[KRX Market Close | October 2] KOSPI recovers to 7000 level... KOSDAQ falls for the first time in 6 days

Inflow of cyclical sales due to easing of rising interest rates... KOSPI rises for two days in a row

KOSDAQ remains weak despite strong performance in semiconductors and secondary batteries... Optical communications and oil refinery stocks are strong

On the 2nd, the domestic stock market KOSPI and KOSDAQ were mixed. KOSPI rose for two consecutive days and recovered to the 7,000 level, while KOSDAQ fell after 6 trading days.

According to KRX, KOSPI ended trading at 7,003.74, up 32.39 points (0.46%) from the previous trading day. KOSDAQ closed at 893.29, down 1.00 points (0.11%). The KRW/USD Exchange Rate finished weekly trading at 1,350.6 won, down 7.8 won from the previous trading day.

KOSPI started lower due to the surge in global government bond interest rates and the rise in international oil prices, but turned upward as the intraday interest rate rise eased and cyclical selling by industry appeared. By industry, chemicals rose 3.3%, metals rose 1.8%, communications rose 1.3%, and textiles and clothing rose 1.0%. Large-cap stocks rose 0.4%, mid-cap stocks rose 0.9%, and small-cap stocks rose 0.4%.

In terms of supply and demand, Institutional Investors net bought 3,813 Billion Won, while foreign investors and individuals net sold 1,368 Billion Won and 1,7205 Billion Won, respectively. Foreign Investors net sold 837 Billion Won in finance, 589 Billion Won in pharmaceuticals, and 484 Billion Won in electricity and electronics.

KOSDAQ showed strength the previous day, mainly in the semiconductor, small and medium division and secondary battery sectors due to the strength of large US technology stocks, but turned downward amid global interest rate volatility. By industry, non-metals fell 3.5%, distribution fell 2.5%, and general services fell 2.2%. Institutional investors and individuals net bought 938 Billion Won and 814 Billion Won, respectively, while foreign investors net sold 1742 Billion Won.

Fiber optic stocks are strong on expectations of AI data centers... Oil refining stocks also surge

As expectations that demand for optical communication infrastructure for high-speed and large-capacity data transmission will increase due to the spread of AI data centers, buying pressure was concentrated on related stocks.

Mercury (100590) rose 29.80% to hit the upper limit, and TMC (217590) rose 29.95% on expectations of expansion of AI data centers. Optical communication-related stocks also showed strong performance, with Deokwoo Electronics (263600) rising 19.95%, Bitsaem Electronics (072950) rising 12.82%, and Oi Solution (138080) rising 9.26%.

Oil refining stocks also soared. As international oil prices rose due to China's suspension of oil product exports and heightened tensions in the Middle East, expectations for improvement in refining margins have increased. S-OIL (010950) rose 11.69% and SK Innovation (096770) rose 10.32%.

Individual stocks, including treasury stocks, nuclear power plants, and space, are strong.

SJ Group (306040) rose 29.96% to the upper limit following the decision to purchase shares worth 20 Billion Won, and Korea Pharma rose 16.27% due to the decision to purchase treasury stocks worth 10 Billion Won.

Lotte Energy Materials (020150) rose 18.28% on expectations of a recovery in the secondary battery industry. LK Samyang rose 17.61% as expectations related to the successful docking of Space

Ivision Works rose 14.03% on the first day of trading resumption. Solid (050890) rose 6.00% on the news of the success of demonstrating 5G non-terrestrial network (NTN) data communication using satellite communication, and Duchem Bio rose 4.59% on the news of participation in the Siheung Baegot District bio research paper contest.

On the other hand, Hanchang plummeted 91.07% on the first day of liquidation sale following delisting. Lotte Tourism Development fell 7.40% due to decreased casino sales.