Kospi closes 0.15% higher after surrendering most early gains

  • Kospi closed higher after retail selling erased most of its early advance.
  • The index gained 0.15% to finish at 7,017.91 on Sept. 22.
  • Foreign investors bought 239.2 billion won for three consecutive sessions.

South Korea's Kospi closed 0.15% higher at 7,017.91 on Sept. 22 after rising more than 2% in early trading and briefly topping 7,100. Retail investors were net sellers of about 2 trillion won ($1.45 billion) on the benchmark market, including 794.2 billion won ($576 million) of Samsung Electronics and 436 billion won ($316 million) of SK Hynix. Samsung Electronics rose 0.91% to 276,500 won, while SK Hynix erased its intraday gain to finish 1.50% lower at 1.84 million won. Foreign investors bought a net 239.2 billion won ($173 million), extending their buying streak to three consecutive sessions. A rebound in international oil prices, including a more than 1% rise in West Texas Intermediate futures, also limited the Kospi's advance. The Kosdaq closed 0.23% lower at 834.38.

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