True
The KOSPI surged 3.6% in the opening minutes of trading, with foreign investors re-entering the semiconductor sector and driving a broad early-session rally, according to data published by the Korea Exchange (KRX).
Foreign investors, who had been net sellers in recent sessions, turned back to buying semiconductor shares at the open. The renewed inflows into chip names provided the main impulse behind the index's sharp early gain, KRX session data showed.
The 3.6% jump came in the first minutes of the session, a steep move for the early phase of trading and one that put the index on course for a strong start to the day. Semiconductor issues led the advance, consistent with the foreign-sector flow figures.
The Korea Exchange's intraday figures pointed to a pattern familiar to Seoul trading: when foreign money rotates back into the semiconductor complex, the benchmark index tends to move sharply given the sector's heavy weighting on the KOSPI.
The early-session rebound in semiconductor stocks and the accompanying foreign net buying were both reflected in the exchange's published banner data for the session. Trading activity in the opening minutes was concentrated in chip-related issues, with the index gain tracking the strength of the sector.
No additional market-moving announcements were cited in the exchange data accompanying the session figures; the early surge remained tied primarily to the flow pattern in semiconductor shares.
The claim that the KOSPI leaped 3.6% in the early minutes of trading on renewed foreign buying of semiconductor stocks is True.