Kospi Edges Up on 168.2 Billion Won of Net Foreign Buying, Swings Around 6,000

South Korea’s Kospi was marginally higher in early trading on October 29, supported by foreign buying. The benchmark briefly fell below the 6,000 level after the open before recovering.

As of 9:04 a.m., the Kospi was up 2.55 points, or 0.04%, at 6,014.99 from the previous session. The index opened 4.78 points, or 0.08%, higher at 6,017.22. It then climbed to as high as 6,023.85, slid to 5,987.55 and regained the 6,000 mark.

Foreign investors were net buyers of 168.2 billion won on the main board. Institutions and individuals were net sellers of 132.8 billion won and 31.6 billion won, respectively.

Despite the index gain, decliners outnumbered advancers. At the same time, 249 stocks rose while 540 fell.

The Kosdaq was weaker as foreign and institutional investors both sold. The index fell 4.40 points, or 0.57%, to 766.88. Individuals were net buyers of 17.1 billion won, while foreign and institutional investors were net sellers of 3.2 billion won and 7.7 billion won, respectively.

The won-dollar exchange rate fell 3.60 won from the previous session to 1,339.90 won per dollar.