The KOSPI index opened slightly higher, remaining above the 7000 mark. Despite a surge in U.S. long-term Treasury yields, the New York stock market rose, driven by technology stocks focused on artificial intelligence (AI), while the KOSDAQ increased by more than 1%.
According to the Korea Exchange, as of 9:05 a.m., the KOSPI was up 2.23 points (0.03%) at 7005.97, having reached a high of 7044.67 during the session.
In the securities market, foreign investors sold a net 31.2 billion won, while institutions and individuals bought a net 2.9 billion won and 23.7 billion won, respectively.
Among the top market capitalization stocks, the performance was mixed. Samsung Electronics fell 0.18% to 275,500 won, and SK Hynix dropped 1.41% to 1,815,000 won. Samsung Electronics preferred shares (-0.70%) and Samsung Biologics (-1.62%) also showed weakness.
Conversely, Samsung Electro-Mechanics rose 3.67% to 1,639,000 won. Other gainers included Hyundai Motor (0.72%), KB Financial (0.42%), SK Square (0.34%), and LG Energy Solution (0.13%).
At the same time, the KOSDAQ index was up 11.78 points (1.32%) at 905.07. In the KOSDAQ market, individuals purchased a net 20 billion won, while foreign and institutional investors sold a net 17.3 billion won and 1.4 billion won, respectively.
The top stocks in the KOSDAQ generally showed strength. HLB surged 16.07%, while other gainers included Simtech (3.89%), Juseong Engineering (3.80%), Rino Industry (2.61%), Rainbow Robotics (1.89%), EcoPro BM (1.82%), and EcoPro (1.46%).
Han Ji-young, a researcher at Kiwoom Securities, stated, "This week, the KOSPI is expected to be influenced by the U.S. employment results for September, changes in the U.S. stock market during the holiday period, the minutes from the September Federal Open Market Committee (FOMC) meeting, the direction of U.S. 10-year Treasury yields, and Samsung Electronics' preliminary third-quarter results." He projected the KOSPI's weekly range to be between 6800 and 7300.
Han explained, "The weak U.S. employment figures for September have diminished the justification for further tightening by the Federal Reserve, but it is important to monitor that U.S. 10-year Treasury yields remain in the 5.2% to 5.3% range." He added, "This week, Samsung Electronics' preliminary third-quarter results will be the main event, and the key will be whether earnings estimates for the semiconductor sector will be revised upward and whether foreign investors will shift back to net buying in semiconductors."
* This article has been translated by AI.
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