Finance

KOSPI surges past 6,900 on semiconductor rally as foreigners and institutions lead buying

South Korea\'s benchmark KOSPI surged more than 3 percent in early trade on Sept. 7, breaking above 6,900 as gains in large semiconductor stocks drew foreign and institutional buying. Samsung Electronics and SK Hynix led advances. Foreign investors and institutions were net buyers, while individuals were net sellers. The Kosdaq also rose. The won strengthened slightly against the dollar. U.S. stocks fell after strong jobs data, but U.S. semiconductor shares gained.

Finance

KOSPI rebounds despite 3.8 trillion won foreign selling; Kosdaq rises 1.7 percent

South Korea\'s KOSPI rebounded after a one-day dip, ending higher despite heavy net selling by foreigners, supported by buying from individuals and institutions. The benchmark fell sharply early and briefly slid into the 6,400 range before recovering all losses in the afternoon. The Kosdaq outperformed with a stronger gain. In Seoul, the won weakened against the dollar.