KOSPI Recovers Most Losses After Dropping Below 8,000 Mark on Retail Investor Buying

Today (28th), the KOSPI, South Korea's benchmark stock index, fell below the 8,000 line during intraday trading. However, it managed to recover a significant portion of its losses by the market close, supported by aggressive buying from individual investors.

The market saw significant volatility today, shaken by rising concerns over escalating tensions in the Middle East and the potential for an interest rate hike. News of Iran's attack on a U.S. airbase contributed to investor jitters, as did the Bank of Korea Governor's remarks, who, while announcing a base rate freeze, also hinted at the possibility of future rate increases.

Foreign and institutional investors were net sellers, while individual investors purchased over 3 trillion won worth of stocks, playing a crucial role in defending the index.

Samsung Electronics, the flagship semiconductor stock, closed down over 2% in the 300,000 won range. SK Hynix, after facing intraday weakness, rebounded to finish trading in the 2.28 million won range.