Korea's composite stock index Kospi recovered from the previous 2% decline, rising as high as 1.6%, underpinned by Hynix buyback and local capital entry. SK Hynix changed from decline to rise, with a maximum increase of 3.2%. The company launched a 2 trillion won three-month share repurchase on Thursday. Local capital bought 518 billion won of Kospi's constituent shares, while foreign investors and retail investors sold them. Han Ji-young, an analyst at Kiwoom Securities, said, “Kospi's sharp drop last Friday seemed excessive, or created conditions for buying on dips.” At the same time, she said, “However, a series of major events in the US will disrupt the market this week, and investors need to prepare for increased volatility.”
Zhitongcaijing · 2d ago
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Korea's composite stock index Kospi recovered from the previous 2% decline, rising as high as 1.6%, underpinned by Hynix buyback and local capital entry. SK Hynix changed from decline to rise, with a maximum increase of 3.2%. The company launched a 2 trillion won three-month share repurchase on Thursday. Local capital bought 518 billion won of Kospi's constituent shares, while foreign investors and retail investors sold them. Han Ji-young, an analyst at Kiwoom Securities, said, “Kospi's sharp drop last Friday seemed excessive, or created conditions for buying on dips.” At the same time, she said, “However, a series of major events in the US will disrupt the market this week, and investors need to prepare for increased volatility.”
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