[Opening Market] KOSPI Attempts to Settle at 5,800 Level after Starting with 1.5% Drop
On Nov. 2, the first trading day of November, the domestic stock market started with a sense of caution, inheriting the aftermath of volatility in the New York stock market caused by concerns over the profitability of global big tech and AI investments. Although the October export performance announ
On the first trading day of November, the KOSPI stock market attempted to settle near the 5,800 point level after opening 1.5% lower due to concerns over global tech and AI investments following the previous weekend's record export performance. The index started at 5644.65 points, down 86.09 points (1.50%) from the prior day. Foreign investors and institutions initially showed net selling, reacting to volatility in global tech stocks and exchange rate fluctuations.
In contrast, individual investors and institutions attempted to defend the downward trend by maintaining a net buying stance. Major top-cap stocks, including Samsung Electronics, SK hynix, and LG Energy Solution, experienced mixed performance based on corporate earnings and semiconductor industry conditions. The KOSDAQ index, meanwhile, started at 731.99, up 7.61 points (1.05%) from the previous session, with mixed trends around the flatline due to fluctuating foreign selling pressure and buying dominance by institutions and individuals.
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