Foreigners and institutional buying...KOSPI, KOSDAQ start 1% higher

The KOSPI and KOSDAQ indexes started higher by more than 1%.

The KOSPI opened 1.27 percent higher at 2,528.56 amid net buying by foreigners and institutions.

The KOSDAQ index is also on the rise, starting at 721.61, up 1.41% on net buying by foreigners and institutions.

In the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,455 won, down 6.2 won, and has been fluctuating slightly.