KOSPI Recovers 3200 Level After 8 Trading Days... KOSDAQ Also Reclaims 800 Level [fn Closing Market]

[Financial News] The KOSPI index recovered the 3200 level after 8 trading days. KOSDAQ also rose more than 1% to reach the 800 level.
On the 4th, according to the Korea Exchange, the KOSPI index closed at 3200.83, up 0.52% from the previous session. It is the first time the KOSPI index has recovered the 3200 level on a closing basis in 8 trading days since August 25. On this day, the KOSPI started at 3188.84, up 0.14% from the previous session.
The driving force behind the rise was foreigners. On this day, foreigners net purchased 197.7 billion won worth of stocks in the securities market. On the other hand, individuals and institutions sold 289.3 billion won and 19.6 billion won worth of stocks, respectively.
As the number of job openings in the United States fell short of market expectations, expectations for a rate cut increased, which positively affected investor sentiment. The strong performance of tech stocks, centered around Alphabet, in the New York stock market overnight also had an impact. However, the upward momentum was somewhat limited due to caution over the upcoming non-farm payroll and unemployment rate announcements.
Most of the top market capitalization stocks closed higher. Samsung Electronics rose 0.43% from the previous session, SK hynix 1.14%, LG Energy Solution 0.72%, and Samsung Biologics 0.49%. On the other hand, Hanwha Aerospace (-1.06%) and KB Financial (-1.54%) closed lower. Hyundai Motor and Kia closed flat.
By industry, precision medical devices (2.40%), construction (1.84%), chemicals (1.79%), and non-metallic (1.56%) closed higher. On the other hand, insurance (-0.19%) and transportation equipment and parts (-0.05%) closed lower.
On this day, the KOSDAQ index closed at 805.42, up 1.08% from the previous session. It is the first time the KOSDAQ index has reclaimed the 800 level in 6 trading days since August 27.
In the KOSDAQ market, foreigners and institutions net purchased 93.3 billion won and 31.5 billion won worth of stocks, respectively. On the other hand, individuals net sold 110.1 billion won worth of stocks. 

hippo@fnnews.com Kim Chan-mi Reporter