Seoul Stocks End Higher on Bargain Hunting Amid Uncertainties
South Korean stocks saw a slight increase as investors engaged in bargain hunting, with the Korean won also appreciating.
South Korean stocks saw a slight increase as investors engaged in bargain hunting, with the Korean won also appreciating.
On October 2, 2026, South Korean stocks closed slightly higher as investors turned to bargain hunting amidst ongoing economic uncertainties. The benchmark Korea Composite Stock Price Index (KOSPI) rose by 32.39 points, or 0.45%, finishing at 7,003.74.
Despite concerns over rising interest rates and fluctuating oil prices, the market showed signs of recovery. Analysts noted that expectations for an earnings rebound have provided positive momentum. Han Ji-young from Kiwoom Securities commented on the mixed market conditions, stating that while uncertainties prevail, investor sentiment is improving.
Major technology stocks were in focus, with Samsung Electronics remaining stable at 276,000 won, while SK Hynix saw a modest increase of 0.44%, closing at 1.84 million won. The trading volume was relatively low, with 227.64 million shares exchanged, valued at approximately 15.29 trillion won.
The Korean won also strengthened against the U.S. dollar, trading at 1,350.6 won, up by 7.8 won from the previous session. Bond prices rose as yields fell, indicating a shift in investor confidence in the face of macroeconomic challenges.
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