Our stock market continued to rise for the third day amid growing political instability due to the development of impeachment after the shock of 'emergency martial law'.
Institutions and individuals are supporting the index with net purchases, and the market sees market jitters calming down little by little.
Reporter Ryu Hwan-hong reports.
[Reporter]
The KOSPI rose for the third day as institutions supported the index despite net selling by individuals and foreigners.
The KOSPI started 0.58% higher and briefly fluctuated after Yoon Suk Yeol's announcement of the statement, but rose 1.62% to close at 2,482.12.
Individuals and foreigners sold a net 270 billion won, but institutions bought a net 150 billion won, preventing the index from falling.
On the news that the Nasdaq index rose to 20,000 for the first time in history on the New York Stock Exchange, domestic technologies such as Samsung Electronics, SK Hynix, and LG Energy Solution also recorded a significant increase.
The KOSDAQ index started 0.75% higher and fluctuated again after Yoon's statement, but later recovered its fall and closed 1.1% higher at 683.35.
Institutions and foreigners net sold about 140 billion won, but individuals netted more than 140 billion won, pushing the index higher.
In the market, while institutional investors are struggling to defend the market, individual investors' anxiety is also gradually calming.
[Yum Seung-hwan / Director of LS Securities: Individual investors just sold too many stocks out of fear this Monday, and that was the peak of selling in a way. Since then, the sentiment of any supply and demand and individual investors in the market has calmed down a little bit, and the stock market is now recovering little by little.]
However, the exchange rate remained shaky throughout the day.
In the Seoul foreign exchange market, the won-dollar exchange rate started at 1,429.1 won and fluctuated slightly around 1,430 won, failing to fall below 1,420 won.
I'm YTN's Ryu Hwan Hong.
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