Kosdaq soars 7% while KOSPI gains modestly
KOSPI edged higher but failed to reclaim the 6,300 level, Monday, while the Kosdaq surged more than 6 percent to close above 850. The benchmark KOSPI closed 0.65 percent higher at 6,299.66 after opening up 0.33 percent, snapping a two-session losing streak. Foreign investors sold a net 1.5 trillion won ($1.06 billion) of shares, while retail and institutional investors bought a net 899.8 billion…
The Korea Times reports that the Kosdaq index soared 7% on Monday, closing above 850, while the KOSPI only edged higher, failing to reclaim the 6,300 level. The KOSPI closed 0.65% higher at 6,299.66 after a two-session losing streak, with foreign investors selling a net 1.5 trillion won of shares. SK hynix and Samsung Electronics both saw slight declines, while retail and institutional investors contributed to the gains in the Kosdaq.
Despite the market rally, sentiment toward chipmakers remains fragile due to reports of Apple considering memory chips from China’s CXMT, and hopes for renewed U.S.-Iran talks have faded.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
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- Kosdaq soars 7% while KOSPI gains modestly koreatimes.co.kr
