South Korean stocks rise the most ever due to short selling ban...Composite index recovers above 2500 level

On the 6th, when South Korea's financial authorities completely banned short selling, the Seoul Market Composite Stock Price Index (KOSPI) rose 134 points, the highest ever, and quickly recovered to the 2,500 level.
On this day, the KOSPI ended at 2502.37, a sharp increase of 5.66% (134.03 points) from the previous day. The increase (134.03 points) is the largest ever, the increase rate (5.66%)
is 46th on the all-time list, the highest since March 25, 2020. It started at 2399.80, an increase of 31.46 points (1.33%) from the previous session, and expanded its rise since September 22 last year.
Sales exceeded 2,500 units for the first time in about a month. On the same day, on the Seoul foreign exchange market, the exchange rate of the won against the dollar plummeted by 25.1 won from the previous trading day, closing at 1,297.3 won.
I got it. Based on the closing price, this is the lowest price in three months since August 1st (1,283.80 won). In the securities market, foreigners and institutional investors bought 711.1 billion won and 204.8 billion won, respectively.
This pushed up the index. Individual investors were net sellers worth 917.5 billion won. The amount of net purchases by foreigners was the largest since May 26 of last year (911.2 billion won).
On this day, a complete ban on short selling went into effect, and stocks with the highest short sales rose sharply, leading the index to rise. Lee Kyung-min, a researcher at Daewoo Securities, said, ``Last week's U.S. employment statistics were disappointing.
However, today's domestic stock market
``The biggest hot topic was a complete ban on short selling,'' he said, adding, ``In addition to over-perceptions of the extent of the decline, the index has soared, especially in secondary batteries, which had a large amount of short sales during the index decline. The rise of
"I coded it," he explained. 746 stocks rose, the most in 10 months since January 9 of last year (799 stocks). By industry, chemicals (8.16%), pharmaceuticals (4.84%)
, machinery (5.20%) and most other industries rose. The emerging stock market KOSDAQ index also jumped 57.40 points (7.34%) from the previous session to close at 839.45. The index is
After opening at 794.49, up 12.44 points (1.59%) from the previous trading day, the rate of increase widened. This day's increase (57.40 points) was the highest since January 22, 2001.
It was the highest value in about 22 years. As the future and spot prices of 150 Kosdaq stocks soared, the Korean exchange suspended the effectiveness of sell orders for 5 minutes at 9:57 a.m. on the same day.
was activated for the first time in three years and five months. Foreigners made net purchases of 470.2 billion won in the KOSDAQ market, pushing up the index. Individuals and institutional investors amounted to 487.6 billion won and 6.3 billion won, respectively.
I sold 100,000 won. On the 3rd of this month, foreigners net-sold 118 billion won, but on this day they turned to net-buying. 1257 stocks rose, currently being traded on the KOSDAQ market.
This accounted for 77% of the total (1624 stocks). On this day, the trading value of the securities market and KOSDAQ market reached 15.076 trillion won and 11.27 trillion won, respectively.