KOSDAQ +1.50% on a Battery Rebound, Will Chemicals Follow Today?

KOSPI +0.62%, KOSDAQ +1.50%!

If you want to know why KOSPI rose, start with the battery stocks from midday yesterday.

Data was collected at 08:20 on November 5, and both indices are confirmed closing prices from November 4.

Retail investor:

"Why did KOSDAQ rise more than twice as much as KOSPI?"

The headlines point to a rebound in battery and chemical stocks.

How Did KOSPI Close on November 4?

KOSPI: 5,683.80 (+0.62%)

KOSDAQ: 714.95 (+1.50%)

USD/KRW: 1,341.5 (up 0.5 won, reported at 4:27 PM)

Both indices gained.

KOSDAQ led the gains.

Was It Batteries Behind the KOSDAQ Surge? (Source: 11/04 14:17 featured stock article)

An article at 2:17 PM says battery names including Samsung SDI and LG Energy Solution jumped.

The article linked this to expectations of strength ahead of the US midterm elections.

The same day also brought headlines on all-solid-state battery commercialization hopes and a chemicals rebound led by battery materials.

Still, headlines alone cannot pin down the cause of the whole index move.

How Did US Markets Look Overnight? (Source: recent US sector data)

IT and semiconductors: +1.31%

Communication services: +1.18%

Industrials: +0.95%

Energy: -0.85%

Materials: -2.01%

Consumer staples: -2.07%

Chips gained while materials lagged.

Early headlines showed Lucid and Rivian rising amid an EV rally, while Tesla fell.

Concerns about Apple crossing a $5 trillion market cap also stood out.

Today's KOSPI Outlook: What to Watch at the Open?

The morning market report pointed to momentum in battery and renewable energy related stocks. (11/05 08:12)

Here are the three things I check first.

→ 1. Whether yesterday's battery gains hold at the opening price

→ 2. How US materials at -2.01% reach chemical stocks

→ 3. Whether chip interest moves into domestic large caps

On Polymarket, 78% bet on a 25bp Fed hike after December.

So, Up or Down?

Downside pressure

• US materials, -2.01%, possible drag on chemicals
• Consumer staples, -2.07%, defensive weakness
• Apple at $5 trillion, concern over market-cap concentration

Support

• US IT and semiconductors, +1.31%, supportive sentiment
• KOSDAQ, +1.50%, battery rebound
• USD/KRW, 1,341.5, up only 0.5 won

For reference only.

PickStock 💡

You can find related stocks in Theme Leaders and Related Stocks.

• This article is for informational purposes only and is not investment advice.
• Investment decisions and responsibility rest with the investor.
• Figures are as of the time of writing and may change.

This article is for informational purposes only and is not investment advice.