KOSPI rises 3.02% as foreign and institutional buying lifts Korean shares

  • KOSPI advanced as foreign investors and institutions led buying in South Korean equities.
  • KOSPI reached 6,888.88, up 201.67 points or 3.02%, by 11:15 a.m.
  • KOSDAQ gained 1.64% to 826.85, with foreigners providing the market’s net buying.

The KOSPI rose 201.67 points, or 3.02%, to 6,888.88 by 11:15 a.m. on the 7th, supported by net buying from foreign investors and institutions. Individuals sold a net 2.2441 trillion Korean won, while foreigners bought 890.7 billion won and institutions bought 752.8 billion won. Samsung Electronics and SK Hynix gained in the 3% and 5% ranges, respectively, alongside advances among other major market-cap stocks. The KOSDAQ rose 1.64%, or 13.35 points, to 826.85, with foreigners as net buyers. Kiwoom Securities researcher Han Ji-young said easing selling pressure in semiconductor stocks could support the market’s recovery as investors digest Oracle’s earnings and August consumer price index (CPI) data, which is expected to be stronger than last week’s reading.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.