May 10, 2021

The purchases of foreign investors keep the Seoul Stock Exchange on the rise

The purchases of foreign investors keep the Seoul Stock Exchange on the rise



The Seoul Stock Exchange rose for the third consecutive day thanks to the persistent appetite of foreign investors ahead of a long-awaited meeting this week between US presidents. and China, according to local analysts.

The Kospi indicator of the South Korean market closed today with a rise of 8.80 points, 0.42%, to stand at 2,108.22 units.

On the other hand, the Kosdaq technology index fell 0.55 points, 0.08%, to 700.12 points.

The parquet remained in good spirits in the hope that this week's summit in the framework of the G20 meeting in Buenos Aires of Donald Trump and Xi Jinping will help to alleviate the commercial conflict between the two main economies of the world.

To the copious acquisitions of foreigners was also joined the willingness of the institutional participants.

Between both they were made with a net of about 146,900 million won (about 115 million euros / 130 million dollars), concentrated mainly in the great values ​​of the technological sector.

Samsung Electronics, the most capitalized asset in the Kospi, rose 0.23% and chip maker SK Hynix rose 1.55%.

State power company KEPCO climbed 3.18% in turn.

However, South Korea's main carmaker Hyundai Motor closed flat, and the country's largest steelmaker, POSCO, was down 1.43%.

The South Korean currency gained 2.9 units against the dollar, which was trading at 1,126.5 won at the close of trading today.

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