Nov 2, 2026 Market Closing Briefing: Domestic Bourses Rebound on Institutional Buying Despite US Tech Shock
After dipping to near the 5,600 level early in the session, the index reclaimed 5,850 driven by substantial institutional net buying (approx. KRW 1.2329 trillion) led by pension funds and financial investment firms, alongside bargain hunting and share buyback demand in mega-cap semiconductors like SK Hynix and Samsung Electronics.
Despite dual net selling by foreigners and retail investors, institutional net buying of over KRW 60 billion fueled a rebound, concentrated in secondary battery makers, major materials/parts/equipment names, and biopharma shares.
The index pulled back 2.86% alongside a slide in the Philadelphia Semiconductor Index, weighed down by growing concerns over delayed returns on AI capex following earnings reports from Intel and Big Tech peers.
With foreign investors remaining net sellers and broader volatility surrounding AI bubble concerns still lingering, caution regarding whipsaw risk is warranted rather than chasing rallies.