Kospi Rises Over 3% on Semiconductor Recovery, Joint Buying by Institutions and Foreigners

The Kospi surged over 3% driven by rebounds in semiconductor large-cap stocks and strong buying from institutions and foreign investors. The index opened 0.58% higher at 6,553.88, reaching 6,800 levels during trading as program buying surged. Institutions and foreign investors bought 13.9 trillion won and 2.95 trillion won respectively, while individuals sold 16.57 trillion won. Top stocks saw sharp gains, with Samsung Electronics up 6.15% and SK Hynix rising 4.08%.