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2026-11-01 · KOSPI & Nasdaq
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Headline

[Weekend Market Review] Caution Over AI Profitability and Tech Pullback Ahead of Next Week's Key Events

Key Takeaways
  • On the previous trading day (2026-10-30), domestic and global equity markets underwent a broad pullback led by tech stocks amid concerns over rising Big Tech AI spending and slowing cash flows.
  • As of today (2026-11-01), regular trading on the KOSPI and KOSDAQ was closed for the weekend, with markets monitoring global macroeconomic variables.
  • The upcoming week may serve as a turning point for potential market rebounds, with the U.S. midterm elections, key employment data releases, and major IT corporate earnings announcements scheduled.
Highlights

KOSPI

Closed for the weekend on November 1. On the most recent trading day (2026-10-30), the index closed at 5,730.74 (-3.48%), facing a sharp correction due to disappointing earnings from global mega-cap tech firms and heavy foreign net selling concentrated in large-cap semiconductor shares.

Highlights

KOSDAQ

Closed for the weekend on November 1. On the most recent trading day (2026-10-30), the index closed at 724.38 (-3.83%), expanding losses amid spreading risk aversion and weakened liquidity.

Highlights

NASDAQ

On the most recent trading day (2026-10-30), the index closed at 25,437.00 (-2.86%). It tumbled sharply as post-earnings debates intensified regarding AI capital expenditure efficiency and profitability, compounded by weak guidance from major chipmakers including Intel.

Today's Watchlist
  • Outcome of the U.S. midterm elections (local time November 3) and potential easing of policy uncertainty.
  • Release of the U.S. October Employment Situation report (nonfarm payrolls, unemployment rate) and cues for Federal Reserve monetary policy trajectory.
  • Earnings announcements from major global tech companies (AMD, Qualcomm, Palantir) and supply overhang from lock-up expirations on the KOSDAQ.
Risk Note

Concerns over deceleration in cash flows relative to massive AI-related capital expenditures may add valuation pressure across global technology equities. In the near term, investors should remain attentive to volatility in foreign capital flows and potential market fluctuations driven by macroeconomic events.

Last updated: 2026-11-01 16:00:35