[Closing Market] KOSPI Reclaims 6,700 on Semiconductor Rebound
The domestic stock market opened with a sharp drop on Aug. 25, due to unfavorable semiconductor news in early trading, but succeeded in a dramatic rebound and closed higher, driven by strong bargain hunting from retail and institutional investors.On this day, the KOSPI index closed at 6,742.74, up 4
The KOSPI index recovered to 6,742.74 points on August 25, marking a 0.68% increase from the previous trading day. The index opened at 6,535.93, down 161.03 points (2.40%) from the prior close. Global semiconductor stock weakness and uncertainty ahead of Nvidia's earnings announcement in the United States triggered the early market drop.
The index briefly fell below 6,400, but large-cap semiconductor stocks rebounded sharply, boosting the index's upward trajectory. The KOSDAQ index also opened weakly but closed at 827.15, up 1.70% from the prior session. Foreign investors sold 3.8152 trillion won, while retail and institutional investors netted purchases of 2.2225 trillion won, resulting in a slight net buy of 0.4077 trillion won.
Samsung Electronics remained flat, while SK hynix rebounded, closing at 1,678,000 won (0.42% gain). Other notable gains included Doosan Enerbility (10.55%), APR (7.57%), Korea Zinc (6.18%), Samsung Electro-Mechanics (3.34%), and POSCO Holdings (1.37%).
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