On October 13, the KOSPI ended lower paring much of its early losses after concerns over renewed U.S.-China trade tensions triggered a steep drop of nearly 90 points at the start of trading.
The benchmark index closed at 3,584.55, down 26.05 points (0.72%) from the previous session. It opened 60.52 points (1.68%) lower at 3,550.08 and fell to as low as 3,522.54 before rebounding and trimming losses throughout the session.
As of 3:30 p.m., the Korean won ended the week at 1,425.8 per dollar, up 4.8 won from the previous day’s close.
In the main bourse, foreign investors and institutions sold a net 821.4 billion won and 447.2 billion won, respectively, dragging the index lower. In contrast, retail investors bought a net 1.1673 trillion won, while pension funds also net purchased 25.2 billion won, providing support to the market.
In the KOSPI 200 futures market, foreigners posted a net sell of 593.5 billion won, while individuals also sold 75.1 billion won. Institutions, however, remained net buyers with 667.8 billion won.
Wall Street closed sharply lower on Friday as renewed fears of a U.S.-China trade war rattled markets. The Dow Jones Industrial Average dropped 1.90%, while the S&P 500 and Nasdaq Composite slid 2.71% and 3.56%, respectively.
The sell-off came after U.S. President Donald Trump criticized China’s move to tighten rare earth export controls and announced plans to impose an additional 100% tariff on Chinese goods starting next month.
However, Trump later struck a conciliatory tone, writing on Truth Social early Monday (KST), “Don’t worry about China. Everything will be fine,” while China also signaled it did not seek a direct confrontation. These gestures helped ease investor anxiety, allowing the Korean market to recover from early losses.
Samsung Electronics (005930), which had fallen to as low as 90,300 won during the session, ended 1.17% lower at 93,300 won. SK Hynix (000660) fell 3.04% to 415,000 won.
Among major blue chips, performances were mixed. Doosan Enerbility (034020) rose 4.16%, Hyundai Motor (005380) added 0.69%, Samsung Biologics (207940) gained 0.59%, Kia (000270) advanced 0.50%, and HD Hyundai Heavy Industries (329180) edged up 0.39%.
In contrast, Hanwha Aerospace (012450) fell 4.70%, Shinhan Financial Group (055550) lost 2.22%, NAVER (035420) dropped 1.87%, and Celltrion (068270) declined 1.56%.
By industry, metals (5.67%), machinery and equipment (2.65%), culture and entertainment (2.21%), and general services (1.01%) gained ground, while securities (-2.40%), IT services (-1.96%), electronics (-1.41%), transport equipment and parts (-1.38%), and food and tobacco (-1.24%) declined.
Park Sung-chul, analyst at Yuanta Securities, said, “President Trump’s softer tone early this morning—stating that President Xi Jinping ‘just went through a rough moment’—triggered what we call a ‘TACO (Trump Always Chickens Out) trade,’ leading to sharp rebounds in S&P 500 and Nasdaq futures, and helping the Korean market stay resilient.”
Lee Jae-won, analyst at Shinhan Investment & Securities, added, “While profit-taking in semiconductor stocks continued due to U.S.-China rare earth tensions, President Trump’s willingness to resume dialogue helped limit the KOSPI’s losses.”
He noted that although foreigners ended their 16-day buying streak in Samsung Electronics, the decline remained contained, adding, “Samsung Electronics is scheduled to release its preliminary third-quarter earnings tomorrow.”
Meanwhile, the KOSDAQ closed slightly higher at 860.49, up 1.00 point (0.12%) from the previous session. The index opened 13.73 points (1.60%) lower at 845.76, briefly dropped to 840.28, but later recovered modestly.
In the secondary market, foreigners and institutions sold a net 102.0 billion won and 13.7 billion won, respectively, while retail investors bought 117.2 billion won.
Among top KOSDAQ stocks, HLB (028300) rose 6.35%, EcoPro BM (247540) gained 4.90%, Leeno Industrial (058470) climbed 4.84%, and Rainbow Robotics (277810) advanced 4.40%.
Meanwhile, Peptone (087010) fell 4.41%, Alteogen (196170) dropped 3.69%, Samchundang Pharm (000250) slid 2.87%, and ABL Bio (298380) lost 2.56%.
Total trading value reached 14.2457 trillion won on the main bourse and 8.1266 trillion won on the KOSDAQ.
