[Apha Biz=(Chicago) Reporter Paul Lee] The KOSPI hit a year-high on the 1st as foreigners and institutions began buying.

The KOSPI finished at 2667.07, up 34.49p (1.31%) from the previous day. It is the first time in about a year and two months that the index has hit 2,660 units since early June last year.

The KOSPI started at 2644.34, up 11.76p (0.45%) from the previous day.

Foreigners and institutions bought a net KRW 199.9 billion and KRW 330.4 billion, respectively, driving the index's rise. On the other hand, individuals sold a net 549.9 billion won.

The won/dollar exchange rate on the Seoul foreign exchange market closed at 1283.8 won, up 9.2 won from the previous trading day's close.

The KOSPI reached its annual high of 2667.79 earlier in the day, but fell to the early 2,650s after top secondary battery stocks such as LG Energy Solutions, POSCO Holdings and POSCO Future M fell.

However, in the afternoon, foreign and institutional buying made up for the decline and turned upward to write a new record.

The KOSDAQ index rose 3.70p (0.40%) from the previous day to 939.67 after repeating fluctuations in steadiness at the beginning of the opening.

On the KOSDAQ market, individuals bought a net KRW 439.2 billion worth of stocks, driving the index's rise. Foreigners and institutions sold a net 228.5 billion won and 188.3 billion won worth of stocks, respectively.

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