KOSPI Rises 0.38% to Recover 2410 Level... KOSDAQ Also Up 0.71%
On the 5th, the KOSPI index is showing an upward trend.
As of 9:14 AM that day, the KOSPI index was recorded at 2414.79, up 9.107 points (0.38%) compared to the previous trading day. The index opened at 2423.35, up 17.66 points (0.73%). Individuals were the sole net buyers with purchases worth approximately 180.7 billion KRW, while foreigners and institutions were net sellers with about 102.5 billion KRW and 74 billion KRW, respectively.
Among the top market capitalization stocks, SK Hynix (2.86%), Samsung Biologics (2.46%), LG Energy Solution (2.30%), and POSCO Holdings (2.15%) rose in that order. Samsung Electronics (-0.74%) and Hyundai Motor (-0.16%) declined.
By sector, steel & metals (1.75%), pharmaceuticals (1.58%), medical precision instruments (1.05%), and transportation & warehousing (0.97%) showed strength, while telecommunications (-1.14%), insurance (-0.76%), and textiles & apparel (-0.60%) were weak.
On the 4th (local time), the U.S. stock market closed higher as bond yields fell due to weaker-than-expected private employment data. The Dow Jones Industrial Average rose 127.17 points (0.39%) to 33,129.55, the large-cap S&P 500 index gained 34.30 points (0.81%) to 4,263.75, and the tech-heavy Nasdaq index closed up 176.54 points (1.35%) at 13,236.01.
According to ADP, private sector employment in the U.S. increased by 89,000 in September, falling short of the expected 150,000. This is a significant slowdown compared to the 180,000 increase in August. Following the weaker-than-expected ADP employment data, the 10-year U.S. Treasury yield, which had surpassed 4.8% the previous day, declined. The 2-year yield, sensitive to monetary policy, fell to around 5.05%, and the 30-year yield dropped to about 4.86%. Both the 10-year and 30-year yields had reached their highest levels since 2007 the day before.
At the same time, the KOSDAQ index traded at 813.14, up 5.74 points (0.71%) from the previous session. Individuals and foreigners sold approximately 2.7 billion KRW and 18.6 billion KRW, respectively, while institutions were the sole buyers with purchases worth about 19.9 billion KRW.
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Among the top market capitalization stocks, L&F rose 4.57%, EcoPro increased 2.06%, while POSCO DX fell 0.37%.
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