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2026-11-02 09:42:24
[Kospi Recovers 2% Loss and Turns Positive, SK Hynix Buyback and Domestic Funds Provide Support] (1) The Korea Composite Stock Price Index (Kospi) recovered its previous 2% loss, rising as much as 1.6%, mainly driven by SK Hynix's buyback and domestic funds entering the market to provide support. SK Hynix reversed its decline and rose as much as 3.2%; the company launched a 2 trillion won three-month share buyback program on Thursday. (2) Domestic funds made net purchases of 518 billion won of Kospi constituent stocks, while foreign and retail investors sold. (3) Kiwoom Securities analyst Han Ji-young said that the sharp drop in Kospi last Friday seemed excessive and may create conditions for buying on dips; however, she also said that a series of major events in the United States this week will disrupt the market, and investors need to be prepared for increased volatility.
