The KOSPI surged more than 3% in a single day, driven by easing concerns over artificial intelligence (AI) investments and a strong performance in semiconductor stocks. In contrast, Brent crude oil prices fell by 1.67% amid discussions of potential diplomatic resolutions involving Iran.
According to the International Financial Center on October 28, the KOSPI closed at 5,638.3 on October 27, marking a 3.09% increase from the previous day. The S&P 500 index in the U.S. rose by 0.60% to 7,722.6, while the European Stoxx 600 index increased by 0.47% to 643.68. Japan's Nikkei 225 index also saw a rise of 1.73%, reaching 63,268.
The U.S. stock market benefited from reduced AI-related concerns and a rally in semiconductor stocks. Major U.S. investment banks announced plans to support Anthropic's AI infrastructure expansion through a $63 billion funding structure, drawing significant market interest.
International oil prices declined due to expectations of easing tensions in the Middle East. Brent crude fell to $113.88 per barrel, down 1.67% from the previous day. Iran's Supreme Leader emphasized the need to meet conditions for ending the conflict, and ongoing dialogues between Iranian and neighboring country representatives highlighted the potential for diplomatic solutions.
The yield on U.S. 10-year Treasury bonds rose by 0.01 percentage points to 5.00%, influenced by positive economic indicators, including a 1.8% increase in durable goods orders for September, surpassing the previous month's growth rate of 0.1%. In contrast, the yield on German 10-year bonds fell by 0.01 percentage points to 3.36%.
In the foreign exchange market, the U.S. dollar strengthened, with the dollar index rising by 0.38% to 102.35. This was influenced by expectations of potential hawkish signals from the Federal Open Market Committee (FOMC). The euro and yen fell by 0.44% and 0.28%, respectively. Gold prices increased by 1.08% to $4,060.1 per ounce, while the volatility index (VIX) decreased by 4.73% to 17.52.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.