KOSPI Closes at 7,822.24 as Chip Stocks Surge Despite Foreign Selling

The KOSPI climbed more than 4% and closed at 7,822.24, driven by a sharp rally in semiconductor shares. The index moved close to breaking above the 7,900 level, showing strong momentum. According to the original report, strength in the semiconductor sector was the key reason behind the advance. Foreign investors net sold nearly 4 trillion won, but the surge in chip-related stocks led the broader index higher. The market’s ability to rise despite heavy foreign selling highlights a clear concentration of buying in specific sectors. Whether the KOSPI can cross 7,900 may depend on the continued trend in semiconductor shares. Source: mk.co.kr