Business · Markets · 1 hr ago
KOSPI rises after seven-day losing streak
South Korea’s KOSPI rose early on Oct.
16 in Seoul.
The move came after the index had closed lower for seven straight trading days.
At 9:01 a.m., it was up 1.58% at 5,642.25.
It had opened 1.80% higher, at 5,653.99.
The KOSDAQ also climbed, gaining 1.25% to 770.32 at the same time.
The early gains followed a prolonged run of declines, but the figures show trading only at the start of the session.
South Korea’s KOSPI rose at the open on Oct. 16 after closing lower for seven consecutive trading days.
It opened 1.80% higher at 5,653.99, recovering the 5,600 level.
The rebound followed a 20.70% fall from the index’s close on Oct. 2 to its close the previous day.
Bargain buying after the steep decline and gains on Wall Street were cited as factors supporting the rise.
The outlook for a lasting recovery remained uncertain as foreign investors continued selling and US semiconductor stocks stayed weak.
- Who
- South Korea’s KOSPI and KOSDAQ indexes rose at the open.
- What
- The KOSPI opened 1.80% higher at 5,653.99 after seven consecutive losing sessions.
- When
- Oct. 16, 2026.
- Where
- South Korea’s stock market.
- Why
- Bargain buying after a sharp decline and gains on Wall Street supported sentiment. Foreign selling and weakness in US semiconductor stocks remained concerns.
This story does not have two clearly opposing sides.
The KOSPI closed at 7,003.74.
The KOSPI closed lower for seven consecutive trading days.
The KOSPI closed at 5,554.22, down 20.70% from its Oct. 2 close.
The KOSPI opened at 5,653.99, up 1.80% from the previous close.
- KOSPI opening level
- 5,653.99
- Opening gain
- 99.77 points, or 1.80%
- Losing streak
- Seven trading days
- KOSPI close on Oct. 2
- 7,003.74
- KOSPI close on Oct. 15
- 5,554.22