KOSPI Rebounds Sharply to Reclaim 8,000 Level After One-Day Plunge

The KOSPI rebounded sharply today, reclaiming the 8,000 level just one day after a significant plunge.

The KOSPI closed at 8,088.34, up 440.25 points or 5.76% from the previous trading session.

The index had tumbled 7.89% to the 7,600 range the previous day due to a sharp decline in major semiconductor stocks, but it turned to an upward trend today.

The index opened at 7,739.75, up 91.66 points or 1.20% from the previous session, but it briefly shifted to a decline, falling as low as 7,378.10.

However, it turned upward during the session and expanded its gains, reclaiming the 8,000 level around 1:40 p.m.

It continued to increase its gains thereafter, briefly soaring to 8,136.28.

Amid the rally, a sidecar—a temporary suspension of program buy orders—was triggered at approximately 1:47 p.m. for the first time in six trading sessions.

The KOSDAQ index also closed at 868.41, up 1.69 points or 0.19% from the previous session.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.