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South Korea's KOSPI Index Rebounds Over 1% on Wednesday as Retail Investors Buy Amid Foreign Fund Selling

GateNews
StocksIndices
According to China Finance, on Wednesday (May 13), South Korea's KOSPI index rebounded over 1%, reversing early session losses of 3.2%, as retail investors bought stocks amid a foreign fund selling wave. Samsung Electronics initially fell 6.1% after failing to reach a wage agreement with its largest union, though losses narrowed later. Competitor SK Hynix reversed early declines, with the memory chipmaker up over 100% year-to-date in 2026. "The issue for South Korea's market is concentration—it's essentially driven by two stocks," said Dilin Wu, cross-asset research strategist at Pepperstone Group.
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