[Korean Stock Market Closing行情] The Korea Composite Stock Price Index has closed higher for 8 consecutive trading days... Power, Gas, and Military industries are strengthening, while the Kosdaq Index has shifted from gains to decline.

South Korea Stock Market Briefing for March 13 shows that the KOSPI has risen for 8 consecutive days, closing at 4692.64 points. Influenced by the strong overseas stock markets the previous day, the stock market opened higher, and during the session, with institutional buying inflows, sectors related to secondary batteries and military industries performed strongly, rising by 1.47%.

By industry, sectors such as Electric·Gas (+7.9%), Metals (+7.5%), Transportation Equipment·Parts (+6.8%), and IT Services (+3.4%) performed strongly. Large-cap stocks (+1.6%), Mid-cap stocks (+0.8%), and Small-cap stocks (+0.2%) all generally gained across the industry. By investor type, institutional net buy was 7.88 trillion KRW, while foreign investors and individual investors net sold 2.789 trillion KRW and 7.125 trillion KRW respectively.

KOSDAQ turned to decline after 3 days, closing at 948.98 points. Although it opened higher influenced by the strong overseas stock markets the previous day, during the session, foreign investors and institutions jointly sold off in the General Services and Pharmaceuticals sectors, resulting in a decline of 0.09%. By industry, Pharmaceuticals (-2.5%), General Services (-1.9%), and Textiles·Apparel (-1.8%) showed weakness. By investor category, individual investors net bought 3.354 trillion KRW, while foreign investors and institutions net sold 1.79 trillion KRW and 1.449 trillion KRW respectively.

On the other hand, the Korean Won/US Dollar exchange rate weakened for 8 consecutive days, closing at 1474.2 KRW; international oil prices (WTI) rose for 4 consecutive days, trading at $59.89 per barrel. The 3-year and 10-year government bond yields increased by 2.3 basis points and 2.5 basis points respectively, to 3.005% and 3.411%.

In overseas stock markets, the US Dow Jones Industrial Average rose by 0.2%, and the Nasdaq Composite increased by 0.3%; the Japanese Nikkei Index rose by 3.1%. China’s Shanghai Composite Index fell by 0.7%, while Hong Kong’s Hang Seng Index rose by 0.6%.

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