{
  "id": 11161433,
  "title": "[Closing Market] Micron Sparks KOSPI Reversal Above 6,970",
  "url": "https://urgent.news/2026/10/01/closing-market-micron-sparks-kospi-reversal-above-6-970",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T10:02:52.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=278086"
  },
  "original_language": "en",
  "account": "On October 1, the KOSPI index experienced a dramatic reversal, closing above the 6,970 mark after initially falling to 6,760 due to selling by foreign and institutional investors. The reversal was fueled by expectations of improved global semiconductor industry conditions and a reversal in foreign supply and demand. Micron Technology, a leading memory semiconductor company, reported an earnings surprise that exceeded market expectations, which helped to quell pessimism about the industry. Samsung Electronics and SK hynix, the leading domestic semiconductors, also turned upward, contributing to a strong rebound in the KOSPI index. The index opened lower at 6,814.49 points, but profit-taking by foreign and institutional investors caused it to fall to 6,765.06 points early in the session. However, after 11:00 a.m., foreign buying power surged into large-cap semiconductor stocks. As semiconductor-related stocks continued to surge, the index expanded its gains every hour, ending the day at 6,971.35 points, an increase of 133.31 points (1.95%) from the previous trading day. The KOSDAQ index also saw a fierce rebound, driven by a surge in semiconductor-related stocks and pharmaceuticals and biotechnology. Foreign and institutional investors turned to buyers amid the market's rebound.",
  "summary": "On Oct. 1, the first trading day of October and the start of the fourth quarter market, the domestic stock market overcame extreme early-session anxiety to stage a dramatic reversal, closing strong. The index, which had retreated to the 6,760 mark early in the session due to a combined selling spree",
  "key_points": [
    "KOSPI index closes above 6,970 after initial drop to 6,760",
    "Micron Technology's earnings surprise boosts semiconductor stocks",
    "Foreign buying power surges, driving KOSPI and KOSDAQ rebounds"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}