Market index
KOSDAQ
The composite index covering the entire KOSDAQ market. Weighted toward small-cap growth names in biotech, batteries, and software, it swings more with risk appetite and retail flows than the KOSPI.
KOSDAQ latest observations
- Observed
- 2026-11-09
- Latest
- 639.0 pt
- Change from previous
- ▼ -5.30 pt
Check the observation dates in both the summary and chart; release and refresh times can differ.
At a glance
KOSDAQ: latest value and prior change
As of 2026-11-06, KOSDAQ is 644.3 pt. It is 34.14 pt lower than 678.4 pt on 2026-11-05.
Across 173 available observations from 2026-02-24 to 2026-11-06, the latest value is at the tie-adjusted 0th percentile.
- Observed on
- Default comparison window
- 2026-02-24–2026-11-06
- Observations · observed cadence
- 173 · Daily
- Data source
- Naver Finance
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Market reading
Put this number in context
Reading the market · 12 min read
Why are my stocks falling when the index rises? Reading breadth and concentration
Calculate KOSPI breadth for October 21, 2026 using 30 stocks' regular-session closes, with source data, after-market price differences and a transparent correction of the comparison basis.
Worked example and checking stepsCredit and liquidity · 7 min read
Can credit rise while its ratio falls? Reading margin balances and investor deposits
Work through fictional margin credit of KRW 20→21 trillion and deposits of KRW 50→60 trillion, separating balance growth, an aggregate ratio and your own account's collateral risk.
Worked example and checking steps2026-08-10 → 2026-11-06 · pt
- First
- 854.5 pt
- 2026-08-10
- Latest
- 644.3 pt
- 2026-11-06
- Window low
- 644.3 pt
- 2026-11-06
- Window high
- 919.9 pt
- 2026-10-06
The horizontal axis follows observation order; calendar intervals may differ. High and low refer to observed values within this window, not intraday or all-time extremes. Ties show the first observation date.
Time-series chart
KOSDAQ
2026-02-24–2026-11-06
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-11-06 | 644.3 pt | 2026-11-05 | -34.14 pt |
| 2026-11-05 | 678.4 pt | 2026-11-04 | -36.54 pt |
| 2026-11-04 | 715.0 pt | 2026-11-03 | 10.56 pt |
| 2026-11-03 | 704.4 pt | 2026-11-02 | -29.97 pt |
| 2026-11-02 | 734.4 pt | 2026-10-30 | 9.98 pt |
| 2026-10-30 | 724.4 pt | 2026-10-29 | -28.85 pt |
| 2026-10-29 | 753.2 pt | 2026-10-28 | -18.05 pt |
| 2026-10-28 | 771.3 pt | 2026-10-27 | 27.45 pt |
| 2026-10-27 | 743.8 pt | 2026-10-26 | 16.62 pt |
| 2026-10-26 | 727.2 pt | 2026-10-23 | -24.48 pt |
Source: Naver Finance
Interpretation guide
Reading KOSDAQ returns alongside market breadth
The KOSDAQ composite covers every listing on Korea's KOSDAQ market, capitalization-weighted with a base of 1,000 set on July 1, 1996. Different constituents and sector weights can produce different returns from KOSPI. Check retail investors' trading direction in net-buying data separately from index returns.
How it differs from KOSPI
The indexes weight constituents from different markets by capitalization. Opposite moves on the same day do not by themselves explain investor sentiment or capital flows. Compare contributions from leading stocks and sectors with investor flows over matching periods.
- KOSDAQ outperforming KOSPI means its index return was higher over the same period. Check retail net buying and sector contributions before attributing the gap to renewed retail risk appetite.
- A larger KOSDAQ decline when both indexes fall does not establish forced selling as the cause. Check changes in margin balances and whether separate forced-liquidation data is available.
- Check whether the index's top weights are concentrated in one theme before reading a rally as broad.
Margin credit and volatility
Margin borrowing can amplify gains, losses and collateral pressure, but falling indexes and margin balances do not quantify forced liquidation. Balances reflect both new borrowing and repayments. Compare KOSDAQ margin balances with the index and turnover on matching dates, and verify selling causes separately.
- The meaning of a margin balance depends on the comparison period and market size. Check its history and ratio to market capitalization together.
- A lower balance after a sell-off means outstanding borrowing has decreased. It does not distinguish voluntary repayment from forced liquidation or establish how long a subsequent rebound will last.
- Higher turnover in KOSDAQ than KOSPI does not alone establish overheating. Compare each market with its usual turnover and check concentration in individual stocks.
Uses and misreads
A handful of large thematic names can carry the index, so the level alone is a poor guide to small-cap health. Read the index together with advance-decline counts, margin balances, and turnover.
- An index can rise while decliners outnumber advancers. Index direction then differs from breadth by stock count; stock and sector contributions are needed to identify any theme concentration.
- During a prolonged KOSDAQ decline, check cumulative retail, foreign and institutional net buying separately. Index direction alone does not establish retail de-risking.
- Rising rates can increase discount-rate pressure on growth stocks, but earnings expectations and sector composition also change. Rate direction alone does not predict KOSDAQ's relative return.