KOSPI
A wave of short-term profit-taking focused on major semiconductor names drove a 2.70% decline; liquidity tug-of-war is likely to continue following the dip below the 7,000 level.
Headline
Daily Market Closing Briefing: September 28, 2026
Key Takeaways
- The KOSPI experienced a sharp pullback, closing down 2.70% at 6,889.74pt amid post-holiday profit-taking and correction pressure on large-cap stocks.
- The KOSDAQ held ground, finishing slightly higher by 0.25% at 846.58pt supported by sector rotation into small- and mid-cap thematic names.
- The Nasdaq surged 2.06% to 27,068.72pt fueled by continued tech momentum, while the USD/KRW exchange rate closed slightly higher at 1,362.80 KRW.
KOSDAQ
Buying flow rotated away from benchmark heavyweights into thematic small- and mid-caps with idiosyncratic catalysts, resulting in a modest 0.25% gain and relative defensive resilience.
NASDAQ
Sustained investment momentum across AI and semiconductor megacaps drove a 2% rally, bolstering global risk appetite.
Today's Watchlist
- Support levels around KOSPI 6,800 and the timing of foreign and institutional fund re-entry
- Whether the USD/KRW exchange rate stabilizes in the 1,360s and the impact of FX volatility on Korean large caps
- Earnings release calendars for global Big Tech and upcoming macro prints following the Nasdaq's breakout above 27,000
Risk Note
This briefing is prepared solely for informational purposes and does not constitute a recommendation or solicitation to buy or sell any specific securities. Market conditions and individual corporate fundamentals are subject to rapid change; exercise caution when making investment decisions.
Last updated: 2026-09-28 16:00:17