finance
South Korean Stocks Rebound 5.76 Percent to 8,088.34
The KOSPI gained 440.25 points Friday after a 7.89 percent drop the prior session. Semiconductor shares led the advance following overnight U.S. market moves.
Jul 3, 3:48 AM·1m read1 source
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South Korean stocks rebounded sharply on July 3, 2026, with the benchmark KOSPI closing at 8,088.34 after rising 440.25 points, or 5.76 percent, Yonhap reported. The index reached an intraday high of 8,211.54 before settling. The advance followed a 7.89 percent plunge on July 2.
The Korea Exchange activated a buy-side sidecar that halted program trading in KOSPI-listed shares for five minutes after the KOSPI 200 Futures Index rose more than 5 percent. Trade volume reached 462.48 million shares valued at 45.23 trillion won. Institutions purchased a net 4.46 trillion won of shares, while foreigners sold a net 2.2 trillion won and individuals sold a net 2.3 trillion won.
Winners outnumbered decliners 587 to 296. Samsung Electronics rose 8.22 percent to 309,500 won. SK hynix gained 10.88 percent to 2.42 million won after falling nearly 15 percent the previous day. SK Square advanced 4.2 percent to 1.59 million won, and Samsung Electro-Mechanics added 3.27 percent to 1.98 million won.
The Korean won strengthened to 1,525.6 won per U.S. , up 30.2 won from the prior session. The yield on three-year Treasurys rose 0.1 basis point to 3.748 percent, while the five-year government bond yield fell 0.1 basis point to 3.980 percent.
"Samsung Electronics and SK hynix opened lower following overnight losses in U.S. semiconductor stocks, but rebounded after Thursday's short-term sell-off, with buying momentum broadening in afternoon trading," Lee Kyoung-min, an analyst at Daishin Securities, said.
