KOSPI battles 7,000 as foreign buying returns before buybacks end

  • Foreign investors recorded three consecutive KOSPI buying sessions beginning September 4.
  • Foreign investors bought 1.412 trillion won in September through September 9.
  • Samsung Electronics and SK Hynix buybacks are projected to finish around mid-October.

South Korea's KOSPI is testing the 7,000 level as foreign investors return to net buying after more than two months of selling, helped by the won's appreciation and renewed confidence in semiconductor demand. Foreign investors bought a net 1.412 trillion won (approximately $1.1 billion) in September through September 9, including three consecutive sessions of buying since September 4, reversing 21.83 trillion won (approximately $16.3 billion) of net sales over the previous two months. The KOSPI briefly exceeded 7,100 intraday before closing 0.58% lower at 6,954.52, as retail investors sold a net 3.0534 trillion won (approximately $2.3 billion).

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