KOSPI
The KOSPI experienced a volatile intraday session amid U.S. midterm election jitters and foreign selling concerns, but turned positive late in the day on dip-buying to close at the 5,683 level.
Headline
November 4, 2026 Financial Briefing: Relief Rally Driven by Dip-Buying
Key Takeaways
- Overcoming the previous session's sharp decline, the KOSPI and KOSDAQ rebounded by 0.62% and 1.50%, respectively, supported by bargain hunting.
- Despite caution surrounding the U.S. midterm elections, Wall Street saw the Nasdaq rise 0.83%, boosted by rebounds in mega-cap AI and semiconductor stocks.
- The USD/KRW exchange rate edged down to 1,342.30 KRW, signaling a slight easing in risk aversion.
KOSDAQ
After threatening to break below the 700 mark in the prior session, the KOSDAQ rebounded 1.50% to settle at the 714 level, led by semiconductor materials, parts, and equipment (MPE) along with growth stocks.
NASDAQ
Despite lingering concerns over Big Tech capital raising and regulation, the index extended its rebound toward the 25,372 level, bolstered by strength in semiconductor names such as Micron and NVIDIA.
Today's Watchlist
- Shifts in congressional dynamics and the outlook for tech and AI regulation following U.S. midterm election results
- Whether foreign investors turn net buyers in KOSPI and KOSDAQ, alongside supply-demand stability in large-cap semiconductor stocks
- Upcoming key macroeconomic data releases that could impact global oil price volatility and the Federal Reserve's rate path
Risk Note
Given widening intraday index volatility, short-term supply digestion during this technical rebound phase may persist, warranting caution against chasing rallies.
Last updated: 2026-11-04 16:00:25