On October 2, the KOSPI extended its rally climbing above the 3,560 mark for the first time as investors piled into large-cap semiconductor stocks ahead of the Chuseok holiday.
As of 11:08 a.m., the benchmark index was up 104.32 points, or 3.02%, at 3,560.15. The KOSPI opened 69.65 points, or 2.02%, higher at 3,525.48, immediately surpassing both its previous record closing high of 3,486.19 on September 23 and the intraday peak of 3,497.95 set on September 24. It rose as high as 3,530.95 earlier in the session.
In the main bourse, foreign investors and institutions net bought 1.36 trillion won and 412.8 billion won worth of shares, respectively, while retail investors offloaded 1.74 trillion won. Foreigners were also net buyers of 63.6 billion won in KOSPI200 futures.
Overnight, Wall Street closed higher for the fourth straight session. On October 1 (local time), the Dow Jones Industrial Average added 43.21 points, or 0.09%, to 46,441.10. The S&P 500 gained 22.74 points, or 0.34%, to 6,711.20, while the Nasdaq Composite advanced 95.15 points, or 0.42%, to 22,755.16. Both the S&P 500 and Dow ended at record highs, with the S&P hitting an intraday all-time peak.
Despite the U.S. federal government shutdown, optimism that the closure would be temporary, combined with expectations of pharmaceutical tariff exemptions, helped bolster investor sentiment. Among mega-cap U.S. tech firms valued above $1 trillion, all except Meta rose. Oracle surged 2.76%, regaining an $800 billion market cap, while Intel jumped more than 7%.
The upbeat sentiment spilled over into Korea, where semiconductor heavyweights led the rally. Samsung Electronics (005930) touched 90,000 won during intraday trading, marking a fresh milestone, while SK hynix (000660) crossed 400,000 won for the first time. Samsung was trading up 4.65% at 90,000 won, and SK hynix jumped 11.25% to 400,500 won.
Among other large-cap stocks, LG Energy Solution (373220) rose 0.86%, Samsung Biologics (207940) added 1.00%, and Hanwha Aerospace (012450) gained 1.09%, while HD Hyundai Heavy Industries (329180) slipped 1.14%.
By sector, electrical and electronics surged 5.53%, distribution climbed 3.10%, precision instruments rose 2.28%, and securities advanced 4.54%. On the downside, food and beverages fell 0.98% and construction slid 0.69%.
Kim Seok-hwan, an analyst at Mirae Asset Securities, said, “The KOSPI broke above 3,500 for the first time, and SK hynix set a record high, marking what can be called a ‘semiconductor day.’ Strong foreign net buying of over 1 trillion won in early trading lifted the index sharply.”
At the same time, the KOSDAQ was up 6.89 points, or 0.82%, at 852.23, after opening 8.06 points, or 0.95%, higher at 853.40.
On the junior index, retail investors were net buyers of 33.7 billion won, while foreigners and institutions sold 6.9 billion won and 16.7 billion won, respectively. Alteogen (196170) gained 1.97%, EcoPro BM (247540) rose 1.87%, Peptron (087010) added 0.33%, and EcoPro (086520) advanced 1.59%, while Rainbow Robotics (277810) slipped 0.33% and PharmaResearch (214450) dropped 3.70%.
On October 2, the KOSPI extended its rally climbing above the 3,560 mark for the first time as investors piled into large-cap semiconductor stocks ahead of the Chuseok holiday.
As of 11:08 a.m., the benchmark index was up 104.32 points, or 3.02%, at 3,560.15. The KOSPI opened 69.65 points, or 2.02%, higher at 3,525.48, immediately surpassing both its previous record closing high of 3,486.19 on September 23 and the intraday peak of 3,497.95 set on September 24. It rose as high as 3,530.95 earlier in the session.
In the main bourse, foreign investors and institutions net bought 1.36 trillion won and 412.8 billion won worth of shares, respectively, while retail investors offloaded 1.74 trillion won. Foreigners were also net buyers of 63.6 billion won in KOSPI200 futures.
Overnight, Wall Street closed higher for the fourth straight session. On October 1 (local time), the Dow Jones Industrial Average added 43.21 points, or 0.09%, to 46,441.10. The S&P 500 gained 22.74 points, or 0.34%, to 6,711.20, while the Nasdaq Composite advanced 95.15 points, or 0.42%, to 22,755.16. Both the S&P 500 and Dow ended at record highs, with the S&P hitting an intraday all-time peak.
Despite the U.S. federal government shutdown, optimism that the closure would be temporary, combined with expectations of pharmaceutical tariff exemptions, helped bolster investor sentiment. Among mega-cap U.S. tech firms valued above $1 trillion, all except Meta rose. Oracle surged 2.76%, regaining an $800 billion market cap, while Intel jumped more than 7%.
The upbeat sentiment spilled over into Korea, where semiconductor heavyweights led the rally. Samsung Electronics (005930) touched 90,000 won during intraday trading, marking a fresh milestone, while SK hynix (000660) crossed 400,000 won for the first time. Samsung was trading up 4.65% at 90,000 won, and SK hynix jumped 11.25% to 400,500 won.
Among other large-cap stocks, LG Energy Solution (373220) rose 0.86%, Samsung Biologics (207940) added 1.00%, and Hanwha Aerospace (012450) gained 1.09%, while HD Hyundai Heavy Industries (329180) slipped 1.14%.
By sector, electrical and electronics surged 5.53%, distribution climbed 3.10%, precision instruments rose 2.28%, and securities advanced 4.54%. On the downside, food and beverages fell 0.98% and construction slid 0.69%.
Kim Seok-hwan, an analyst at Mirae Asset Securities, said, “The KOSPI broke above 3,500 for the first time, and SK hynix set a record high, marking what can be called a ‘semiconductor day.’ Strong foreign net buying of over 1 trillion won in early trading lifted the index sharply.”
At the same time, the KOSDAQ was up 6.89 points, or 0.82%, at 852.23, after opening 8.06 points, or 0.95%, higher at 853.40.
On the junior index, retail investors were net buyers of 33.7 billion won, while foreigners and institutions sold 6.9 billion won and 16.7 billion won, respectively. Alteogen (196170) gained 1.97%, EcoPro BM (247540) rose 1.87%, Peptron (087010) added 0.33%, and EcoPro (086520) advanced 1.59%, while Rainbow Robotics (277810) slipped 0.33% and PharmaResearch (214450) dropped 3.70%.