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South Korea’s KOSPI Index kicked off April 8 with a strong rebound, jumping 45.47 points (1.95%) to reach 2,373.67 as of 9:01 am KST. This comes after a brutal 5.57% fall on April 7, where the index closed at a 52-week low amid global panic over trade wars and market volatility.
April 8 KOSPI Early Session Snapshot
- Index: 2,373.67
- Change: +45.47 (+1.95%)
- Open: 2,381.20
- High: 2,381.31
- Low: 2,373.67
- Previous Close: 2,328.20
- 52-week High: 2,896.43
- 52-week Low: 2,327.01
Global Sentiment Fuels Recovery
The rebound aligns with:
- Nasdaq’s modest gain of 0.099% on April 7
- ASX 200’s sharp 1.09% rally in early trading
- Oversold technical indicators triggering bargain-buying
- Renewed institutional confidence in large-cap Korean exporters
Sector Performance at the Open
- Semiconductors: Samsung Electronics and SK Hynix up strongly
- Automotive: Hyundai and Kia rebound after heavy Monday losses
- Financials: KB Financial and Shinhan Bank regain momentum
- Retail and Biotech: Mixed but stable after steep drop
“KOSPI’s opening rebound reflects bargain hunters entering after oversold conditions. However, sustainability depends on global macro clarity,” said Seung-Hyun Kim, market strategist at Mirae Asset.
Key Technical Levels to Watch
- Immediate resistance: 2,390–2,400
- Support: 2,350 (intraday pivot)
- Breakout confirmation: Above 2,400 on volume expansion
KOSPI Begins the Day with Strong Comeback Sentiment
The KOSPI is showing signs of a powerful technical recovery on April 8, reversing part of Monday’s heavy sell-off. The rebound is supported by improving global market cues, value-driven buying, and stabilized investor sentiment in South Korea.
Investors will now watch for midday confirmation to gauge if this rally can extend into a sustained recovery.
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