On October 1, the KOSPI finished higher two days ahead of the Chuseok holiday, as expectations for U.S. interest rate cuts outweighed concerns about a potential U.S. federal government shutdown.
The KOSPI ended at 3,455.83, up 31.23 points (0.91%) from the previous session. It opened 19.46 points (0.57%) higher at 3,444.06 and rose as much as 3,459.74 during intraday trading.
As of 3:30 p.m., the won-dollar exchange rate stood at 1,403.2 won, up 0.3 won from the previous close.
In the main bourse, foreign investors and institutions net purchased 845.8 billion won and 218.8 billion won, respectively, while individuals offloaded 1.0846 trillion won. Foreign investors were also net buyers of 217.5 billion won in KOSPI 200 futures.
Overnight, Wall Street extended gains for a third consecutive session. On September 30 (local time), the Dow Jones Industrial Average rose 81.82 points (0.18%) to close at 46,397.89, a fresh all-time high. The S&P 500 gained 27.25 points (0.41%) to 6,688.46, and the Nasdaq Composite added 68.86 points (0.31%) to 22,660.01.
Although U.S. equities traded weaker earlier on shutdown fears, sentiment shifted as investors interpreted the potential disruption as increasing the likelihood of rate cuts by the Federal Reserve, fueling a late rebound.
Nvidia climbed 2.6% to a record high of $186.58, pushing its market capitalization above $4.5 trillion for the first time. The strength in U.S. chipmakers lifted domestic semiconductor stocks.
Samsung Electronics (005930) advanced 2.50% to 860,000 won, while SK Hynix (000660) surged 3.60% to 3,600,000 won, nearing its previous peak of 3,610,000 won set on September 23.
Among other large caps, Samsung Biologics (207940) rose 0.80%, HD Hyundai Heavy Industries (329180) climbed 2.52%, and KB Financial Group (105560) gained 0.69%. Hanwha Aerospace (012450), however, slipped 0.72%.
By sector, machinery and equipment (1.82%), electrical and electronics (2.30%), construction (0.72%), and food & beverages/tobacco (1.07%) advanced, while transportation & warehousing (-0.56%), securities (-1.31%), and utilities (-1.34%) declined.
Lee Kyung-min, analyst at Daishin Securities, commented, “The timing of the U.S. government shutdown coincides with expectations for the Fed to resume rate cuts, making monetary policy impact a key issue. The potential negative effects on the economy and employment are instead increasing the likelihood of cuts, acting as a case of ‘bad is good.’”
The KOSDAQ also closed higher, adding 3.35 points (0.40%) to finish at 845.34. The index opened 4.33 points (0.51%) higher at 846.32 and maintained a steady upward trend.
In the secondary market, foreigners and individuals net sold 74.5 billion won and 14.4 billion won, respectively, while institutions net bought 1.0037 trillion won.
Among KOSDAQ heavyweights, Alteogen (196170) was unchanged, while EcoPro BM (247540) fell 0.35%, Peptron (087010) declined 0.33%, EcoPro (086520) dropped 0.53%, and Rainbow Robotics (277810) slipped 0.49%.
Total turnover came to 12.2456 trillion won on the KOSPI and 6.0932 trillion won on the KOSDAQ.
On October 1, the KOSPI finished higher two days ahead of the Chuseok holiday, as expectations for U.S. interest rate cuts outweighed concerns about a potential U.S. federal government shutdown.
The KOSPI ended at 3,455.83, up 31.23 points (0.91%) from the previous session. It opened 19.46 points (0.57%) higher at 3,444.06 and rose as much as 3,459.74 during intraday trading.
As of 3:30 p.m., the won-dollar exchange rate stood at 1,403.2 won, up 0.3 won from the previous close.
In the main bourse, foreign investors and institutions net purchased 845.8 billion won and 218.8 billion won, respectively, while individuals offloaded 1.0846 trillion won. Foreign investors were also net buyers of 217.5 billion won in KOSPI 200 futures.
Overnight, Wall Street extended gains for a third consecutive session. On September 30 (local time), the Dow Jones Industrial Average rose 81.82 points (0.18%) to close at 46,397.89, a fresh all-time high. The S&P 500 gained 27.25 points (0.41%) to 6,688.46, and the Nasdaq Composite added 68.86 points (0.31%) to 22,660.01.
Although U.S. equities traded weaker earlier on shutdown fears, sentiment shifted as investors interpreted the potential disruption as increasing the likelihood of rate cuts by the Federal Reserve, fueling a late rebound.
Nvidia climbed 2.6% to a record high of $186.58, pushing its market capitalization above $4.5 trillion for the first time. The strength in U.S. chipmakers lifted domestic semiconductor stocks.
Samsung Electronics (005930) advanced 2.50% to 860,000 won, while SK Hynix (000660) surged 3.60% to 3,600,000 won, nearing its previous peak of 3,610,000 won set on September 23.
Among other large caps, Samsung Biologics (207940) rose 0.80%, HD Hyundai Heavy Industries (329180) climbed 2.52%, and KB Financial Group (105560) gained 0.69%. Hanwha Aerospace (012450), however, slipped 0.72%.
By sector, machinery and equipment (1.82%), electrical and electronics (2.30%), construction (0.72%), and food & beverages/tobacco (1.07%) advanced, while transportation & warehousing (-0.56%), securities (-1.31%), and utilities (-1.34%) declined.
Lee Kyung-min, analyst at Daishin Securities, commented, “The timing of the U.S. government shutdown coincides with expectations for the Fed to resume rate cuts, making monetary policy impact a key issue. The potential negative effects on the economy and employment are instead increasing the likelihood of cuts, acting as a case of ‘bad is good.’”
The KOSDAQ also closed higher, adding 3.35 points (0.40%) to finish at 845.34. The index opened 4.33 points (0.51%) higher at 846.32 and maintained a steady upward trend.
In the secondary market, foreigners and individuals net sold 74.5 billion won and 14.4 billion won, respectively, while institutions net bought 1.0037 trillion won.
Among KOSDAQ heavyweights, Alteogen (196170) was unchanged, while EcoPro BM (247540) fell 0.35%, Peptron (087010) declined 0.33%, EcoPro (086520) dropped 0.53%, and Rainbow Robotics (277810) slipped 0.49%.
Total turnover came to 12.2456 trillion won on the KOSPI and 6.0932 trillion won on the KOSDAQ.