On November 26, the KOSPI closed higher in the 3,960 range as expectations for a U.S. interest-rate cut strengthened, with the index expanding gains into late trading.
The KOSPI finished at 3,960.87, up 103.09 points (2.67%) from the previous session. The index opened 34.10 points (0.88%) higher at 3,891.88 and extended gains throughout the afternoon, ending at the intraday high.
This marks a departure from the “strong open, weak close” pattern the KOSPI had shown over the past two sessions, when intraday gains were pared significantly by the close.
As of 3:30 p.m. on November 26, the won-dollar exchange rate stood at 1,465.6 won, down 6.8 won from the prior day.
Although Deputy Prime Minister and Finance Minister Kyungho Kyun reiterated the government’s commitment to FX market stability during a press briefing earlier in the day, disappointment in the market limited the decline in the exchange rate, which briefly climbed to 1,467.7 won in afternoon trading.
In the KOSPI market, foreigners and institutions bought 523.9 billion won and 1.2274 trillion won, respectively, lifting the index. Individuals sold 1.805 trillion won as they took profits. Foreign investors were also net buyers of 194.6 billion won in KOSPI200 futures.
The domestic market opened higher as U.S. economic data released overnight supported expectations that the Federal Reserve could cut its policy rate in December.
U.S. retail sales for September came in below market expectations, while the September Producer Price Index (PPI) matched forecasts—data points that fueled hopes for slowing consumption and easing inflation. As a result, all three major U.S. indexes closed higher.
Foreign selling early in the session initially capped the KOSPI’s upside, but as foreigners returned to net buying later, the index accelerated its gains.
Lee Kyung-min, an analyst at Daishin Securities, noted, “Economic indicators released overnight in the U.S.—including September PPI and retail sales—collectively signaled a slowdown, sending the probability of a December rate cut into the 80% range.”
Ahead of the Bank of Korea’s Monetary Policy Board meeting scheduled for November 27, some caution also emerged. Markets widely expect the BOK to keep its policy rate unchanged in November.
Among large-cap stocks, Samsung Electronics(005930) climbed 3.52%, reclaiming the 100,000-won level on a closing basis for the first time in four sessions, while SK hynix(000660) also rose 0.96%.
Concerns that Nvidia’s position could weaken—after reports that Meta is considering purchasing Google’s TPU (tensor processing unit)—limited gains in SK hynix, which has been viewed as a core name in the Nvidia value chain.
Benefiting from interest-rate cut expectations, Samsung Biologics(207940) rose 1.48% and Celltrion(068270) gained 2.68%.
Naver(035420) surged 4.15% ahead of a board meeting expected to finalize the merger procedure to integrate Dunamu, operator of Upbit, as an affiliate. LG Energy Solution(373220) gained 5.32%, while KB Financial Group(105560) and Hyundai Motor(005380) rose 2.47% and 1.55%, respectively.
Meanwhile, APR(278470) fell 0.20%, Lotte Corporation(004990) dropped 6.09%, and Daeduck Electronics(353200) declined 4.35%.
All major sectors rose, led by Construction (+4.52%), Chemicals (+3.57%), and Electrical & Electronics (+2.91%).
The KOSDAQ also advanced, finishing at 877.32, up 21.29 points (2.49%). The index opened 7.25 points (0.85%) higher at 863.28 and continued to strengthen.
Foreign and institutional investors bought 210.8 billion won and 86.9 billion won, respectively, while individuals sold 273.1 billion won.
EcoPro BM(247540) jumped 9.17% and EcoPro(086520) surged 11.04%, driving the index higher. ABL Bio(298380) rose 4.46%, LigaChem Biosciences(141080) gained 7.35%, and Rainbow Robotics(277810) added 3.32%.
Meanwhile, sector heavyweight Alteogen(196170) ended unchanged from the previous session, while Caregen(214370) fell 11.30%, Silicone Two(257720) slipped 0.22%, and Pearl Abyss(263750) edged down 0.14%.
Total trading value reached 15.752 trillion won in the KOSPI market and 7.599 trillion won in the KOSDAQ market.
