KOSPI rebounds as chip stocks rally, but analysts warn of further volatility

Nov 8, 2026 08:25 (18h ago)

The KOSPI reversed an early decline and reclaimed the 5,110 level as institutional buying and large-cap semiconductor shares supported the advance.
The index stood at 5,117.13 at 11 a.m., up 1.14%, while institutions bought about 500 billion won and Samsung Electronics and SK hynix gained 2.54% and 4.06%, respectively.
Analysts favored sideways trading over a near-term V-shaped recovery as volatility remained elevated following the earlier 6.02% plunge and amid AI, regulatory and U.S. interest-rate concerns.

South Korea’s KOSPI reversed an early decline on Nov. 9, rising 1.14% to 5,117.13 by 11 a.m. after briefly falling below 5,000. Institutional investors bought about 500 billion won of main-board shares, while Samsung Electronics and SK hynix gained 2.54% and 4.06%, respectively. The rebound remained fragile after the index’s earlier 6.02% plunge and circuit breaker, with analysts favoring sideways trading over a near-term V-shaped recovery as investors assessed AI investment costs, regulation, global economic events and higher U.S. rate risks. The Kosdaq also rose 0.55% to 647.87, while broader Asian markets recovered part of their previous losses. A stronger U.S. jobs report pushed expectations of at least a 25-basis-point Federal Reserve rate increase in December to nearly 80%; Bitcoin fell more than 2% to $73,708 and ether about 5% to $2,223.