Kospi Rebounds on Semiconductor Strength Amid Fed Rate Shock
South Korea's Kospi index climbed 2.47% as chipmakers led a recovery following the Federal Reserve's rate hike, supported by significant net buying from foreign and institutional investors. While retail traders took profits, the stable won-dollar exchange rate and semiconductor strength helped digest the U.S. rate shock.
GN stocks/chips reports that foreign and institutional investors drove the rally with net purchases of ₩128 billion and ₩178 billion respectively, while retail investors sold ₩341 billion to lock in gains. The article also notes that the won-dollar exchange rate held steady at ₩1,382.2, providing further stability to the market.
Source: biggo.comSouth Korea's Kospi index climbed 2.47% as chipmakers led a recovery following the Federal Reserve's rate hike, supported by foreign and institutional buying.
Source: bloomingbit.io
