[Digital Today reporter Sangyeop Oh] South Korea's KOSPI edged higher, supported by buying from retail investors and institutions despite net foreign selling of about 2.8 trillion won. The Kosdaq rose more than 2 percent.

On July 27, the KOSPI ended up 65.13 points, or 0.97 percent, at 6,755.75. The index opened at 6,806.27, up 115.65 points, or 1.73 percent, from the previous session. It later gave up early gains and fell to as low as 6,557.39 before paring losses in afternoon trade to finish higher.

In the main board market, retail investors were net buyers of 1.98 trillion won and institutions bought 862.3 billion won net. Foreigners were net sellers of 2.885 trillion won.

The move is seen as a pickup in bargain hunting after a 5.72 percent plunge on July 24, with heavyweight chipmakers such as Samsung Electronics and SK Hynix rebounding to lift the KOSPI.

Samsung Electronics closed at 254,000 won, up 4,500 won, or 1.80 percent, from the previous session. SK Hynix rose 57,000 won, or 3.24 percent, to 1,816,000 won.

Samsung Biologics rose 1.78 percent, LG Energy Solution gained 1.06 percent, KB Financial Group added 0.64 percent and Hyundai Motor rose 0.50 percent.

Samsung Life fell 2.04 percent and SK Square slipped 1.17 percent. Samsung Electro-Mechanics dipped 0.08 percent.

The Kosdaq ended up 16.64 points, or 2.22 percent, at 764.86. It rose as high as 780.39 during the session, but pared gains in the afternoon.

In Seoul's foreign exchange market, the won-dollar exchange rate ended at 1,468.60 won, up 6.10 won from the previous session.

Sidecar triggers in the domestic stock market, which had continued for five consecutive sessions last week, also stopped on the day.