KOSPI
After tumbling over 3% at the open, the index reversed higher to the 5,768 level driven by coordinated net buying from foreign and institutional investors.
Headline
Domestic Bourses Rebound on Bargain Hunting; Global AI Profitability Concerns Linger
Key Takeaways
- The KOSPI (5,768.01, +1.76%) and KOSDAQ (808.89, +1.78%) rebounded over 1% each as dip-buying emerged following steep early-session losses.
- While the Nasdaq plunged 2.14% in the previous session on AI credit risks and monetization worries, Asian markets saw bargain hunting offset oversold conditions.
- The KRW/USD exchange rate closed the daytime session lower at 1,331.10 KRW, weighed down by exporter dollar-selling flows and broad dollar weakness.
KOSDAQ
Solid dip-buying across tech hardware, equipment, and biotech sectors helped the index comfortably reclaim the 800-point mark.
NASDAQ
The index suffered a sharp correction of over 2% amid financing risks for AI infrastructure firms and broad profit-taking across the semiconductor sector.
Today's Watchlist
- Upcoming Q3 earnings releases and AI CapEx plans from global Big Tech, including Meta and Tesla, scheduled for this week
- Whether foreign capital flows into large-cap Korean semiconductor names will shift toward a sustained net-buying trend
- KRW/USD exchange rate trajectory in response to crude oil price volatility and the Bank of Korea's Monetary Policy Board rate decision
Risk Note
Short-term market volatility may heighten due to macroeconomic headwinds such as widening credit spreads and elevated oil prices, alongside uncertainties surrounding the monetization timeline of the broader AI ecosystem.
Last updated: 2026-10-19 16:00:29