SK Hynix IncBuyback program aids shares; strong chip demand supports exports.
South Korea's Kospi closed at 6,835.8 points on Tuesday, up 0.23%, as buyback-driven gains in Samsung Electronics and SK Hynix offset net selling from foreign, institutional, and retail investors alike. The index marked its second straight gain, having opened 0.52% lower after fresh U.S.-Iran airstrikes and a hawkish Fed speech from Chair Kevin Warsh unsettled global markets. The Kospi erased losses in the afternoon as government data showed Korea's August exports stayed solid on strong chip demand, with Samsung rising 0.38% and SK Hynix advancing 1.14%, both aided by recently announced buyback programs. Trade volume was light at 263.7 million shares worth 17.5 trillion won ($12.8 billion), with advancers narrowly beating decliners 444 to 421. Foreign investors sold a net 491.9 billion won, institutions sold 634 billion won, and retail investors sold 539.8 billion won. Oil refiners gained on rising crude prices, with SK Innovation up 7.81% and S-Oil up 1.07%, while Hanwha Aerospace fell 3.99% and Celltrion slipped 0.48%. The won weakened 1.8 won to trade at 1,370.4 per dollar as of 3:30 p.m., reflecting broader risk-off pressure from the Middle East escalation.
SK Hynix IncBuyback program aids shares; strong chip demand supports exports.
Samsung Electronics Co LtdBuyback program aids shares; strong chip demand supports exports.
SK InnovationRising crude prices boost oil refiners' margins and revenues.
S-Oil CorpRising crude prices boost oil refiners.
Hanwha Aerospace Co LtdMiddle East escalation and risk-off pressure weigh on defense stock.
Celltrion IncSlipped amid broad selling, no specific driver mentioned.
Samsung Electronics Co Ltd