KOSPI Market Close Review
On November 2, 2026, the KOSPI closed up 128.34 points (2.24%) at 5,859.08. Despite a weak start following the slump in US semiconductor stocks, massive institutional buying and a rebound in major semiconductor shares drove the index higher.
KOSPI Market Close Review — 2026-11-02
On November 2, 2026, the KOSPI closed up 128.34 points (2.24%) at 5,859.08. Despite a weak start following the slump in US semiconductor stocks, massive institutional buying and a rebound in major semiconductor shares drove the index higher.
<!-- /headline -->KOSPI recaptures 5,800 line, jumping 2.24% on institutional buying
<!-- /headline -->Index and Closing Market Overview
Today (the 2nd), the KOSPI finished the session up 128.34 points at 5,859.08. The change rate recorded +2.24%, successfully reclaiming the 5,800 mark. On the same day, the KOSDAQ index closed up 9.98 points (1.38%) at 734.36.
Notable Stocks and Market Features
Movements in the semiconductor sector stood out during today's session.
- Large Semiconductor Stocks: Major semiconductor stocks, which opened lower due to concerns over AI investment profitability among US big tech companies, rebounded during intraday trading to lead the index gains.
- SK Hynix & Samsung Electronics: Bolstered by expectations surrounding SK Hynix's recently announced strong earnings, selling pressure that weighed on Samsung Electronics late last week subsided, leading to a rebound.
- Other Stocks: While specific lists of top gainers and losers were not detailed in the latest available data, analysts suggested that focusing on semiconductor-led leading stocks was generally effective.
Key Supply-Demand and Economic Issues
The market was influenced by the following macroeconomic factors and supply-demand shifts today:
- Inflow of Institutional Buying: Institutional investors drove the index up by recording approximately 1 trillion won in net purchases, serving as a key driving force to offset foreign selling pressure.
- Exchange Rate Rise: In the Seoul foreign exchange market, the won-dollar exchange rate closed up 9.5 won from the previous trading day's daytime close at 1,343.8 won.
- Awaiting US Midterms and Macro Indicators: Expectations for easing uncertainty grew ahead of the US midterm elections and major economic indicator releases scheduled for tomorrow (the 3rd). Securities firms advised paying closer attention to the macroeconomic environment than corporate earnings.
Market Summary and Outlook
Today's KOSPI rally had a strong character of a 'technical rebound driven by institutional buying.' Although it opened lower due to US-origin AI bubble concerns and semiconductor earnings worries, large-scale capital inflows from institutions and expectations of robust semiconductor exports helped overcome these headwinds.
However, risk factors remain going forward: the exchange rate climbed back into the 1,340-won range, sustaining downward pressure on the Korean won, and volatility could expand again depending on the outcome of tomorrow's US midterm elections.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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