On October 13, the KOSPI ended lower paring much of its early losses after concerns over renewed U.S.-China trade tensions triggered a steep drop of nearly 90 points at the start of trading.
The benchmark index closed at 3,584.55, down 26.05 points (0.72%) from the previous session. It opened 60.52 points (1.68%) lower at 3,550.08 and fell to as low as 3,522.54 before rebounding and trimming losses throughout the session.
As of 3:30 p.m., the Korean won ended the week at 1,425.8 per dollar, up 4.8 won from the previous day’s close.
In the main bourse, foreign investors and institutions sold a net 821.4 billion won and 447.2 billion won, respectively, dragging the index lower. In contrast, retail investors bought a net 1.1673 trillion won, while pension funds also net purchased 25.2 billion won, providing support to the market.
In the KOSPI 200 futures market, foreigners posted a net sell of 593.5 billion won, while individuals also sold 75.1 billion won. Institutions, however, remained net buyers with 667.8 billion won.
Wall Street closed sharply lower on Friday as renewed fears of a U.S.-China trade war rattled markets. The Dow Jones Industrial Average dropped 1.90%, while the S&P 500 and Nasdaq Composite slid 2.71% and 3.56%, respectively.
The sell-off came after U.S. President Donald Trump criticized China’s move to tighten rare earth export controls and announced plans to impose an additional 100% tariff on Chinese goods starting next month.
However, Trump later struck a conciliatory tone, writing on Truth Social early Monday (KST), “Don’t worry about China. Everything will be fine,” while China also signaled it did not seek a direct confrontation. These gestures helped ease investor anxiety, allowing the Korean market to recover from early losses.
Samsung Electronics (005930), which had fallen to as low as 90,300 won during the session, ended 1.17% lower at 93,300 won. SK Hynix (000660) fell 3.04% to 415,000 won.
Among major blue chips, performances were mixed. Doosan Enerbility (034020) rose 4.16%, Hyundai Motor (005380) added 0.69%, Samsung Biologics (207940) gained 0.59%, Kia (000270) advanced 0.50%, and HD Hyundai Heavy Industries (329180) edged up 0.39%.
In contrast, Hanwha Aerospace (012450) fell 4.70%, Shinhan Financial Group (055550) lost 2.22%, NAVER (035420) dropped 1.87%, and Celltrion (068270) declined 1.56%.
By industry, metals (5.67%), machinery and equipment (2.65%), culture and entertainment (2.21%), and general services (1.01%) gained ground, while securities (-2.40%), IT services (-1.96%), electronics (-1.41%), transport equipment and parts (-1.38%), and food and tobacco (-1.24%) declined.
Park Sung-chul, analyst at Yuanta Securities, said, “President Trump’s softer tone early this morning—stating that President Xi Jinping ‘just went through a rough moment’—triggered what we call a ‘TACO (Trump Always Chickens Out) trade,’ leading to sharp rebounds in S&P 500 and Nasdaq futures, and helping the Korean market stay resilient.”
Lee Jae-won, analyst at Shinhan Investment & Securities, added, “While profit-taking in semiconductor stocks continued due to U.S.-China rare earth tensions, President Trump’s willingness to resume dialogue helped limit the KOSPI’s losses.”
He noted that although foreigners ended their 16-day buying streak in Samsung Electronics, the decline remained contained, adding, “Samsung Electronics is scheduled to release its preliminary third-quarter earnings tomorrow.”
Meanwhile, the KOSDAQ closed slightly higher at 860.49, up 1.00 point (0.12%) from the previous session. The index opened 13.73 points (1.60%) lower at 845.76, briefly dropped to 840.28, but later recovered modestly.
In the secondary market, foreigners and institutions sold a net 102.0 billion won and 13.7 billion won, respectively, while retail investors bought 117.2 billion won.
Among top KOSDAQ stocks, HLB (028300) rose 6.35%, EcoPro BM (247540) gained 4.90%, Leeno Industrial (058470) climbed 4.84%, and Rainbow Robotics (277810) advanced 4.40%.
Meanwhile, Peptone (087010) fell 4.41%, Alteogen (196170) dropped 3.69%, Samchundang Pharm (000250) slid 2.87%, and ABL Bio (298380) lost 2.56%.
Total trading value reached 14.2457 trillion won on the main bourse and 8.1266 trillion won on the KOSDAQ.