Meanwhile, the Korean won/US dollar exchange rate strengthened for four consecutive days, closing at 1,432.0 KRW (down 10.2 KRW); international oil prices(WTI) rose after three days, trading at $57.37 per barrel (up 1.11%). In overseas markets, the US Dow Jones index fell 0.04%, Nasdaq declined 0.1%; Germany’s DAX rose 0.2%, Japan’s Nikkei index fell 0.4%, China’s Shanghai Composite rose 0.04%, and Hong Kong’s Hang Seng index declined 0.6%.