Finance

KOSPI reclaims 8,000 after one day on institutional buying, up over 8 percent

South Korea\'s benchmark KOSPI surged more than 8 percent on June 9, reclaiming the 8,000 level after a steep fall a day earlier that triggered a circuit breaker and a sell-sidecar. The index closed up 612.52 points at 8,096.93, lifted by institutional buying and rebounds in heavyweight semiconductor shares. Institutions were net buyers, while individuals and foreigners sold. The won strengthened against the dollar in Seoul.

Finance

KOSPI slumps more than 8 percent at open, breaks below 8,000 on semiconductor shock

South Korea\'s KOSPI fell more than 8 percent in early trade, breaking below 8,000 as a slide in U.S. semiconductor shares and a rise in the won-dollar exchange rate weighed on sentiment. Samsung Electronics and SK Hynix dropped below 300,000 won and 2,000,000 won, respectively. A circuit breaker was triggered on the main board, while a sell-sidecar was activated on the KOSDAQ.