KOSPI steadies near flatline as KOSDAQ climbs 2% despite US headwinds

  • KOSPI recovered most early losses while KOSDAQ advanced during South Korea’s session.
  • KOSDAQ rose 16.12 points, or 2.00%, to 822.91 by the reported update.
  • Foreigners and institutions sold net ₩751.3 billion and ₩310.1 billion, respectively.

South Korea’s KOSPI stood at 6,683.26 at 11:06 a.m. on the 15th, down 0.02%, after opening lower and falling as far as 6,625.15. Retail investors and other corporate entities bought a combined net ₩1.06 trillion, helping offset net selling of ₩1.0614 trillion by foreigners and institutions. The KOSDAQ rose 2.00% to 822.91, led by technology and robotics shares. Overnight declines in all three major US indexes, a rise in the US 10-year Treasury yield above 5.0%, higher oil prices and concerns about AI investment weighed on South Korean stocks. Kiwoom Securities analyst Han Ji-young said the market could recover its previous-session losses because much of the concern appeared to have been priced in. Treasury yields and oil prices remain key near-term variables.

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KOSPI steadies near flatline as KOSDAQ climbs 2% despite US headwinds - CoinPost Terminal