KOSPI Closes Above 4,100... Samsung Electronics Gains Over 3% After "Kkanbu Chicken Meeting"

Rebound After Early Losses
KOSDAQ Also Rises More Than 1%

On October 31, both the KOSPI and KOSDAQ markets closed higher. The KOSPI successfully rebounded, returning to the 4,100 level, while the KOSDAQ also showed strong gains of over 1%.

On this day, the KOSPI finished trading at 4,107.50, up 0.50% from the previous session. The index started at 4,083.35, down 0.09% from the previous day, and initially fell further to the 4,060 level right after the market opened. However, it soon reversed course, fluctuating around the 4,100 mark before ending higher.

Institutional investors led the rise by purchasing 814.9 billion won worth of shares. In contrast, individual investors and foreign investors sold off 203.3 billion won and 598.8 billion won, respectively.

By sector, IT services recorded the highest increase among all sectors, rising 4.31%. This was followed by entertainment and culture (2.93%), transportation and storage (1.96%), transportation equipment and parts (1.49%), securities (0.92%), electrical and electronics (0.86%), pharmaceuticals (0.73%), and manufacturing (0.62%). On the other hand, metals (-2.24%), insurance (-1.35%), non-metals (-1.06%), and chemicals (-1.04%) declined.

Among the top market capitalization stocks, Samsung Electronics, the largest by market cap, closed up 3.27%. Although Samsung Electronics opened lower, it steadily gained throughout the session as expectations for semiconductor cooperation grew following a meeting the previous day with Jensen Huang, CEO of Nvidia. At one point during the session, the stock soared to 109,200 won, setting a new all-time high. Hyundai Motor also benefited from a favorable atmosphere due to the meeting, ending the day up 9.43%.

Another major semiconductor stock, SK Hynix, fell 1.58%, showing a contrasting trend. Meanwhile, HD Hyundai Heavy Industries (up 1.01%) and Kia (up 3.18%) rose, while LG Energy Solution (-2.77%), Doosan Enerbility (-1.11%), and Hanwha Aerospace (-1.51%) closed lower.

On the same day, the KOSDAQ closed at 900.42, up 1.07% from the previous session. The index opened at 894.54, up 0.41% from the previous day, and extended its gains to maintain the 900 level.

Foreign investors and institutions led the market by buying 170.5 billion won and 144.1 billion won worth of shares, respectively. In contrast, individual investors alone sold off 308.6 billion won.

By sector, general services (3.39%), machinery and equipment (2.88%), pharmaceuticals (1.63%), medical and precision instruments (1.03%), IT services (0.92%), and manufacturing (0.85%) rose in that order. Sectors that ended lower included paper and wood (-1.37%), chemicals (-1.05%), non-metals (-1.01%), textiles and apparel (-0.88%), finance (-0.75%), transportation and storage (-0.65%), and electrical and electronics (-0.46%).

Among the top 10 KOSDAQ stocks by market capitalization, Alteogen (3.50%), Rainbow Robotics (24.01%), Peptron (2.85%), ABL Bio (7.20%), Samchundang Pharm (5.88%), and Legochem Bio (3.46%) closed higher. In contrast, Ecopro BM (-1.60%), Ecopro (-1.35%), HLB (-0.82%), and PharmaResearch (-0.55%) declined.

Lim Jeongeun and Tae Yunseon, researchers at KB Securities, commented, "Although there are concerns about the recent sharp short-term rise, considering the robust semiconductor sector, expectations for government policy, and improving corporate earnings, there is sufficient room for further gains." They added, "Next week, a large number of earnings announcements are scheduled for companies in shipbuilding, nuclear power, defense, and secondary batteries, which have recently been driving the index higher, so these should be closely watched."

This content was produced with the assistance of AI translation services.