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Finance

Korean stock volatility drives retail investors back to U.S. markets

Repeated sharp swings in South Korea\'s stock market are pushing retail money back into U.S. equities. Credit-financed stock balances and unsettled trading receivables have fallen, while investor deposits remain above 100 trillion won. Retail investors turned from heavy buying of SK Hynix and Samsung Electronics to net selling in late July. Net buying of U.S. shares surged, led by the 3-times leveraged semiconductor ETF SOXL. A lower won-dollar exchange rate also reduced costs.

Finance

KOSPI jumps more than 6 percent to reclaim 7,200; buy sidecar triggered in both markets

South Korea\'s KOSPI surged more than 6 percent, rebounding after a near 9 percent drop the previous day, as foreigners bought shares and chip stocks rose. Strong gains triggered a buy sidecar in both the KOSPI and KOSDAQ markets. The KOSPI ended at 7,284.41 after rising as high as the 7,400 level. The won strengthened against the dollar and the KOSDAQ also climbed sharply.

Finance

KOSPI slumps more than 6 percent to 6,000 level for first time since May 4

South Korea\'s KOSPI fell more than 6 percent on Monday as semiconductor stocks slid, dropping to the 6,000 level for the first time since May 4. The Kosdaq also turned lower after rising early in the session. Individuals were net buyers, while foreigners and institutions sold. The Korea Exchange triggered a sell-sidecar that briefly halted program sell orders. The won weakened against the dollar as foreign selling and market jitters grew.