[Asia Economy Reporter Lee Jung-yoon] On the first trading day of October, the KOSPI is on the rise in the early session on the 4th.
As of 9:10 a.m. that day, the KOSPI index was recorded at 2,181.16, up 25.67 points (1.19%) from the previous trading day. The index opened at 2,189.51, up 34.02 points (1.58%). Individuals and foreigners led the index increase by purchasing approximately 68.7 billion KRW and 10.8 billion KRW worth of stocks, respectively. Institutions sold a net amount of about 80.5 billion KRW.
The KOSDAQ index is also on the rise. At the same time, the KOSDAQ index was at 683.63, up 10.98 points (1.63%). The index closed at 672.65 on the previous trading day but started trading at 685.19, up 12.54 points (1.86%). Individuals and institutions bought net amounts of approximately 28.3 billion KRW and 13.2 billion KRW, respectively, while foreigners sold a net amount of 38.9 billion KRW alone.
On the 3rd (local time), the U.S. stock market closed higher. The Dow Jones Industrial Average rose 765.38 points (2.66%) to 29,490.89, the large-cap-focused S&P 500 index closed at 3,678.43, up 92.81 points (2.59%), and the tech-heavy Nasdaq index rose 239.82 points (2.27%) to 10,815.44. A rebound buying trend was confirmed following last month's plunge. During September, the Dow fell 8.8%, the S&P 500 dropped 9.3%, and the Nasdaq declined 10.5%.
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