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3w ago

Tech Rally Lifts KOSPI Before Retail Selling Erodes Early Gains

Weak U.S. jobs data prompted retail selling that trimmed the session's early advance.

This photo taken on Sept. 8, 2025, shows the dealing room of Hana Bank in central Seoul right after the opening of the stock market. (Yonhap)
This photo taken on Sept. 8, 2025, shows the dealing room of Hana Bank in central Seoul right after the opening of the stock market. (Yonhap)
Officials work at a dealing room of Hana Bank in Seoul on Sept. 9, 2025. (Yonhap)
This UPI photo shows traders working on the floor of the New York Stock Exchange on Wall Street on Sept. 8, 2025, in New York City. U.S. stocks moved mostly higher on Sept. 8 as inflation data will be announced later this week and a possible interest-rate cut in September. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • The KOSPI rose 0.25% to 3,213.18 in the first 15 minutes of trade before easing.
  • By 11:20 a.m., the index was up 0.15% at 3,209.81 as earlier strength faded.
  • Retail investors sold a net 194.09 billion won, offsetting purchases by institutions at 51.32 billion won and foreigners at 118.86 billion won.
  • Technology leaders advanced, with gains in Samsung Electronics, SK hynix and Samsung SDS helping support the market.
  • Auto shares lagged as Hyundai Motor and Kia extended losses tied to last week's Georgia plant raid that saw about 475 arrests, while the won hovered near 1,389 per dollar.