[Edaily Reporter Kim Kyung-eun ] The KOSPI regained the 7,000 mark on the 2nd, showing a late-session rally just before the market closed. While caution ahead of the release of U.S. September employment data weighed on investor sentiment, large-scale net buying by “other corporations”—presumed to be share buybacks by SamsungElectronics and SK hynix—supported the index’s bottom.

According to MP Doctor, the KOSPI closed at 7,003.74, up 32.39 points (0.46%) from the previous trading day. The index opened at 6,938.27, down 33.08 points (0.47%) from the previous close. It then fluctuated around the 7,000 mark before gaining momentum toward the end of the session and breaking above the 7,000 level. This marks the first time the KOSPI has recovered the 7,000 mark in five trading days, since the 28th of last month.

By investor type, individual investors were net sellers of 1.7205 trillion won, while foreign investors were net sellers of 136.7 billion won. Institutional investors were net buyers of 381.3 billion won, and other corporate investors were net buyers of 1.4828 trillion won.

Among the top two stocks by market capitalization, SamsungElectronics(005930)closed at 276,000 won, unchanged from the previous trading day. SK hynix(000660)closed at 1,841,000 won, up 8,000 won (0.44%) from the previous close.

Among other top-market-cap stocks, SKSQUARE(402340)(0.43%), SamsungElectroMechanics(009150)(1.28%), and LG Energy Solution(373220)(2.91%) rose. Conversely, HyundaiMotor(005380)(-0.72%), SAMSUNG BIOLOGICS(207940)(-4.51%), and SAMSUNG C&T CORPORATION(028260)(-0.29%) fell.

Lee Kyung-min, an analyst at DaishinSecurities, stated, “The domestic stock market remained in a wait-and-see mode due to the lack of new momentum to offset the burden of high interest rates,” adding, “With the U.S. September jobs report scheduled for release tonight, if a slowdown in employment is confirmed, it is expected to have a positive effect on stabilizing U.S. Treasury yields.”

He continued, “Thereafter, until SamsungElectronics announces its preliminary earnings on the 8th, interest rate volatility is highly likely to dictate the direction of the stock market,” adding, “In the absence of major events, we expect limited fluctuations driven by external factors.”

The KOSDAQ closed at 893.29, down 1.00 points (0.11%) from the previous trading day. The index opened at 893.22, down 1.07 points (0.12%) from the previous close, and although it briefly surpassed the 900 mark during the session, it ended the day lower.

Foreign investors were net sellers of 174.2 billion won on the KOSDAQ market. Retail investors and institutional investors were net buyers of 81.5 billion won and 93.7 billion won, respectively.

The two top-market-cap stocks on the KOSDAQ showed mixed performance. Alteogen Inc.(196170)closed at 259,000 won, down 5,500 won (2.08%) from the previous session. ECOPRO CO., LTD(086520)closed at 88,900 won, up 3,800 won (4.47%).

In addition, ECOPRO BM CO., LTD.(247540)(0.87%), Rainbow Robotics(277810)(2.39%), SIMMTECH Co., Ltd.(222800)(4.80%), and LEENO Industrial Inc(058470)(3.56%) rose. JUSUNG ENGINEERING Co.,Ltd.(036930)(-1.66%), WONIK IPS Co.,Ltd.(240810)(-3.69%), and EO Technics Co., Ltd.(039030)(-5.67%) fell.