The domestic stock market will be closed for one day on Oct. 5 due to the Gaecheonjeol holiday weekend. No regular trading will take place on either the KOSPI or KOSDAQ that day, and investors are focused on when trading will resume. The first trading day after the holiday weekend is Tuesday, Oct. 6.

According to the Korea Exchange, the domestic stock market will be closed on Oct. 5. This is because Gaecheonjeol (National Foundation Day), Oct. 3, falls on a Saturday this year, making Monday, Oct. 5, a substitute holiday. The Korea Exchange closes the market on public holidays in consideration of factors such as smooth settlement of funds.

Accordingly, the domestic stock market entered the Gaecheonjeol holiday after trading on Friday, Oct. 2. That day, the KOSPI closed at 7,003.74, up 32.39 points (0.46%) from the previous trading day, recovering the 7,000 level.

Investors need to keep in mind that overseas stock market movements, major economic indicators, and global financial market developments during the closure could all be reflected at once when the domestic market opens on Oct. 6.

One more market closure is scheduled even after the Gaecheonjeol holiday weekend. The domestic stock market will trade for three days from Oct. 6 to Oct. 8, then close again on Friday, Oct. 9, for Hangeul Day (Korean Alphabet Day). Trading will resume on Monday, Oct. 12, after the weekend.

With market holidays falling in quick succession in early October, the intervals between trading days will be longer than usual. In particular, attention is focused on how volatility in overseas markets during the holidays and external variables such as exchange rates and interest rates will affect the domestic market.