Weekend Market Review: Rate Caution and Next Week's Earnings & Inflation Inflection Point
Key Takeaways
- Domestic equity markets closed lower on the most recent trading session (2026-10-08) amid rising global bond yields and semiconductor peak-out concerns, and remain closed for the Hangul Day and weekend holiday.
- US markets showed mixed performance led by the Nasdaq in the latest session, driven by profit-taking in AI tech stocks alongside monetary policy caution.
- Market participants are focused on next week's release of US September CPI data and the kickoff of Q3 corporate earnings results.
Highlights
KOSPI
Closed for the weekend (last close 6,625.93, -2.62% on 2026-10-08). With the surge in US 10-year Treasury yields and foreign selling in semiconductor heavyweights, defending the 6,600 level will be a key focal point when markets reopen next week.
Highlights
KOSDAQ
Closed for the weekend (last close 892.27, -0.69% on 2026-10-08). Below the 900 mark amid wait-and-see sentiment across small-and-mid-cap tech and the EV battery value chain, the index is poised to seek directional cues next week.
Highlights
NASDAQ
Latest session close 27,366.17 (+0.64%). Delivered modest gains as continued AI demand momentum among mega-cap tech balanced against persistent uncertainty regarding further Federal Reserve tightening.
Top 5 Movers (vs previous close)
-
1
Hanwha Aerospace
012450
KOSPI
-8.33%
Profit-taking following recent sharp gains alongside macro tightening concerns as of the latest trading session (2026-10-08)
-
2
SK Square
402340
KOSPI
-8.06%
Equity valuation discount and heavy foreign net selling driven by concerns over a semiconductor sector slowdown as of the latest trading session (2026-10-08)
-
3
Hyundai Motor
005380
KOSPI
-3.42%
Broad weakness across major export plays due to heightened FX volatility and global economic slowdown concerns as of the latest trading session (2026-10-08)
-
4
Doosan Enerbility
034020
KOSPI
-3.11%
Weakened investor sentiment across infrastructure and growth sectors amid a sharp rise in interest rates as of the latest trading session (2026-10-08)
-
5
SK Hynix
000660
KOSPI
-2.44%
Caution over memory semiconductor cycle peaking out and massive foreign net selling as of the latest trading session (2026-10-08)
Today's Watchlist
- Reassessment of the Fed's monetary policy path via the US September CPI and PPI releases
- Confirmation of corporate earnings fundamentals as Q3 earnings season kicks off for major US financial and mega-cap tech firms
- Direction of foreign capital flows contingent on the trajectory of US 10-year Treasury yields and stabilization of the USD/KRW exchange rate in the 1,340s
Risk Note
Valuation pressures may intensify if crude oil prices rebound and US Treasury yields remain elevated, with short-term volatility likely to increase depending on shifts in earnings guidance across semiconductor and major tech names.
Last updated: 2026-10-10 16:00:29