KOSDAQ closes at 919.92, up 2.98%, led by Jusung Engineering and biotech
In short
The KOSDAQ closed at 919.92 on October 6, up 26.63 points, or 2.98%, after opening at 902.16, according to Yonhap, Asia Economy, Maeil Business and Chosun Ilbo. Jusung Engineering gained roughly 15% to 17% during the session; Asia Economy and Chosun Ilbo said it rose to second place by KOSDAQ market capitalisation, while Korea Economic Daily said third. Foreigners and institutions were net buyers on the KOSDAQ, while the KOSPI fell 1.41% to 6,904.85, Asia Economy reported.
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The KOSDAQ closed at 919.92 on October 6, up 26.63 points, or 2.98%, from the previous session, according to Yonhap, Asia Economy, Maeil Business and Chosun Ilbo. Chosun Ilbo reported the index opened at 902.16 and widened its gains through the day, describing the session as the first trading day after the holiday period. [ 4 , 5 , 6 , 7 ]
Intraday figures show the rise building during the morning and early afternoon. Chosun Ilbo reported that at 12:20 p.m. the KOSDAQ stood at 916.95, up 23.66 points, or 2.65%, with foreigners and institutions net buying 129.4 billion won and 41 billion won respectively. Asia Economy reported that at 1:47 p.m. the index was at 913.0, up 19.71 points, or 2.21%, with foreigners net buying 106.46 billion won and institutions 50.089 billion won, while individuals were net sellers of 151.309 billion won. Chosun Ilbo’s closing report put foreigners and institutions at 109.4 billion won and 100.2 billion won of net buying for the day. [ 1 , 3 , 7 ]
Jusung Engineering was the standout among large caps. Chosun Ilbo reported a 17% gain, Seoul Shinmun a gain in the 16% range and Asia Economy 15.6%, with a market capitalisation of 12.7 trillion won. Asia Economy said the stock moved up to second place by KOSDAQ market value from fourth, and Chosun Ilbo also placed it second, while Korea Economic Daily said it reached third place. Asia Economy cited a share price of 275,500 won, up 16.24%, at 1:55 p.m. [ 1 , 2 , 3 , 8 ]
Gains were broad. Asia Economy reported pharma up 3.58%, finance up 3.41%, machinery and equipment up 3.06%, electric and electronic up 2.52% and manufacturing up 2.43%, while publishing and media fell 1.18%, transport and warehousing 0.82% and non-metals 0.71%. Among large caps, Alteogen fell 0.9%, while Ecopro gained 5.6%, Ecopro BM 8.6%, Samchundang Pharm 14.7% and HLB 14.5%. Maeil Business reported the KOSDAQ TOP 10 index rose 7.21% and the TOP 15 index about 5%. [ 3 , 6 ]
The KOSPI moved the other way. Asia Economy reported it traded 98.98 points, or 1.41%, lower at 6,904.85, with foreigners and institutions net selling 1.36 trillion won and 126.541 billion won respectively, and individuals net buying 647.798 billion won. Transport equipment and parts fell 1.85%, electric and electronic 1.82%, pharma 1.83%, manufacturing 1.65% and securities 1.01%, while medical and precision instruments rose 4.83%. Chosun Ilbo said the KOSPI was pausing under a high interest rate burden. [ 3 , 7 ]
Korea Economic Daily said the KOSDAQ had recaptured the 900 level for the first time in three months, helped by sharp gains in semiconductor equipment and materials, biotech and secondary battery shares and by combined foreign and institutional buying, and reported an outlook that the KOSDAQ would stay stronger than the KOSPI. The article text carrying that outlook is largely behind a subscription notice and gives no attribution or detail. None of the documents states a reason for the KOSDAQ’s rise or for Jusung Engineering’s gain. [ 8 ]
All index and price levels reported by Chosun Ilbo, Seoul Shinmun and Asia Economy were taken during the session; the closing figures come from Yonhap, Asia Economy, Maeil Business and Chosun Ilbo. [ 1 , 2 , 3 , 4 , 5 , 6 , 7 ]
Why it matters
The session marked a split between Korea’s two main boards, with KOSDAQ technology, battery and biotech names drawing foreign and institutional buying while KOSPI heavyweights lost ground. Korea Economic Daily said the KOSDAQ recaptured the 900 level for the first time in three months and reported an outlook that it would stay stronger than the KOSPI. The documents give no reason for the KOSDAQ move.
