On September 3, the KOSPI edged higher in early trade, holding in the 3,180 range amid mixed signals, including a rise in U.S. Treasury yields and Alphabet’s sharp after-hours rally. The KOSDAQ, meanwhile, traded slightly lower.
As of 9:23 a.m., the KOSPI stood at 3,181.06, up 8.71 points (0.27%) from the previous session. The index opened at 3,177.75, up 5.40 points (0.17%), and gradually extended its gains.
In the Seoul foreign exchange market, the won opened at 1,395.2 per dollar, 4.2 won weaker than the previous day.
On the main bourse, foreign investors—who turned net buyers the previous day for the first time in six sessions—continued purchasing, with net buying of 91.5 billion won. In contrast, retail investors and institutions sold 2.7 billion won and 90.8 billion won, respectively. In the KOSPI 200 futures market, however, foreigners recorded a net sell of 11 billion won.
Overnight, Wall Street closed lower as fiscal uncertainty deepened after a U.S. court ruled that most of President Donald Trump’s tariff measures were illegal. Concerns over elevated valuations also weighed on investor sentiment, with all three major indexes retreating.
Rising yields on U.S. 10-year Treasuries further dampened risk appetite, while long-term bond yields in the U.K., Germany, and France also surged to multi-year highs amid concerns over worsening fiscal conditions.
On the positive side, Alphabet jumped more than 6% in after-hours trading after a U.S. federal court ruled it would not be required to sell Chrome to resolve an antitrust case in the online search market. Apple also gained nearly 3% in extended trade.
In the domestic market, rising U.S. bond yields are limiting upside potential, though strong after-hours gains in major U.S. tech stocks are providing downside support.
Han Ji-young, an analyst at Kiwoom Securities, said, “The Korean market is likely to open lower today due to heightened political uncertainty in advanced economies and the burden of rising long-term interest rates. However, the strong after-hours rally in Apple and Alphabet should help limit intra-day losses.”
Among large-cap stocks, Samsung Electronics (005930) inched up 0.14%, while SK Hynix (000660) slipped 0.19%, showing mixed movement among chipmakers. LG Energy Solution (373220) rose 1.86%, Samsung Biologics (207940) gained 0.50%, Hanwha Aerospace (012450) advanced 1.50%, Doosan Enerbility (034020) added 1.66%, and Kakao (035720) climbed 1.01%.
In contrast, HD Hyundai Heavy Industries (329180) slipped 0.19%, Hanwha Ocean (042660) fell 1.70%, Kia (000270) declined 0.56%, and NAVER (035420) lost 1.11%.
By sector, electricity and gas rose 1.07%, telecommunications gained 0.73%, and retail added 0.56%. On the other hand, securities fell 0.68% and transport and storage slipped 0.11%.
At the same time, the KOSDAQ stood at 793.57, down 0.43 points (0.05%). The index opened at 793.28, down 0.72 points (0.09%), fluctuated in a narrow range, and turned slightly lower.
In the secondary market, foreigners and institutions sold 35.3 billion won and 1.1 billion won, respectively, while retail investors bought 38.1 billion won.
EcoPro BM (247540) traded flat, while Alteogen (196170) fell 1.19%, Peptron (087010) dropped 3.67%, EcoPro (086520) edged down 0.20%, and PharmaResearch (214450) slipped 0.76%. Gainers included HLB (028300), up 0.89%; Samchundang Pharm (000250), up 0.16%; Hugel (145020), up 0.30%; and LIG Nex1 (033920), up 0.44%.
On September 3, the KOSPI edged higher in early trade, holding in the 3,180 range amid mixed signals, including a rise in U.S. Treasury yields and Alphabet’s sharp after-hours rally. The KOSDAQ, meanwhile, traded slightly lower.
As of 9:23 a.m., the KOSPI stood at 3,181.06, up 8.71 points (0.27%) from the previous session. The index opened at 3,177.75, up 5.40 points (0.17%), and gradually extended its gains.
In the Seoul foreign exchange market, the won opened at 1,395.2 per dollar, 4.2 won weaker than the previous day.
On the main bourse, foreign investors—who turned net buyers the previous day for the first time in six sessions—continued purchasing, with net buying of 91.5 billion won. In contrast, retail investors and institutions sold 2.7 billion won and 90.8 billion won, respectively. In the KOSPI 200 futures market, however, foreigners recorded a net sell of 11 billion won.
Overnight, Wall Street closed lower as fiscal uncertainty deepened after a U.S. court ruled that most of President Donald Trump’s tariff measures were illegal. Concerns over elevated valuations also weighed on investor sentiment, with all three major indexes retreating.
Rising yields on U.S. 10-year Treasuries further dampened risk appetite, while long-term bond yields in the U.K., Germany, and France also surged to multi-year highs amid concerns over worsening fiscal conditions.
On the positive side, Alphabet jumped more than 6% in after-hours trading after a U.S. federal court ruled it would not be required to sell Chrome to resolve an antitrust case in the online search market. Apple also gained nearly 3% in extended trade.
In the domestic market, rising U.S. bond yields are limiting upside potential, though strong after-hours gains in major U.S. tech stocks are providing downside support.
Han Ji-young, an analyst at Kiwoom Securities, said, “The Korean market is likely to open lower today due to heightened political uncertainty in advanced economies and the burden of rising long-term interest rates. However, the strong after-hours rally in Apple and Alphabet should help limit intra-day losses.”
Among large-cap stocks, Samsung Electronics (005930) inched up 0.14%, while SK Hynix (000660) slipped 0.19%, showing mixed movement among chipmakers. LG Energy Solution (373220) rose 1.86%, Samsung Biologics (207940) gained 0.50%, Hanwha Aerospace (012450) advanced 1.50%, Doosan Enerbility (034020) added 1.66%, and Kakao (035720) climbed 1.01%.
In contrast, HD Hyundai Heavy Industries (329180) slipped 0.19%, Hanwha Ocean (042660) fell 1.70%, Kia (000270) declined 0.56%, and NAVER (035420) lost 1.11%.
By sector, electricity and gas rose 1.07%, telecommunications gained 0.73%, and retail added 0.56%. On the other hand, securities fell 0.68% and transport and storage slipped 0.11%.
At the same time, the KOSDAQ stood at 793.57, down 0.43 points (0.05%). The index opened at 793.28, down 0.72 points (0.09%), fluctuated in a narrow range, and turned slightly lower.
In the secondary market, foreigners and institutions sold 35.3 billion won and 1.1 billion won, respectively, while retail investors bought 38.1 billion won.
EcoPro BM (247540) traded flat, while Alteogen (196170) fell 1.19%, Peptron (087010) dropped 3.67%, EcoPro (086520) edged down 0.20%, and PharmaResearch (214450) slipped 0.76%. Gainers included HLB (028300), up 0.89%; Samchundang Pharm (000250), up 0.16%; Hugel (145020), up 0.30%; and LIG Nex1 (033920), up 0.44%.