KOSPI Rebounds Above 5,100 Despite "Warsh Shock"... KOSDAQ Also Up 3.42% at Open

KOSPI Opens at 5111.81
KOSDAQ Opens at 1135.94

On February 3, the KOSPI started by recovering the 5100 mark, overcoming the previous day's "Warsh shock" plunge. The KOSDAQ also opened with a gain of over 3% compared to the previous session, briefly dipped, and then rebounded again.

As of 9:31 a.m. on the same day, the KOSPI was trading at 5133.27, up 3.71% from the previous day. The KOSPI opened at 5111.81, reclaiming the 5000 mark just one day after it had collapsed due to the nomination of Kevin Warsh as Chair of the U.S. Federal Reserve (Fed).

On the 3rd, at the dealing room of Hana Bank headquarters in Jung-gu, Seoul, an employee is monitoring the stock market and exchange rates as the KOSPI started with a 3% rise, reclaiming the 5000 mark just one day after a sharp plunge. On this day, the KOSPI index opened at 5114.81, up 165.14 points (3.34%) from the previous session. February 3, 2026 Photo by Jo Yongjun

Most sectors also showed upward trends. Securities rose by 7.87%, electrical and electronics by 5.30%, manufacturing by 3.92%, telecommunications by 3.99%, construction by 3.91%, finance by 3.71%, and distribution by 3.49%. Meanwhile, food, beverages, and tobacco fell by 0.24%.

The leading stocks by market capitalization also saw their share prices increase. SK Hynix rose by 6.3%, SK Square by 6.1%, Samsung Electronics by 5.9%, Hanwha Aerospace by 4.6%, Doosan Enerbility by 3.1%, HD Hyundai Heavy Industries by 2.9%, LG Energy Solution by 1.8%, Hyundai Motor by 1.1%, Samsung Biologics by 0.4%, and Kia by 0.2%.

At the same time, the KOSDAQ index stood at 1130.29, up 2.91% from the previous trading day. The KOSDAQ opened at 1135.94, up 3.52% from the previous session, dropped to as low as 1119.65 in early trading, and then rebounded to near its opening level. Foreign investors and individuals were net sellers of 142.7 billion won and 53.9 billion won, respectively, while institutions were net buyers of 218.1 billion won.

The top KOSDAQ stocks by market capitalization also showed gains across the board. Rainbow Robotics rose by 8.4%, Samchundang Pharm by 7.2%, HLB by 4.2%, Peptron by 3.4%, ABL Bio by 2.8%, Legochem Bio by 2.5%, LIG Nex1 by 2.3%, Alteogen by 1.5%, and both Ecopro and Ecopro BM by 0.2%.

Experts believe that the impact of Kevin Warsh's nomination as Fed Chair will ease on this day, and they expect the market to rise due to bargain hunting and positive factors from the United States. Han Ji-young, a researcher at Kiwoom Securities, said, "The domestic stock market is expected to rebound as volatility caused by the next Fed Chair nomination subsides, and as bargain hunting flows in following the previous day's plunge, supported by relief factors from the United States such as Palantir's earnings surprise."

This content was produced with the assistance of AI translation services.