South Korea’s benchmark KOSPI index rebounded on Jan. 9, recovering the 2,530 level in early trading as foreign investors drove buying momentum.
The KOSPI closed at 2,521.9 on this day, up 0.03% from the previous day, recording gains for five consecutive days. The index climbed above 2,530 around 11 a.m. before dropping back to 2,520 levels in the afternoon.
Foreign investors were net buyers, purchasing 740 billion won worth of stocks. Institutions and retail investors sold shares worth 320 billion won, and 500 billion won, respectively.
Among top market-cap stocks, SK Hynix rose 5.29%, followed by Kia (up 2.28%), KB Financial (1.29%), and Hyundai Mobis (0.80%.
In contrast, Samsung Electronics fell 2.09%, along with LG Energy Solution (-4.02%), NAVER (-2.17%), and POSCO Holdings (-0.95%).
The KOSDAQ closed at 723.52, up 0.54% from the previous day, extending its winning streak to seven consecutive trading days.
The Korean won weakened as the dollar rallied after the upcoming Trump administration announced a slew of protectionist policies. The won-dollar exchange rate surged to 1,460.5 won per dollar, up 5.5 won from the previous day.
