South Korea’s KOSPI opened 0.56% lower at 5,209.71 on Nov. 11 after US inflation exceeded market expectations and technology stocks fell overnight, renewing concern about prolonged Federal Reserve rate tightening. The index later recovered to 5,249.20, up 0.19%, by 10 a.m., while a later update put it around 5,266, up 0.52%. The KOSDAQ opened 0.13% higher at 668.48 and at one point climbed 2.98% to 687.49. Retail investors bought about 120 billion won in KOSPI shares, absorbing much of the selling by foreign investors, who sold approximately 80 billion won concentrated in large-cap semiconductor and vehicle stocks. Institutional investors sold about 70 billion won. Samsung Electronics and SK Hynix edged higher after early declines, while Celltrion, battery makers and several KOSDAQ-listed biotechnology and secondary-battery shares gained. The won opened at 1,343.5 per dollar, down 6.0 won from the previous close, and traded in the low-to-mid 1,340-won range. South Korea’s exports more than doubled year-on-year to $33.5 billion in the first 10 days of November, led by a 331.2% increase in semiconductor shipments. Investors were watching foreign selling and whether the currency would settle in the 1,340-won range for clues to the market’s late-session direction.