Korean Stocks Extend Rebound... Both Markets Up More Than 3%
Foreign Investors Remain Net Sellers
Domestic stock market data is displayed on an electronic board at the dealing room of Hana Bank in Jung-gu, Seoul, on Oct. 16, as the KOSPI opened up more than 1%, rebounding from a sharp decline that continued through the previous day. 2026.10.16. Photo by Kang Jinhyung
View original imageBoth the KOSPI and KOSDAQ were up more than 3% on Oct. 16.
As of 10:25 a.m. on Oct. 16, the KOSPI stood at 5,725.56, up 3.08% from the previous day. It opened at 5,653.99, up 1.80% from the previous day, then fell to the 5,590 level before rebounding and extending its gains.
Foreign investors have yet to return as buyers. At the same time, they were net sellers of 301.1 billion won. From Oct. 2 through the previous day, they had sold a net total of 18.131 trillion won. Meanwhile, retail investors and institutions were net buyers of 23.7 billion won and 75.4 billion won, respectively. Other corporations were net buyers of 202 billion won.
All sectors were higher. The biggest gains were in Entertainment and Culture (6.72%), Pharmaceuticals (5.08%), Transportation Equipment and Parts (4.97%), Distribution (4.89%), IT Services (4.60%), Insurance (4.07%) and Securities (4.02%), in that order. Gains in semiconductor-related sectors, which are key components of the KOSPI, were relatively modest, with Electrical and Electronics up 2.05% and Electricity and Gas up 1.57%.
At the same time, the KOSDAQ stood at 790.39, up 3.89% from the previous day. It also opened at 772.17, up 1.49% from the previous day, before falling to 764.97 at one point in the morning. It soon rebounded and was approaching the 800 mark.
Foreign investors continued to sell. At the same time, foreign investors were net sellers of 134.8 billion won, while retail investors and institutions were net buyers of 71.1 billion won and 55.6 billion won, respectively.
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Most sectors rose. Several sectors gained more than 4%, including Entertainment and Culture (5.34%), General Services (5.10%), Pharmaceuticals (4.98%), Non-Metallic Minerals (4.92%), Medical and Precision Equipment (4.82%) and Metals (4.43%). Publishing and Media Reproduction was the only sector to fall, declining 0.73%.
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