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Daily Briefing (English)

2026-10-05 · KOSPI & Nasdaq
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Headline

October 5, 2026 Market Briefing: KOSPI Holds the 7,000 Mark as Focus Shifts to Semiconductor Earnings

Key Takeaways
  • The KOSPI rose 0.46% to close at 7,003.74, defending the 7,000 level driven by robust semiconductor exports and positive spillover from Micron's earnings.
  • The Nasdaq advanced 1.19% as signals of a cooling labor market eased rate-hike concerns, though the U.S. 10-year Treasury yield hovering near 5.2% remains a headwind.
  • The USD/KRW fell 0.92% to 1,347.00 KRW amid trade balance improvements and increased dollar inflows, partially easing foreign exchange market volatility.
Highlights

KOSPI

While maintaining momentum above the 7,000 level, concerns over heavy foreign institutional selling and a liquidity vacuum following the end of corporate buybacks persist, making Samsung Electronics' preliminary Q3 earnings on October 8 a critical turning point for market direction.

Highlights

KOSDAQ

Edges down 0.11% to 893.29, showing softer momentum compared to large caps as capital fragmentation across small- and mid-cap growth stocks and prolonged high interest rates cap upside potential.

Highlights

NASDAQ

Rebounds 1.19% to 27,190.86 on bargain hunting across tech and AI themes, though gains remain heavily concentrated in mega-cap tech amid cautious wait-and-see sentiment ahead of Q3 earnings season.

Today's Watchlist
  • Samsung Electronics' Q3 preliminary earnings release and memory division profitability guidance on October 8
  • Whether the U.S. 10-year Treasury yield persists around the 5.3% level and the outcome of the September ISM Services index
  • Continuation of cumulative foreign net selling and liquidity volatility around the National Foundation Day and Hangul Day bridge holidays
Risk Note

Elevated long-term Treasury yields and commodity volatility driven by Middle East geopolitical tensions may limit market upside, with heightened volatility risks stemming from heavy concentration in select mega-cap names.

Last updated: 2026-10-05 16:00:15