[Opening Market] KOSPI Regains 6,100 As Foreign Investors Turn to Buying
On the morning of Oct. 14, the domestic stock market broke out of a steep decline that had continued for 5 consecutive trading days due to unfavorable factors such as the semiconductor shock from China on the previous day, showing a path to a long-awaited rebound. The index, which had been driven to
On October 14, the KOSPI stock market experienced a significant rebound as foreign investors turned to buying, reversing a five-day decline. The index, which had been on the brink of collapsing below the 6,000 mark the previous day, opened with a relief rally and began to recover. Large-cap semiconductor stocks, particularly Samsung Electronics and SK Hynix, played a crucial role in driving the market towards the 6,100 mark.
Foreign investors, who had precipitated the previous day's significant sell-off, shifted to a net buying trend, injecting strength into the market. Institutional investors also contributed to the recovery by adding to their buying positions, while retail investors continued to cautiously observe the market. The KOSDAQ index, which had initially mirrored the KOSPI's decline, began to stabilize and fluctuate closer to the flatline as retail investors turned net buyers.
Despite the technical rebound being a common pattern, industry experts advised investors to maintain a cautious outlook until the long-term prospects of global semiconductor companies and foreign market dynamics were better understood.
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