Bearish
KOSPI drops 1.79% to 6,788.88 amid U.S. tariff concerns and foreign sell-off.
The KOSPI index declined by 1.79% to close at 6,788.88 on August 28, 2026, primarily due to investor concerns over potential U.S. tariffs on imported semiconductors. This sentiment was further exacerbated by significant foreign and institutional selling, totaling approximately 2 trillion won. Despite share buybacks by major semiconductor companies like Samsung Electronics and SK hynix, the market remained under pressure.
Key points
- U.S. considers new tariffs on semiconductor imports, impacting KOSPI.
- Foreign investors net sold over 1.7 trillion won, contributing to KOSPI decline.
- Samsung and SK hynix initiated buybacks exceeding 10 trillion won, aiming to stabilize the market.
- KOSDAQ edged up 0.09% to 838.41, indicating mixed investor sentiment.
Sources
- US tariff review jolts Korea market as KOSPI sinks despite chip buybacksChosunBiz · August 28, 2026
- KOSPI Falls 1.79% Amid Foreign Selling and U.S. Tariff ConcernsAju Press · August 28, 2026
- KOSPI Falls 1.79% as Foreign, Institutional Investors Sell 2 Trillion WonSeoul Economic Daily · August 28, 2026
- KOSPI Index closes down 1.79% on August 28KuCoin · August 28, 2026
AI-generated from public news sources. Not financial advice.
