KOSPI rallies over 2% as investors look past US tech rout

The KOSPI index in South Korea rallied over 2 percent on Monday, with investors seeming to overlook the decline in US tech stocks. This rebound was largely driven by institutional buying, which helped stocks recover from early losses. The benchmark KOSPI closed at 5,859.08, up 2.24 percent. This shift in investor sentiment is significant, as it suggests that investors are looking beyond concerns about the profitability of certain investments, such as those in artificial intelligence.

Why it matters

Investors are looking past the US tech rout and buying Korean stocks, which could lift the market. Institutional buying is helping the KOSPI rebound from early losses.

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