[KRX deadline | October 16] KOSPI rebounds after 8 trading days... KOSDAQ surges 4.46%

Concerns about falling U.S. government bond yields and tightening are easing... KOSPI recovers to 5668 level, KOSDAQ rises in 7 trading days... Bio, AI, and robotics stocks are strong

On the 16th, the domestic stock market KOSPI and KOSDAQ rose together. As buying power flowed into both markets, which had plummeted the previous day, KOSPI recovered to the 5,600 level, and KOSDAQ also rebounded by more than 4%.

According to the Korea Exchange, KOSPI ended trading at 5,668.05, up 113.83 points (2.05%) from the previous trading day. KOSDAQ closed at 794.78, up 33.96 points (4.46%). The won-dollar exchange rate ended the week at 1,331.4 won, down 13.2 won from the previous trading day.

KOSPI started higher due to easing concerns about credit risk for AI infrastructure companies and falling U.S. Treasury yields. During the day, as concerns about further tightening tightened following remarks by the Chairman of the U.S. Federal Reserve (Fed), the rise expanded and closed at a strong 2% level.

By industry, medical and precision equipment rose 6.1%, pharmaceuticals rose 4.7%, distribution rose 4.3%, and transportation equipment and parts rose 4.2%. Large-cap stocks rose 2.1%, mid-cap stocks rose 1.2%, and small-cap stocks rose 1.9%.

In terms of supply and demand, Foreign Investors net bought 362.5 billion won, while institutions and individuals net sold 681.2 billion won and 508.3 billion won, respectively. Foreign Investors net purchased 141.4 billion won in finance, 84.8 billion won in transportation equipment and parts, and 72.8 billion won in IT services.

KOSDAQ saw an influx of buying power, especially in the machinery and equipment and electricity and electronics industries, thanks to the easing of concerns over AI companies' financing and the decline in U.S. Treasury yields. By industry, medical and precision equipment rose 7.0%, non-metals rose 6.3%, and general services rose 6.1%. Institutions net bought 171.1 billion won, while Foreign Investors and individuals net sold 91.7 billion won and 92.6 billion won, respectively.

Bio stocks are strong... AI and robot-related stocks soar

RigaChem Bio (141080) rose 8.76% on the news that the first patient was administered the first patient in phase 1 and 2 global clinical trials of its self-developed antibody drug conjugate (ADC) candidate 'LCB02A'. L&C Bio (290650) surged 23.63%, recording a subscription rate of 103.92% for existing shareholders in a paid-in capital increase worth 144.7 billion won.

Dalva Global (483650) rose 8.32% on the prospect of improved profitability due to efficiency in advertising costs. APR (278470) rose 9.23% on the news that it will expand its supply of skin boosters to Central and South America, starting with Chile.

Secondary battery-related stocks also showed strength. Sama Aluminum (006110) rose 9.57% on expectations of increased demand for aluminum foil for ESS. Cenotech (222420) rose 10.30% after signing a contract to supply secondary battery additives worth 12.9 billion won, equivalent to 36.18% of last year's sales.

Eco&Dream (101360) rose 30.00% to the upper limit due to the completion of payment of 35 billion won worth of convertible bonds and plans to expand precursor shipments next year.

AI infrastructure and robot-related stocks also soared. TS Trillion (317240) rose 30.00% and hit the upper limit on the news of joint development of Cheonan AI data center with a total project cost of 2.3 trillion won. Wooriro (046970) rose 21.96% after signing a contract to supply optical semiconductors for data centers worth 22.8 billion won, equivalent to 53.6% of last year's sales.

Dynamic Solutions (290660) rose 17.09% on the news of a demonstration of a rehabilitation robot hand that combines brain-computer interface (BCI) and AI. LivesMed (491000) soared 28.24% on expectations for the commercialization of the surgical robot 'Stark'.

Defense stocks also rose as geopolitical tensions in the Middle East increased. Hanwha Aerospace (012450) rose 7.77%, and Hanwha Systems (272210) rose 5.19%.

Poor performance, stocks plummet after resumption of trading

Korean Air (003490) plunged 10.53% as its operating profit ratio fell due to the burden of fuel costs despite increased sales in the third quarter.

Kukdo Chemical (007690) fell 11.17% following the announcement of provisional results showing that operating profit for the third quarter was 4.8 billion won, down about 90% from the previous quarter.

Woojin Entech (457550) was excluded from the substantive review for listing eligibility and plummeted 21.23% on the first day when trading resumed.