On September 2, the KOSPI rebounded snapping a three-day losing streak and reclaiming the 3,170 level, as foreign investors returned with strong buying focused on semiconductor stocks.
The benchmark index closed at 3,172.35, up 29.42 points (0.94%) from the previous session. The KOSPI opened at 3,155.73, up 12.80 points (0.41%), briefly trimming gains to 3,151.93 in early trade before regaining upward momentum.
At 3:30 p.m., the won stood at 1,391.0 per dollar in the Seoul foreign exchange market, down 2.7 won from the previous day.
Foreign investors were net buyers of 390.8 billion won on the main bourse, their first net purchase in six sessions since August 25, providing strong upward pressure on the index. In contrast, retail investors and institutions sold a net 347.4 billion won and 141.5 billion won, respectively. Foreigners also bought a net 964.2 billion won in KOSPI 200 futures.
With U.S. markets closed for Labor Day, domestic equities rebounded as bargain-hunting flowed into semiconductor stocks following the previous session’s sharp losses. On September 1, the KOSPI had dropped 1.35% into the 3,140 range, weighed down by steep declines in U.S. tech stocks after news that China’s Alibaba had developed its own next-generation AI chip.
Investor sentiment was also buoyed by gains in European markets, where defense shares advanced after reports that the European Union was preparing concrete plans to deploy troops to Ukraine. A stabilized won further encouraged foreign inflows.
Lee Kyung-min, an analyst at Daishin Securities, noted, “Although there were no major macroeconomic events with the U.S. market closed, the rebound in Samsung Electronics and SK Hynix, which declined the previous day, provided a tailwind for the KOSPI.”
Among blue chips, SK Hynix (000660) rose 1.76%, regaining the 260,000-won level, while Samsung Electronics (005930) climbed 2.22%, leading the market higher. Defense stocks also gained, with Hanwha Aerospace (012450) up 1.86% and Hyundai Rotem (064350) advancing 3.54%. Other notable gainers included Hanwha Ocean (042660), up 5.84%, Samsung Biologics (207940), up 0.10%, KB Financial (105560), up 1.59%, and NAVER (035420), up 4.41%.
Renewable energy-related shares also moved higher as state-led offshore wind projects progressed, with Doosan Enerbility (034020) gaining 1.34%.
On the downside, Kakao (035720) extended losses, falling 3.10% after prosecutors sought a heavy sentence for its founder. Hyundai Motor (005380) slipped 0.23%, HD Korea Shipbuilding & Offshore Engineering (009540) eased 0.12%, and POSCO Holdings (005490) fell 0.36%.
By sector, insurance rose 2.87%, transport equipment gained 1.67%, and electrical and electronics advanced 1.73%, while telecommunications lost 1.73% and entertainment and culture fell 1.11%.
The KOSDAQ also closed higher at 794.00, up 9.00 points (1.15%). The index opened at 789.35, up 4.35 points (0.55%), dipped to 785.30 in early trading, and later extended gains into the close.
In the KOSDAQ market, foreign and institutional investors bought a net 79.8 billion won and 21.5 billion won, respectively, while retail investors sold 87.4 billion won to lock in profits.
Among major KOSDAQ names, LigaChem Biosciences (141080) surged 4.70%, climbing to sixth place in market capitalization rankings. Alteogen (196170) gained 1.65%, Peptron (087010) rose 4.33%, EcoPro (086520) added 0.80%, and Rainbow Robotics (277810) advanced 2.80%.
In contrast, EcoPro BM (247540) slipped 0.17%, PharmaResearch (214450) lost 0.61%, LIG Nex1 (033920) fell 2.16%, SM Entertainment (041510) dropped 2.35%, and Silicon Two (257720) declined 1.25%.
Security-related stocks rose sharply after reports of a hacking incident at Lotte Card the previous day, with Sands Lab (263540) up 5.27%, JNion (263860) gaining 1.63%, and Suprema (236200) adding 1.61%.
Total trading value was 8.66 trillion won on the KOSPI and 6.39 trillion won on the KOSDAQ.