On November 26, the KOSPI closed higher in the 3,960 range as expectations for a U.S. interest-rate cut strengthened, with the index expanding gains into late trading.
The KOSPI finished at 3,960.87, up 103.09 points (2.67%) from the previous session. The index opened 34.10 points (0.88%) higher at 3,891.88 and extended gains throughout the afternoon, ending at the intraday high.
This marks a departure from the “strong open, weak close” pattern the KOSPI had shown over the past two sessions, when intraday gains were pared significantly by the close.
As of 3:30 p.m. on November 26, the won-dollar exchange rate stood at 1,465.6 won, down 6.8 won from the prior day.
Although Deputy Prime Minister and Finance Minister Kyungho Kyun reiterated the government’s commitment to FX market stability during a press briefing earlier in the day, disappointment in the market limited the decline in the exchange rate, which briefly climbed to 1,467.7 won in afternoon trading.
In the KOSPI market, foreigners and institutions bought 523.9 billion won and 1.2274 trillion won, respectively, lifting the index. Individuals sold 1.805 trillion won as they took profits. Foreign investors were also net buyers of 194.6 billion won in KOSPI200 futures.
The domestic market opened higher as U.S. economic data released overnight supported expectations that the Federal Reserve could cut its policy rate in December.
U.S. retail sales for September came in below market expectations, while the September Producer Price Index (PPI) matched forecasts—data points that fueled hopes for slowing consumption and easing inflation. As a result, all three major U.S. indexes closed higher.
Foreign selling early in the session initially capped the KOSPI’s upside, but as foreigners returned to net buying later, the index accelerated its gains.
Lee Kyung-min, an analyst at Daishin Securities, noted, “Economic indicators released overnight in the U.S.—including September PPI and retail sales—collectively signaled a slowdown, sending the probability of a December rate cut into the 80% range.”
Ahead of the Bank of Korea’s Monetary Policy Board meeting scheduled for November 27, some caution also emerged. Markets widely expect the BOK to keep its policy rate unchanged in November.
Among large-cap stocks, Samsung Electronics(005930) climbed 3.52%, reclaiming the 100,000-won level on a closing basis for the first time in four sessions, while SK hynix(000660) also rose 0.96%.
Concerns that Nvidia’s position could weaken—after reports that Meta is considering purchasing Google’s TPU (tensor processing unit)—limited gains in SK hynix, which has been viewed as a core name in the Nvidia value chain.
Benefiting from interest-rate cut expectations, Samsung Biologics(207940) rose 1.48% and Celltrion(068270) gained 2.68%.
Naver(035420) surged 4.15% ahead of a board meeting expected to finalize the merger procedure to integrate Dunamu, operator of Upbit, as an affiliate. LG Energy Solution(373220) gained 5.32%, while KB Financial Group(105560) and Hyundai Motor(005380) rose 2.47% and 1.55%, respectively.
Meanwhile, APR(278470) fell 0.20%, Lotte Corporation(004990) dropped 6.09%, and Daeduck Electronics(353200) declined 4.35%.
All major sectors rose, led by Construction (+4.52%), Chemicals (+3.57%), and Electrical & Electronics (+2.91%).
The KOSDAQ also advanced, finishing at 877.32, up 21.29 points (2.49%). The index opened 7.25 points (0.85%) higher at 863.28 and continued to strengthen.
Foreign and institutional investors bought 210.8 billion won and 86.9 billion won, respectively, while individuals sold 273.1 billion won.
EcoPro BM(247540) jumped 9.17% and EcoPro(086520) surged 11.04%, driving the index higher. ABL Bio(298380) rose 4.46%, LigaChem Biosciences(141080) gained 7.35%, and Rainbow Robotics(277810) added 3.32%.
Meanwhile, sector heavyweight Alteogen(196170) ended unchanged from the previous session, while Caregen(214370) fell 11.30%, Silicone Two(257720) slipped 0.22%, and Pearl Abyss(263750) edged down 0.14%.
Total trading value reached 15.752 trillion won in the KOSPI market and 7.599 trillion won in the KOSDAQ market.