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The KOSPI swung wildly, dropping near 5% before rebounding to close up 0.73% thanks to institutional and foreign bargain hunting. Volatility in semiconductors and a massive 4 trillion won sell-off by retail investors dominated the day, with all eyes now on the 7,000-point support level.
The KOSPI rebounded on the 9th after a two-day slide, though it remains highly volatile due to concerns over semiconductor "peak" theories and renewed tensions in the Middle East. While U.S. chip stock gains spurred bargain hunting, fears of a global economic slowdown continue to weigh on the market.
Despite record-breaking results, the KOSPI plunged 4.91% to close at 7,656, driven by fears of a semiconductor "peak-out" and a massive 2.9 trillion won sell-off by foreign investors. Profit-taking and geopolitical instability weighed heavily on the market.
After a near 8% plunge due to Meta’s AI overinvestment fears on the 2nd, the Korean stock market staged a dramatic V-shaped recovery on the 3rd, driven by massive institutional buying. A strong rebound in major chip stocks and a sharp 30-won drop in the KRW/USD exchange rate helped flip market sentiment, though the 11-day foreign selling streak remains a concern.
The KOSPI plunged 7.89% to close at 7,648 after Meta announced its entry into the cloud business, fueling fears of an AI supply glut. Semiconductor giants Samsung Electronics and SK Hynix saw record-breaking drops as a US-led semiconductor downturn rattled the entire Korean market.
The KOSPI is under heavy pressure as foreign investors sell off 7.7 trillion won, fueling market volatility. The KRW/USD exchange rate has hit 1,540 won, its highest level since the global financial crisis, as investors remain on edge ahead of critical semiconductor earnings reports.
The Korean stock market is seeing massive volatility, with foreign investors selling off their holdings for the fifth consecutive month. On June 26, the KOSPI tumbled over 3%, and the KOSDAQ hit a new yearly low with a 4.10% drop.
The KOSPI is showing extreme volatility, rebounding 3-4% today after yesterday's "Black Tuesday" 10% crash, fueled by bargain hunting. The initial sell-off was driven by profit-taking in semiconductor giants and weakness in U.S. tech stocks, while record-breaking retail buying and institutional shifts are now supporting the index.
The KOSPI is holding steady at the 9,000-point mark, but the Korean won has surged to 1,520 per dollar—the highest level in 28 years since the Asian financial crisis—stoking fears in the foreign exchange market. Market polarization is deepening, with performance heavily reliant on Samsung Electronics and SK Hynix, while the KOSDAQ struggles due to a slump in bio stocks.
The KOSPI index saw high volatility but managed to close near the 9,000 mark. Meanwhile, the KRW/USD exchange rate neared 1,540 before authorities intervened, pulling it back to the 1,520 range. The market is feeling the heat from foreign profit-taking and the dollar's strength driven by U.S. interest rate hike expectations.
With the U.S. and Iran signing a memorandum of understanding (MOU) to end their war, geopolitical tensions in the Middle East have eased, helping the KOSPI reclaim the 8,700 level. Foreign investors net-bought for the third consecutive day, shifting market sentiment as large-cap semiconductor stocks led the rally.
The KOSPI has surged past the 8,500 mark as Middle Eastern geopolitical risks ease following a US-Iran peace deal. Foreign and institutional investors have been net buyers for two consecutive days, boosting risk appetite, while the won has strengthened to the 1,510 level.
On June 12, the KOSPI surged 4.6% to reclaim the 8,120 level, fueled by hopes for a US-Iran peace deal and the first foreign net buying in 25 sessions. Leading semiconductor stocks drove the rally, while risk-on sentiment pushed the won/dollar exchange rate down to the 1,510 level.
The KOSPI index saw a strong rebound driven by expectations for an end to the Iran conflict. Foreign investors, who had been net sellers for 24 consecutive sessions, turned to net buying worth 1.2 trillion won, signaling a shift in market sentiment and leading the index recovery, particularly in semiconductor stocks.
The KOSPI surged 4.63% to close at 8,123.62, fueled by foreign investors turning net buyers for the first time in 25 trading days. Optimism over a potential end to Middle East tensions, combined with heavy institutional buying in semiconductor stocks, helped the index rebound while the exchange rate fell to the 1,510 won range, reviving risk-on sentiment.
The KOSPI is sliding into the 7,800 range amid Middle East tensions and relentless foreign selling pressure. The won-dollar exchange rate has broken through the 1,520 level, and foreign investors dumped 148.5 billion won in early trading, intensifying fears of currency losses.
The KOSPI saw a strong 3-4% rebound following yesterday's "Black Monday," reflecting a short-term oversold correction. However, massive volatility persists due to currency instability and a relentless 22-day streak of foreign net selling totaling 77.6 trillion won. While easing Middle East tensions and a U.S. semiconductor rally are providing temporary relief, the market remains fundamentally unsettled as the exchange rate hovers around 1,510 won.
South Korea's stock market faced a "Black Monday" hit by a double blow: a sharp decline in US semiconductor stocks and a soaring won-dollar exchange rate. The KOSPI plummeted to 7,442 points—an 8.80% intraday drop—triggering the third circuit breaker of the year, while foreign investors simultaneously dumped trillions of won and the exchange rate breached 1,560 won per dollar, sending market sentiment into freefall.
Global semiconductor weakness is dragging down the Korean stock market, with the won-dollar exchange rate surging to its highest level since the 2008 financial crisis. U.S. semiconductor stock plunges and continuous foreign investor selling are the primary headwinds battering the market.
The KOSPI crashed more than 5% to close at 8,160.59 following weak guidance from U.S. semiconductor equipment maker Broadcom, signaling deteriorating memory chip demand. Foreign investors unleashed record selling pressure (approximately 3.6 trillion won), and the sell-side circuit breaker tripped early in the session as market sentiment collapsed alongside weakness in U.S. tech stocks.
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