On September 2, the KOSPI rebounded snapping a three-day losing streak and reclaiming the 3,170 level, as foreign investors returned with strong buying focused on semiconductor stocks.
The benchmark index closed at 3,172.35, up 29.42 points (0.94%) from the previous session. The KOSPI opened at 3,155.73, up 12.80 points (0.41%), briefly trimming gains to 3,151.93 in early trade before regaining upward momentum.
At 3:30 p.m., the won stood at 1,391.0 per dollar in the Seoul foreign exchange market, down 2.7 won from the previous day.
Foreign investors were net buyers of 390.8 billion won on the main bourse, their first net purchase in six sessions since August 25, providing strong upward pressure on the index. In contrast, retail investors and institutions sold a net 347.4 billion won and 141.5 billion won, respectively. Foreigners also bought a net 964.2 billion won in KOSPI 200 futures.
With U.S. markets closed for Labor Day, domestic equities rebounded as bargain-hunting flowed into semiconductor stocks following the previous session’s sharp losses. On September 1, the KOSPI had dropped 1.35% into the 3,140 range, weighed down by steep declines in U.S. tech stocks after news that China’s Alibaba had developed its own next-generation AI chip.
Investor sentiment was also buoyed by gains in European markets, where defense shares advanced after reports that the European Union was preparing concrete plans to deploy troops to Ukraine. A stabilized won further encouraged foreign inflows.
Lee Kyung-min, an analyst at Daishin Securities, noted, “Although there were no major macroeconomic events with the U.S. market closed, the rebound in Samsung Electronics and SK Hynix, which declined the previous day, provided a tailwind for the KOSPI.”
Among blue chips, SK Hynix (000660) rose 1.76%, regaining the 260,000-won level, while Samsung Electronics (005930) climbed 2.22%, leading the market higher. Defense stocks also gained, with Hanwha Aerospace (012450) up 1.86% and Hyundai Rotem (064350) advancing 3.54%. Other notable gainers included Hanwha Ocean (042660), up 5.84%, Samsung Biologics (207940), up 0.10%, KB Financial (105560), up 1.59%, and NAVER (035420), up 4.41%.
Renewable energy-related shares also moved higher as state-led offshore wind projects progressed, with Doosan Enerbility (034020) gaining 1.34%.
On the downside, Kakao (035720) extended losses, falling 3.10% after prosecutors sought a heavy sentence for its founder. Hyundai Motor (005380) slipped 0.23%, HD Korea Shipbuilding & Offshore Engineering (009540) eased 0.12%, and POSCO Holdings (005490) fell 0.36%.
By sector, insurance rose 2.87%, transport equipment gained 1.67%, and electrical and electronics advanced 1.73%, while telecommunications lost 1.73% and entertainment and culture fell 1.11%.
The KOSDAQ also closed higher at 794.00, up 9.00 points (1.15%). The index opened at 789.35, up 4.35 points (0.55%), dipped to 785.30 in early trading, and later extended gains into the close.
In the KOSDAQ market, foreign and institutional investors bought a net 79.8 billion won and 21.5 billion won, respectively, while retail investors sold 87.4 billion won to lock in profits.
Among major KOSDAQ names, LigaChem Biosciences (141080) surged 4.70%, climbing to sixth place in market capitalization rankings. Alteogen (196170) gained 1.65%, Peptron (087010) rose 4.33%, EcoPro (086520) added 0.80%, and Rainbow Robotics (277810) advanced 2.80%.
In contrast, EcoPro BM (247540) slipped 0.17%, PharmaResearch (214450) lost 0.61%, LIG Nex1 (033920) fell 2.16%, SM Entertainment (041510) dropped 2.35%, and Silicon Two (257720) declined 1.25%.
Security-related stocks rose sharply after reports of a hacking incident at Lotte Card the previous day, with Sands Lab (263540) up 5.27%, JNion (263860) gaining 1.63%, and Suprema (236200) adding 1.61%.
Total trading value was 8.66 trillion won on the KOSPI and 6.39 trillion won on the KOSDAQ.