Seoul Brakes on Buying Again as KOSPI Jumps Nearly 5%. Will It Stick This Time?
South Korea's KOSPI jumped about 4.9% to 5,263.13 by mid-morning Tuesday, triggering a buy-side sidecar that paused program buying for five minutes. SK Hynix and Samsung Electronics led chipmaker gains. Traders are watching the US CPI report due the same day as the next test of the rebound.