Ants net purchased KOSPI 7.5 trillion in one week

On the 6th, the KOSPI index closed at 4026.45, up 0.55%. There was an influx of low-priced buyers due to the perception that the ‘artificial intelligence (AI) bubble concerns’ that served as an excuse for the previous day’s drop were excessive. The sharp rise in the stock prices of semiconductor companies such as Micron Technology and AMD on the US stock market last night also had an impact.

As the stock market regained stability, the won-dollar exchange rate in the Seoul Foreign Exchange Market ended weekly trading at 1,447 won and 70 won, down 1 won and 70 won from the previous day. Lee Jae-won, a researcher at Shinhan Investment & Securities, explained, “The 4,000 line was supported as net buying by ‘Donghak ants’ continued while foreign net selling continued.”

It was individual investors who raised the index that day. A total of 884 billion won worth of shares were purchased in the stock market. Over the past week, net purchases amounted to 7.499 trillion won.