On October 2, the KOSPI surpassed the 3,500 mark for the first time, a day before the Chuseok holiday, with strong buying in technology shares as investors viewed the U.S. government shutdown as a temporary and limited risk. The rally pushed Samsung Electronics (005930) close to the symbolic 90,000-won level and SK hynix (000660) near 400,000 won.
As of 9:27 a.m., the benchmark index was trading at 3,524.40, up 68.57 points or 1.98% from the previous session. The index opened at 3,525.48, immediately surpassing the previous closing high of 3,486.19 (September 23) and intraday high of 3,497.95 (September 24), and climbed as high as 3,530.95.
The won opened at 1,402.0 per dollar, down 1.2 won from the previous session.
In the main bourse, foreigners were net buyers of 504 billion won, while individuals and institutions sold 406.1 billion won and 82.2 billion won, respectively. In the KOSPI 200 futures market, individuals and institutions posted net buying of 11.2 billion won and 177.9 billion won, while foreigners sold a net 317.9 billion won.
Wall Street closed higher for a fourth consecutive session on October 1 (local time). The Dow Jones Industrial Average rose 43.21 points, or 0.09%, to 46,441.10. The S&P 500 gained 22.74 points, or 0.34%, to 6,711.20, and the Nasdaq Composite advanced 95.15 points, or 0.42%, to 22,755.16. The S&P 500 hit an intraday record high, and both the S&P 500 and Dow closed at record levels.
Despite the U.S. federal government entering a shutdown, optimism that it would be temporary prevailed, while expectations for pharmaceutical tariff exemptions buoyed sentiment. Among trillion-dollar megacaps, all except Meta gained, with Oracle climbing 2.76% to regain its $800 billion market capitalization and Intel surging more than 7%.
The strong performance of U.S. tech shares carried over to South Korea’s semiconductor giants. Samsung Electronics jumped 4.24% to 89,650 won, moving close to the “90,000 won Samsung” milestone, while SK hynix soared 9.31% to 393,500 won, nearing the 400,000 won threshold for the first time.
Among other large-cap stocks, LG Energy Solution (373220) rose 0.72%, Samsung Biologics (207940) gained 0.30%, and Hyundai Motor (005380) advanced 0.93%. In contrast, Hanwha Aerospace (012450) fell 1.55%, HD Hyundai Heavy Industries (329180) declined 2.27%, and KB Financial (105560) slipped 0.77%.
By sector, electrical and electronics gained 4.47%, medical precision rose 1.43%, retail advanced 1.88%, and transportation & storage added 1.14%. Food & beverages fell 0.98%, metals dropped 0.53%, and utilities declined 0.58%.
Han Ji-young, analyst at Kiwoom Securities, said, “Regardless of macroeconomic or political factors such as the shutdown, tariffs, or the Federal Reserve, AI and semiconductors are leading the market on their own. The Korean stock market opened higher, buoyed by the strength of U.S. semiconductor stocks.”
At the same time, the KOSDAQ was up 4.82 points, or 0.57%, at 850.16. The index opened 8.06 points higher at 853.40 and maintained its upward momentum.
In the KOSDAQ market, individuals were net buyers of 42.7 billion won, while foreigners and institutions sold 15.5 billion won and 23.8 billion won, respectively. Alteogen (196170) rose 0.11%, EcoPro BM (247540) gained 2.75%, Peptron (087010) advanced 0.67%, and EcoPro (086520) climbed 0.90%. Rainbow Robotics (277810) slipped 0.98%, while PharmaResearch (214450) fell 1.23%.
On October 2, the KOSPI surpassed the 3,500 mark for the first time, a day before the Chuseok holiday, with strong buying in technology shares as investors viewed the U.S. government shutdown as a temporary and limited risk. The rally pushed Samsung Electronics (005930) close to the symbolic 90,000-won level and SK hynix (000660) near 400,000 won.
As of 9:27 a.m., the benchmark index was trading at 3,524.40, up 68.57 points or 1.98% from the previous session. The index opened at 3,525.48, immediately surpassing the previous closing high of 3,486.19 (September 23) and intraday high of 3,497.95 (September 24), and climbed as high as 3,530.95.
The won opened at 1,402.0 per dollar, down 1.2 won from the previous session.
In the main bourse, foreigners were net buyers of 504 billion won, while individuals and institutions sold 406.1 billion won and 82.2 billion won, respectively. In the KOSPI 200 futures market, individuals and institutions posted net buying of 11.2 billion won and 177.9 billion won, while foreigners sold a net 317.9 billion won.
Wall Street closed higher for a fourth consecutive session on October 1 (local time). The Dow Jones Industrial Average rose 43.21 points, or 0.09%, to 46,441.10. The S&P 500 gained 22.74 points, or 0.34%, to 6,711.20, and the Nasdaq Composite advanced 95.15 points, or 0.42%, to 22,755.16. The S&P 500 hit an intraday record high, and both the S&P 500 and Dow closed at record levels.
Despite the U.S. federal government entering a shutdown, optimism that it would be temporary prevailed, while expectations for pharmaceutical tariff exemptions buoyed sentiment. Among trillion-dollar megacaps, all except Meta gained, with Oracle climbing 2.76% to regain its $800 billion market capitalization and Intel surging more than 7%.
The strong performance of U.S. tech shares carried over to South Korea’s semiconductor giants. Samsung Electronics jumped 4.24% to 89,650 won, moving close to the “90,000 won Samsung” milestone, while SK hynix soared 9.31% to 393,500 won, nearing the 400,000 won threshold for the first time.
Among other large-cap stocks, LG Energy Solution (373220) rose 0.72%, Samsung Biologics (207940) gained 0.30%, and Hyundai Motor (005380) advanced 0.93%. In contrast, Hanwha Aerospace (012450) fell 1.55%, HD Hyundai Heavy Industries (329180) declined 2.27%, and KB Financial (105560) slipped 0.77%.
By sector, electrical and electronics gained 4.47%, medical precision rose 1.43%, retail advanced 1.88%, and transportation & storage added 1.14%. Food & beverages fell 0.98%, metals dropped 0.53%, and utilities declined 0.58%.
Han Ji-young, analyst at Kiwoom Securities, said, “Regardless of macroeconomic or political factors such as the shutdown, tariffs, or the Federal Reserve, AI and semiconductors are leading the market on their own. The Korean stock market opened higher, buoyed by the strength of U.S. semiconductor stocks.”
At the same time, the KOSDAQ was up 4.82 points, or 0.57%, at 850.16. The index opened 8.06 points higher at 853.40 and maintained its upward momentum.
In the KOSDAQ market, individuals were net buyers of 42.7 billion won, while foreigners and institutions sold 15.5 billion won and 23.8 billion won, respectively. Alteogen (196170) rose 0.11%, EcoPro BM (247540) gained 2.75%, Peptron (087010) advanced 0.67%, and EcoPro (086520) climbed 0.90%. Rainbow Robotics (277810) slipped 0.98%, while PharmaResearch (214450) fell 1.23%.