The KOSPI index closed up 0.97% on the 27th, gaining 65.13 points to finish at 6,755.75, driven by strong buying from individual and institutional investors. Individual investors net purchased ₩1.9787 trillion worth of stocks, while institutions bought ₩859.4 billion, offsetting ₩2.8808 trillion in net sales by foreign investors. Despite ongoing volatility, market analysts maintain that the Korean stock market has entered a mid-term bottom zone from both valuation and technical perspectives.
KOSPI Gains 0.97% as Domestic Investors Counter Foreign Selling
According to Yonhap Infomax New Stock Composite (screen number 3536) on the 27th, the KOSPI index recorded 6,755.75, up 65.13 points (0.97%) from the previous trading day. Individual investors showed a buying advantage of ₩1.9787 trillion, and institutions recorded ₩859.4 billion in net purchases. Only foreign investors recorded a selling advantage of ₩2.8808 trillion.
![KOSPI trading board display at Hana Bank dealing room in Seoul on the 27th]()
KOSPI trading board display at Hana Bank dealing room in Seoul on the 27th. Photo: Yonhap News
Naver Surges 8.43% on Nvidia Stake Acquisition Disclosure
Performance among top market capitalization stocks in the securities market was mixed. Samsung Electronics and SK Hynix rose 1.8% and 3.24% respectively. Naver surged 8.43% following a disclosure on the 27th that Nvidia acquired a stake in the company. In contrast, SK Square and Samsung Life Insurance showed weakness of 1% and 2% respectively. Hanwha Aerospace fell 8.17%.
KOSDAQ Rises 2.22% Led by Technology Stocks
The KOSDAQ index rose 2.22%. The index briefly recovered the 780 level in early trading. Institutions showed a buying advantage of ₩272.8 billion, while individuals and foreigners showed selling advantages of ₩144 billion and ₩129.5 billion respectively.
Top market capitalization stocks in the KOSDAQ market rose uniformly. Leading stock Alteogen (3.83%), along with EcoPro (3.2%), EcoPro BM (2.03%), Rainbow Robotics (6.57%), Jusung Engineering (6.31%), and Wonik IPS (5.47%) showed strength.
Analyst: Korean Stocks Enter Mid-Term Bottom Despite Volatility
Securities firms view that while it will take time for the market to show a clear direction, the upward trend remains valid. Han Ji-young, a researcher at Kiwoom Securities, stated, "Although the volatility of the domestic market continues to exceed the normal range, the premise that it has entered a mid-term bottom from valuation and technical perspectives has not been undermined." Han added, "The key is how much rebound energy can be secured going forward."
FAQ
What caused the KOSPI to rise 0.97% on the 27th?
The KOSPI gained 65.13 points to close at 6,755.75 on the 27th, driven by individual investors' net purchases of ₩1.9787 trillion and institutional buying of ₩859.4 billion, which offset ₩2.8808 trillion in foreign selling.
Why did Naver stock surge 8.43% on the 27th?
Naver surged 8.43% following a disclosure on the 27th that Nvidia acquired a stake in the company.
What is the outlook for Korean stocks according to Kiwoom Securities?
Kiwoom Securities researcher Han Ji-young stated that despite volatility exceeding the normal range, the premise that the domestic market has entered a mid-term bottom from valuation and technical perspectives remains intact, with the key being how much rebound energy can be secured going forward.
