Fintech

KOSPI surges over 7 percent to reclaim 8,300 level; Kosdaq also back above 1,000

South Korea\'s KOSPI rose more than 7 percent early on Thursday, reclaiming the 8,300 level as investor sentiment improved after overnight gains on Wall Street. Semiconductor heavyweights including Samsung Electronics and SK Hynix led the advance. A buy-side car was triggered for the first time in three sessions as KOSPI200 futures surged. The Kosdaq also jumped, returning above 1,000. The won weakened to 1,521.80 per dollar.

Finance

KOSPI ends higher at 7,760 in volatile trade; KOSDAQ surges more than 4 percent

South Korea\'s KOSPI closed slightly higher on June 11 after swinging between gains and losses, paring steep early declines. The index opened sharply lower and fell further intraday before recovering to end up 0.43 percent. Retail investors were net buyers, offsetting foreign and institutional selling. The KOSDAQ rebounded 4.76 percent, and the Korea Exchange activated a buy-side sidecar during the rally.