KOSPI jumps 4.4%; foreign and institutional net buying hits 853 billion won

The KOSPI rose 4.39% to 5,239.13 on Tuesday, with foreign and institutional investors net buyers of shares. The benchmark gained 220.28 points.

Hana Bank’s dollar reference rate in the Nov. 10 market-data snapshot was 1,337.5 won, compared with 1,342.0 in the preceding observation.

Among individual stocks, LG Energy Solution rose 3.93% to 330,500 won, while Celltrion fell 3.33% to 203,000 won. These prices and the index levels are KRX regular-session closes for Nov. 10.

Who bought the rally?

Foreign investors bought a net 364.1 billion won of KOSPI shares, while institutions purchased a net 488.9 billion won. Their combined net buying totalled 853 billion won. Individuals sold a net 1.3415 trillion won, according to provisional KRX figures carried by Naver Pay Securities after the close.

On the KOSDAQ, the index rose 4.48%, or 28.64 points, to 667.61. Institutions were net buyers of 214.9 billion won, while foreigners sold a net 147.5 billion won and individuals sold a net 56.1 billion won. Those figures were also provisional, released after the close.

What was the AI-investment argument?

Separately, in a Nov. 9 report, iM Securities economist Park Sang-hyun argued that delays in data-centre construction could slow AI investment growth without ending the investment boom.

The US Bureau of Labor Statistics is scheduled to release October consumer price index data at 22:30 KST on Nov. 10, equivalent to 08:30 US Eastern Time.