Key facts
- The KOSDAQ closed at 919.92 on October 6, up 26.63 points, or 2.98%, from the previous session. [ 4 , 5 , 6 , 7 ]
- Chosun Ilbo reported the index opened at 902.16 and widened its gains through the day, on what it called the first trading day after the holiday period. [ 1 , 7 ]
- At 12:20 p.m. the KOSDAQ stood at 916.95, up 23.66 points, or 2.65%, according to Chosun Ilbo. [ 1 ]
- At 1:47 p.m. the KOSDAQ was at 913.0, up 19.71 points, or 2.21%, according to Asia Economy. [ 3 ]
- Jusung Engineering rose by roughly 15% to 17% during the session, and Asia Economy put its market capitalisation at 12.7 trillion won. [ 1 , 2 , 3 , 8 ]
- Foreigners and institutions were net buyers of KOSDAQ shares while individuals were net sellers, according to Chosun Ilbo and Asia Economy. [ 1 , 3 , 7 ]
- The KOSPI fell 98.98 points, or 1.41%, to 6,904.85, with foreigners and institutions net selling, Asia Economy reported. [ 3 ]
- The KOSDAQ TOP 10 index rose 7.21%, Maeil Business reported. [ 6 ]
Confirmed by several sources
- The KOSDAQ closed at 919.92 on October 6, up 26.63 points, or 2.98%. [ 4 , 5 , 6 , 7 ]
- Jusung Engineering posted a double-digit percentage gain during the session. [ 1 , 2 , 3 , 8 ]
- Foreigners and institutions were net buyers on the KOSDAQ, with individuals net sellers. [ 1 , 3 , 7 ]
- The KOSPI fell while the KOSDAQ rose, with Chosun Ilbo attributing the KOSPI’s retreat to a high interest rate burden. [ 3 , 7 ]
Still unclear
- Chosun Ilbo and Asia Economy said Jusung Engineering moved up to second place by KOSDAQ market capitalisation, while Korea Economic Daily said it reached third place. The outlets disagree on the market-capitalisation ranking the stock reached.
- The size of Jusung Engineering’s gain is reported variously as 17%, about 16%, 15.6% and in the 17% range. The figures come from different points during the session and no document gives a single closing gain for the stock.
- The documents do not state why the KOSDAQ rose or why Jusung Engineering gained. No cause is given; Chosun Ilbo cites a high interest rate burden for the KOSPI’s weakness but gives no driver for the KOSDAQ move.
- Foreign and institutional net buying figures on the KOSDAQ differ between Chosun Ilbo’s intraday report, Asia Economy and Chosun Ilbo’s closing report. The figures were taken at different times of day and the documents do not reconcile them.
- Korea Economic Daily states that the 900 level was recaptured for the first time in three months and that an outlook for continued KOSDAQ outperformance versus the KOSPI has emerged. Single-source claims; the article text carrying the outlook is largely behind a subscription notice and gives no attribution or detail.
- Chosun Ilbo describes October 6 as the first trading day after the holiday period. Reported by a single source.
What local media are saying
Timeline, local time
- KOSDAQ trades at 916.95, up 2.65%, with foreigners net buying 129.4 billion won and institutions 41 billion won. [ 1 ]
- Chosun Ilbo reports the KOSDAQ breaking 910 and Jusung Engineering rising 17% to second place by market capitalisation. [ 1 ]
- Seoul Shinmun reports broad strength in KOSDAQ large caps and a gain of around 16% in Jusung Engineering. [ 2 ]
- KOSDAQ trades at 913.0, up 2.21%, with foreigners net buying 106.46 billion won, institutions 50.089 billion won and individuals net selling 151.309 billion won. [ 3 ]
- Quotes show Jusung Engineering at 275,500 won, up 16.24%, on volume of 2,865,463 shares. [ 3 ]
- Asia Economy reports Jusung Engineering up 15.6% with a market capitalisation of 12.7 trillion won, and the KOSPI down 1.41% at 6,904.85. [ 3 ]
- Yonhap reports the KOSDAQ closed at 919.92, up 26.63 points or 2.98%. [ 4 ]
- Asia Economy reports the same closing level for the KOSDAQ. [ 5 ]
- Maeil Business reports the KOSDAQ close and notes the KOSDAQ TOP 10 index rose 7.21%. [ 6 ]
- Chosun Ilbo reports the KOSDAQ closed at 919.92, up 2.98%, after opening at 902.16, with foreigners and institutions net buying 109.4 billion won and 100.2 billion won. [ 7 ]
- Korea Economic Daily reports the KOSDAQ recaptured 900 for the first time in three months and says an outlook for continued strength versus the KOSPI has emerged. [ 8 ]