Large semiconductor stocks fell sharply, but the KOSPI and KOSDAQ indices, which dropped more than 1% the previous day, started rising on the 2nd.
As of 9:06 a.m., the KOSPI index is up 16.36 points (0.52%) from the previous trading day, recording 3159.29. The KOSPI index opened at 3155.73, up 12.80 points (0.41%) from the previous session.
Most of the stocks in the top market capitalization are on the rise. Semiconductor giants Samsung Electronics and SK hynix are up 0.89% and 0.59%, respectively. Preferred shares of Samsung Electronics are up 0.90%. Samsung Biologics, Hanwha Aerospace, HD Hyundai Heavy Industries, Kia, and KB Financial are also rising. In contrast, companies like Hyundai Motor are declining.
At the same time, the KOSDAQ index is trading at 788.02, up 3.02 points (0.38%). The KOSDAQ index opened at 789.35, up 4.35 points (0.55%) from the previous trading day.
Looking at the top 10 stocks by market capitalization, Alteogen, Peptron, Ecopro, Rainbow Robotics, LigaChem Biosciences, HLB, and Sam Chun Dang Pharm are on the rise. In contrast, ECOPRO BM, PharmaResearch, and ABL Bio are in decline.
On the 1st (local time), U.S. markets were closed in observance of Labor Day. The market will resume normal operations starting on the 2nd, which is the first trading day of September.
On the previous trading day, the 29th of last month, the three major indices of the New York Stock Exchange closed lower across the board. The Dow Jones Industrial Average on the New York Stock Exchange (NYSE) ended at 40,544.88, down 0.20% (92.02 points) from the previous trading day.
On the same day, the S&P 500 index, focused on large-cap stocks, closed down 0.64% (41.60 points) at 6,460.26, while the NASDAQ composite index fell 1.15% (249.61 points) to 21,455.55.
On that day, the won-dollar exchange rate opened at 1,393.0 won, down 0.7 won from the previous trading day. (The value of the Korean won is rising.)