KOSPI climbs above 7,000 as chip stocks rally

  • Foreign and institutional investors lifted the KOSPI toward 7,000 in early trading.
  • Samsung Electronics gained 3.45%, while SK hynix rose 1.24%.
  • The Kosdaq stood at 826.80 as retail buying offset foreign and institutional selling.

South Korea’s KOSPI rose 1.40% to 6,990.54 by 9:07 a.m. on September 21 after briefly reclaiming 7,000, led by foreign and institutional buying and gains in large-cap semiconductor stocks. Foreign investors bought a net 132.8 billion won in the main board and 118.3 billion won in KOSPI 200 futures, while institutions purchased 69 billion won. Retail investors sold a net 236.9 billion won. Samsung Electronics gained 3.45% and SK hynix rose 1.24%, while LG Energy Solution and Hyundai Motor declined. The Kosdaq was little changed at 826.80, with retail buying offset by foreign and institutional selling. The won traded at 1,387.1 per dollar.

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