Foreign Investors Push KOSPI to 7,284, Up 6.24% on 2.66 Trillion Won Net Buy

According to Korean Exchange data, foreign investors net bought 2.66 trillion Korean won today (July 15), pushing KOSPI to 7,284.41, up 6.24% and recovering above the 7,000 level within two trading days after falling to 6,806.93 on July 13.

The rebound was supported by passive fund rebalancing following the steep decline and a recovery in semiconductor sentiment. U.S. June CPI came in at 3.5% overnight, below the expected 3.8%, reducing the odds of a Federal Reserve rate hike this month from roughly 40% to 15%, according to Wall Street Journal tracking of interest rate futures. Samsung Electronics rose 6.27% and SK Hynix climbed 8.83%.