Seoul stocks reclaimed the 7,000 level as risk appetite returned; KOSPI intraday
rose more than 8% on heavy foreign buying of semiconductor names. As of 14:30
local, foreigners were net buyers of KRW 2.4 tln (about $1.61 bln), more than
double Tuesday’s near-KRW 1 tln net purchase. Institutional investors net bought
KRW 180 bln, a slower pace than Tuesday; retail investors were the sole net
sellers, offloading nearly KRW 2.5 tln.