KOSPI opens higher, above 3450… Foreigners and institutions 'buy'

The KOSPI index opened higher on the 1st, briefly surpassing the 3450 level shortly after the open.

According to the Korea Exchange, as of 9:14 a.m. the KOSPI was trading at 3450.4, up 25.8 points (0.75%) from the previous day. The index opened at 3444.06, up 19.46 points (0.57%).

On the KOSPI market, foreign investors and institutional investors are net buyers of 108.8 billion won and 38.8 billion won, respectively. Individual investors are net sellers of 154.6 billion won.

Samsung Electronics and SK Hynix are up in the 1% and 2% ranges. Doosan Enerbility and HD Korea Shipbuilding & Offshore are also rising by more than 2%.

The KOSDAQ index was at 847.77, up 5.78 points (0.69%). The index opened at 846.32, up 4.33 points (0.51%).

Individual and institutional investors are net buyers of 8.6 billion won and 3.7 billion won, respectively. Foreign investors are net sellers of 11.1 billion won.

On the KOSDAQ market, leading stock Alteogen is up in the 1.6% range. RigaChem Bio and ABL Bio are showing strength in the 1% and 2% ranges. Kolon TissueGene is down in the 2% range.

The won–dollar exchange rate opened at 1404.2 won, up 1.3 won.

Min-kyung Shin, Hankyung.com reporter radio@hankyung.com