KOSPI hits record 7,844 after rebounding from intraday 3% plunge

On May 13, the KOSPI rebounded sharply after falling more than 3% during the session and recovered the 7,800 level. In a roller-coaster market, the index reached a record high of 7,844. Heavy selling by foreign investors pressured the market, but buying from retail and institutional investors flowed in and helped lift the index. The session showed how strongly opposing sell and buy orders, along with investor-group fund flows, can move the index direction. After the steep drop and fast recovery, market volatility increased, and future supply-demand trends remain a key factor for the short-term index path. Source: mk.co.kr