The year-end rebound expectations drive the South Korean stock market higher, with KOSDAQ rising over 1%.

Source: BlockMedia Original Title: [Market Opening Report] KOSPI Starts Higher on Year-End Rally Expectations… KOSDAQ Rises by 1% on ‘Thousand-Stock’ Hopes Original Link: On December 1, the South Korean stock market opened higher, driven by expectations of a year-end rebound. The KOSDAQ index rose by more than 1%, and investor sentiment significantly improved due to the government's “Thousand Times KOSDAQ” strategy expectations.

As of 9:12 AM on the morning of the day, the KOSPI index rose by 3.63 points (0.09%) from the previous trading day, closing at 3930.22 points. The index opened strongly with an increase of 41.33 points (1.05%), reaching 3967.92 points, but there was a pullback at the beginning of the trading.

In the stock market, foreign investors net bought 6.43 billion Korean won. Individual investors and institutional investors net sold 3.08 billion won and 2.63 billion won, respectively.

By industry classification, sectors such as pharmaceuticals, electrical electronics, manufacturing, circulation, and medical precision machinery are strong. In contrast, transportation equipment, electrical gas, textiles and clothing, entertainment culture, and general services are weak.

Among the stocks with the largest market capitalization, Samsung Electronics and SK Hynix rose by more than 1%. Samsung Biologics rose by more than 3%. LG Energy Solution and KB Financial showed strength. Hyundai Motor and Kia fell by more than 1%. Doosan Enerbility showed weakness.

Fund company analysts indicate that the domestic stock market will be influenced by macro issues such as ADP private employment data, the PCE price index, and statements from the Federal Reserve Chairman, as well as expectations regarding government policies like the comprehensive measures for revitalizing the KOSDAQ, and it is expected to re-enter the 4000 point range. The expected range for KOSPI during the week is 3850 to 4100 points.

At the same time, the KOSDAQ index rose by 11.58 points (1.27%) compared to the previous trading day, closing at 924.25 points. The KOSDAQ opened at a level of 920.69 points, up 8.02 points (0.88%), and the gains continued to expand.

In the KOSDAQ market, individual and institutional investors net bought 3.29 billion won and 3.62 billion won, respectively, while foreign investors net sold 6.39 billion won.

By industry classification, the mechanical equipment and financial industries increased by more than 2%. The chemical, electrical and electronic, manufacturing, and general services sectors also rose by over 1%. Construction and food tobacco showed weakness.

Among the stocks with the largest market capitalization, Ecoprobe and Rainbow Robotics rose by more than 4%. Ecopro, HLB, and over 3,000 pharmaceutical companies also showed strong increases of 3%. Meanwhile, Peptron dropped by 8%.

On November 27, after news emerged that financial authorities were reviewing measures to revitalize the KOSDAQ market, the Financial Commission stated that “the content of market measures has not yet been determined,” but added that “the review of the capital market revitalization plan is ongoing,” with expectations of continued warming.

Securities company analysts point out that reports of the government and financial authorities preparing the “Thousandfold KOSDAQ Plan” have stimulated investment sentiment in KOSDAQ. Rumors such as “expanding the investment ratio of KOSDAQ risk funds, national growth funds, and pensions in KOSDAQ, and reviewing tax incentives such as income tax deductions” have already spread.

On the same day in the Seoul foreign exchange market, the exchange rate of the Korean won against the US dollar fell by 3.6 won compared to the previous trading day, opening at 1467.0 won.