[Opening Market] KOSPI Rebounds Above 5,600 on Tech Buying
On the morning of Oct. 27, the domestic stock market opened with a strong rebound trend, breaking away from the steep decline of the previous trading day. Overnight in the New York stock market, investor sentiment centered on technology stocks improved in tandem with expectations for the initial pub
On October 27, the KOSPI stock market rebounded strongly above the 5,600-point mark, following a steep decline the previous day. This surge was driven by upbeat sentiment in the U.S. technology sector, particularly the anticipated IPO of AI company Anthropic, and an influx of buying interest in large-cap semiconductor stocks. The KOSPI opened at 5,658.65 points, jumping 189.18 points (3.46%) from the prior day's close of 5,469.47 points.
By 10:00 a.m., the index settled at 5,680.24 points (3.85% gain) and briefly touched a high of 5,700.77 points before trading near the 5,680-point level with profit-taking and cautionary selling. The KOSDAQ market also rebounded, rising over 2% to the 745-point mark. Foreign investors were selling KOSPI shares worth around 650 billion won, while domestic institutions and individuals drove the market gains, with net buying of approximately 597 billion won to 600 billion won.
In the KOSDAQ, foreigners net bought stocks worth around 70 billion won, while institutions net bought 10 billion won. Top-cap semiconductor stocks led the rally, with Samsung Electronics surging over 5% and SK hynix rising more than 5%.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
