In early trading on the 10th, the KOSPI rose more than 1% and reclaimed the 4,000 level.
As of 9:08 a.m. that day, the KOSPI was up 52.93 points (1.34%) from the previous session at 4,006.69. The KOSPI opened at 3,991.87, up 38.11 points (0.96%).
In the main board, foreigners and institutions were net buyers of 2.5 billion won and 110 billion won, respectively, supporting the index. Individuals had a selling advantage of 100 billion won.
Seven of the top 10 stocks by market cap were higher. Samsung Electronics, SK hynix, Hyundai Motor, Doosan Enerbility, and KB Financial were trading above the previous day's levels. In contrast, LG Energy Solution and HD Hyundai Heavy Industries were weaker.
At the same time, the KOSDAQ was down 1.8 points (0.21%) from the previous session at 875.01. The KOSDAQ opened at 882.44, up 5.63 points (0.64%) from the prior session.
On the KOSDAQ, individuals and institutions were net buyers of 65 billion won and 2.5 billion won, respectively. Foreigners alone turned to "sell," offloading 67 billion won.
Among top KOSDAQ stocks by market cap, trading was mixed. Alteogen, HLB, ABL Bio, and LigaChem Biosciences were stronger. In contrast, EcoPro BM, EcoPro, Rainbow Robotics, and Peptron were trading below the previous day's levels.
Han Ji-young, a Kiwoom Securities researcher, said, "Considering the fundamentals of the domestic stock market, last week's net selling by foreigners had strong oversold characteristics, which in turn raises the likelihood that foreign net selling will calm down this week."
Last week, New York stocks ended mixed across the three major indexes. The Dow Jones Industrial Average and the Standard & Poor's (S&P) 500 rose 0.16% and 0.13%, respectively. In contrast, the Nasdaq Composite fell 0.21% to 23,004.54 at the close.
Early in the session, a controversy flared over OpenAI reportedly seeking government guarantees for infrastructure investment, sending technology stocks broadly lower. The drop in consumer sentiment to an all-time low also dampened investor sentiment. However, after news that the Democratic Party proposed a stopgap budget compromise to the Republican Party, expectations for lifting the U.S. federal government shutdown grew, trimming the indexes' losses.
Lee Kyung-min, a Daishin Securities Co. researcher, said, "As the U.S. shutdown drags on to a historically long period, consumer sentiment is clearly weakening, and concerns over the accumulating economic slowdown are heightening uncertainty about the year-end shopping season."
At the same time in the Seoul foreign exchange market, the won-dollar exchange rate stood at 1,455.00, down 4.2 won from the previous session.