The South Korean stock market experienced notable volatility over the past several days. On May 26, the KOSPI index surged more than 2%, reclaiming the 2,640 level, driven by the European Union's postponement of tariffs and gains in the technology sector. However, on May 27, the market reversed course, with Seoul shares declining due to losses in technology stocks and renewed concerns over tariffs. The downward trend continued into the late morning of May 27. By May 28, the KOSPI rebounded again, opening higher and reaching its highest intraday level since September 3, 2024, with gains extending to 2%, supported by renewed strength in technology shares.
Seoul shares up late Wed. morning on tech gains https://t.co/jWpzfbdEUx
The South Korean KOSPI index hit its highest intraday level since September 3, 2024, with gains extending to 2%. #southkorean #StockMarket #StockMarketNews #invest https://t.co/HMf8npfbDJ
Seoul shares open higher on tech gains #Kospi #Kosdaq #stocks #updates https://t.co/8b1NIej4TB