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South Korea's KOSPI Holds 6,700 Support Despite Foreign Selling; KOSDAQ Up 2% Today

2026-07-27 12:09:24

South Korea's KOSPI index closed higher today despite significant foreign investor selling pressure and intraday volatility. The index recovered to 6,800 early in the session before falling back to settle firmly around 6,700 by market close. The KOSDAQ index showed stronger performance, gaining 2% on the day. Optimism around U.S. technology companies' AI partnerships provided underlying support, though the combined pressure from Chinese semiconductor company listings and heavy foreign outflows contributed to increased market swings.

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