Bullish
KOSPI rebounds to 7,836.03, up 2.46%, after early plunge below 7,300.
In the past 24 hours, the KOSPI index experienced significant volatility, initially dipping below the 7,300 mark due to a sharp sell-off in U.S. semiconductor stocks. However, the index rebounded to 7,836.03, up 2.46%, driven by institutional buying and a recovery in major semiconductor stocks like Samsung Electronics and SK hynix. This rebound was further supported by a buy-side sidecar activation, indicating strong investor confidence.
Key points
- KOSPI rebounds to 7,836.03, up 2.46%, after early plunge below 7,300.
- Institutional investors net bought over 2 trillion won, supporting the index's recovery.
- Samsung Electronics and SK hynix turn bullish, driving the index higher.
- KOSDAQ continues to weaken after hitting a new annual low.
Sources
AI-generated from public news sources. Not financial advice.
