The KOSPI ended higher on September 3, closing in the 3,180 range, though gains were limited by the burden of rising U.S. Treasury yields. The KOSDAQ also finished the session in positive territory.
The benchmark KOSPI rose 12.07 points (0.38%) to close at 3,184.42. The index opened at 3,177.75, up 5.40 points (0.17%), briefly slipped into negative territory in early trading, but later rebounded to finish higher.
At 3:30 p.m., the won was quoted at 1,392.3 per dollar in the Seoul foreign exchange market, 1.3 won weaker than the previous day.
Foreign investors purchased a net 436.2 billion won on the main bourse, extending their buying streak to a second day after returning to net purchases the previous session following six days of selling. In contrast, retail investors and institutions offloaded 155.3 billion won and 375.6 billion won, respectively. Foreigners also posted a net sell of 101.1 billion won in KOSPI 200 futures.
Investor sentiment was dampened by heightened policy and fiscal uncertainty. A U.S. court ruled that most of President Donald Trump’s tariff measures were illegal, while the yield on 30-year U.S. Treasuries climbed to near 5% for the first time in two months. Long-term bond yields in the U.K., Germany, and France also reached multi-year highs on fiscal concerns, further weighing on sentiment.
Caution ahead of the upcoming U.S. jobs report added to the market’s restrained upside.
Still, semiconductor stocks provided support, tracking a sharp rebound in U.S. tech shares after Alphabet surged more than 6% in after-hours trading when a federal court ruled it would not be required to sell Chrome to resolve an antitrust case. Apple also gained nearly 3% in extended trade.
Lee Kyung-min, an analyst at Daishin Securities, said, “Although U.S. equities declined on tariff uncertainties and higher bond yields, foreign inflows helped underpin the KOSPI.”
Among large-cap stocks, Samsung Electronics (005930) advanced 1.01% and SK Hynix (000660) added 0.77%, driving the index higher. Defense-related names also gained, with Hanwha Aerospace (012450) up 0.86% and Hyundai Rotem (064350) up 2.36%. Other notable gainers included Samsung Biologics (207940), up 1.50%; Hyundai Motor (005380), up 0.68%; KB Financial (105560), up 1.29%; and Doosan Enerbility (034020), up 3.31%.
LS Electric (010120) surged 6.75% after announcing a 64 billion won supply contract with a U.S. big tech firm. MLCC-related stocks also rallied on expectations of improving market conditions, with Samsung Electro-Mechanics (009150) up 2.53% and Samwha Capacitor (009470) soaring 19.21%.
On the downside, shipbuilding stocks weakened as investors took profits, with HD Hyundai Heavy Industries (329180) down 1.75% and Hanwha Ocean (042660) falling 4.46%. LG Energy Solution (373220) slipped 0.43%, Kia (000270) edged down 0.19%, and NAVER (035420) dropped 1.78%. GS Engineering & Construction (006360) sank 2.64% following reports of a fatal accident at a construction site.
By sector, pharmaceuticals gained 1.32%, retail rose 0.90%, and construction advanced 0.82%. Insurance fell 1.45%, financials slipped 0.28%, and transport equipment dropped 0.40%.
The KOSDAQ ended at 796.81, up 2.81 points (0.35%). The index opened at 793.28, down 0.72 points (0.09%), fluctuated within a narrow range, and turned higher late in the session.
Foreigners bought a net 20.8 billion won on the secondary market, while individuals and institutions sold 6.7 billion won and 8.1 billion won, respectively.
Winners included Alteogen (196170), up 0.22%; LigaChem Biosciences (141080), up 3.06%; ABL Bio (298380), up 4.19%; and Samchundang Pharm (000250), up 0.31%.
In contrast, EcoPro BM (247540) fell 1.17%, EcoPro (086520) lost 0.80%, Peptron (087010) slipped 2.72%, and PharmaResearch (214450) dropped 5.04%. HLB (028300) also eased 0.51%.
Total trading value reached 8.79 trillion won on the KOSPI and 5.49 trillion won on the KOSDAQ.
