KOSPI recovers 6,700 level on semiconductor rebound

The KOSPI recovered the 6,700 level, closing at 6,717.97, a 1.37% increase from the previous session. This rebound was driven by a recovery in semiconductor stocks and significant buying from institutional and other legal entities, which offset heavy selling by foreign investors who net sold approximately 1.68 trillion won.

Key semiconductor players saw notable gains, with Samsung Electronics rising 2.01% and SK Hynix increasing by 4.08%. This domestic movement follows a strong rebound in the US market, where the Philadelphia Semiconductor Index rose 3.14% and Micron Technology surged 5.50%.

Market sentiment is currently influenced by stabilizing US Treasury yields, with the 10-year yield falling below 5%, and the market's digestion of the Federal Reserve's recent interest rate decisions. Investors are now shifting focus toward the Federal Open Market Committee (FOMC) dot plot and future monetary policy signals. Additionally, the upcoming Bank of Japan (BOJ) monetary policy meeting is identified as a potential variable for regional market stability.