Kospi Rebounds in Intraday Trade After OpenAI-Driven Drop; Kosdaq Holds Slight Gain
Forecast Trend Report by Period
South Korea’s Kospi erased earlier losses and turned higher in afternoon trading.
As of 1:05 p.m. on April 29, the benchmark index was up 20.38 points, or 0.31%, at 6,661.4. It opened 0.33% lower and at one point fell as much as 0.68%, slipping below the 6,600 level, before reversing course on buying by institutions and retail investors.
Institutions and individuals were net buyers of 472.7 billion won and 429.3 billion won, respectively. Foreign investors were net sellers of 840.8 billion won.
Samsung Electronics Co. and SK Hynix Inc., which opened lower on concerns over OpenAI's growth, also moved into positive territory. Samsung Electronics was up 0.23% from the previous session, while SK Hynix gained 0.15%.
The Kosdaq index traded near flat. It was up 0.09% at 1,216.71.
Noh Jeong-dong, Hankyung.com reporter, dong2@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
