KOSPI Rebounds 2.14% on July 14 After Overnight 8.95% Plunge Amid US-Iran Tensions

According to Asia Economy, South Korea's KOSPI index rebounded 2.14% to 6,952.92 on July 14, recovering from a sharp 8.95% drop the previous day to 6,806.93. The rebound was driven by institutional investor buying amid oversold conditions, as markets reacted to escalating US-Iran military tensions and semiconductor sector concerns.

Overseas, US stock indices declined overnight following renewed Middle East conflicts. The Dow Jones fell 0.26%, the S&P 500 dropped 0.79%, and the Nasdaq fell 1.55%. Philadelphia Semiconductor Index plunged 4.78%, with major chip stocks including Nvidia down 3.52% and Micron down 4.32%. Market attention now focuses on US June CPI data releasing tonight (local time) and upcoming Big Tech earnings in late July, which will determine near-term sentiment recovery.