The KOSPI ended higher on September 3, closing in the 3,180 range, though gains were limited by the burden of rising U.S. Treasury yields. The KOSDAQ also finished the session in positive territory.
The benchmark KOSPI rose 12.07 points (0.38%) to close at 3,184.42. The index opened at 3,177.75, up 5.40 points (0.17%), briefly slipped into negative territory in early trading, but later rebounded to finish higher.
At 3:30 p.m., the won was quoted at 1,392.3 per dollar in the Seoul foreign exchange market, 1.3 won weaker than the previous day.
Foreign investors purchased a net 436.2 billion won on the main bourse, extending their buying streak to a second day after returning to net purchases the previous session following six days of selling. In contrast, retail investors and institutions offloaded 155.3 billion won and 375.6 billion won, respectively. Foreigners also posted a net sell of 101.1 billion won in KOSPI 200 futures.
Investor sentiment was dampened by heightened policy and fiscal uncertainty. A U.S. court ruled that most of President Donald Trump’s tariff measures were illegal, while the yield on 30-year U.S. Treasuries climbed to near 5% for the first time in two months. Long-term bond yields in the U.K., Germany, and France also reached multi-year highs on fiscal concerns, further weighing on sentiment.
Caution ahead of the upcoming U.S. jobs report added to the market’s restrained upside.
Still, semiconductor stocks provided support, tracking a sharp rebound in U.S. tech shares after Alphabet surged more than 6% in after-hours trading when a federal court ruled it would not be required to sell Chrome to resolve an antitrust case. Apple also gained nearly 3% in extended trade.
Lee Kyung-min, an analyst at Daishin Securities, said, “Although U.S. equities declined on tariff uncertainties and higher bond yields, foreign inflows helped underpin the KOSPI.”
Among large-cap stocks, Samsung Electronics (005930) advanced 1.01% and SK Hynix (000660) added 0.77%, driving the index higher. Defense-related names also gained, with Hanwha Aerospace (012450) up 0.86% and Hyundai Rotem (064350) up 2.36%. Other notable gainers included Samsung Biologics (207940), up 1.50%; Hyundai Motor (005380), up 0.68%; KB Financial (105560), up 1.29%; and Doosan Enerbility (034020), up 3.31%.
LS Electric (010120) surged 6.75% after announcing a 64 billion won supply contract with a U.S. big tech firm. MLCC-related stocks also rallied on expectations of improving market conditions, with Samsung Electro-Mechanics (009150) up 2.53% and Samwha Capacitor (009470) soaring 19.21%.
On the downside, shipbuilding stocks weakened as investors took profits, with HD Hyundai Heavy Industries (329180) down 1.75% and Hanwha Ocean (042660) falling 4.46%. LG Energy Solution (373220) slipped 0.43%, Kia (000270) edged down 0.19%, and NAVER (035420) dropped 1.78%. GS Engineering & Construction (006360) sank 2.64% following reports of a fatal accident at a construction site.
By sector, pharmaceuticals gained 1.32%, retail rose 0.90%, and construction advanced 0.82%. Insurance fell 1.45%, financials slipped 0.28%, and transport equipment dropped 0.40%.
The KOSDAQ ended at 796.81, up 2.81 points (0.35%). The index opened at 793.28, down 0.72 points (0.09%), fluctuated within a narrow range, and turned higher late in the session.
Foreigners bought a net 20.8 billion won on the secondary market, while individuals and institutions sold 6.7 billion won and 8.1 billion won, respectively.
Winners included Alteogen (196170), up 0.22%; LigaChem Biosciences (141080), up 3.06%; ABL Bio (298380), up 4.19%; and Samchundang Pharm (000250), up 0.31%.
In contrast, EcoPro BM (247540) fell 1.17%, EcoPro (086520) lost 0.80%, Peptron (087010) slipped 2.72%, and PharmaResearch (214450) dropped 5.04%. HLB (028300) also eased 0.51%.
Total trading value reached 8.79 trillion won on the KOSPI and 5.49 trillion won on the KOSDAQ.