KOSPI Rebounds 2.5% as Chip Rally and SK hynix ADR Demand Trigger Buy-Side Sidecars
The KOSPI rose 2.52% and the KOSDAQ jumped 5.47% as a US chip rally and seven-times-oversubscribed demand for SK hynix’s Nasdaq ADR listing fired up sentiment, triggering buy-side sidecars. Institutions bought the dip while retail and foreign investors sold.