KOSPI closes at 5,290.53 after early rally reverses
Published on 11/13/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKOSPI reverses early gains
- The KOSPI closed at 5,290.53 on November 13, 2026, down 52.20 points or 0.98 percent.
- The index opened 2.05 percent higher and reached 5,504.44 before turning lower around midday.
- Foreign investors were net sellers, while technology shares weakened amid renewed uncertainty over Nvidia and the artificial-intelligence ecosystem.
The KOSPI closed at 5,290.53 on Friday, November 13, 2026, down 52.20 points or 0.98 percent from the previous session's 5,342.73. The decline followed an early rally that briefly pushed the index above 5,500 before selling pressure returned.
Yonhap News Agency reported that the benchmark opened 2.05 percent higher and reached an intraday high of 5,504.44. It turned negative around 12:35 p.m. Seoul time as investors reassessed the potential impact of Nvidia CEO Jensen Huang's reported departure on the artificial-intelligence ecosystem.
Foreign selling reverses the rally
Foreign investors sold a net 550.5 billion won worth of stocks, according to Yonhap, while institutions bought 2.3 billion won and individuals purchased a net 17.2 billion won. The market breadth was relatively balanced, with 450 advancing shares against 418 decliners, although trading volume was described as light at 237.3 million shares worth 16 trillion won.
Technology shares led the losses. Samsung Electronics fell 0.96 percent to 206,000 won, while SK hynix dropped 3.03 percent to 1.2 million won. Naver declined 5.12 percent, and Samsung Electro-Mechanics lost 3.5 percent. The reported moves show how quickly the initial semiconductor-led rebound faded as foreign selling intensified.
Company weakness adds pressure
Aju Press also reported that Korea Electric Power Corp. fell 9.79 percent after disappointing third-quarter earnings, adding pressure to the broader market. By contrast, Hyundai Motor rose 1.13 percent and KB Financial Group gained 4.74 percent, providing some support outside the technology complex.
The reversal leaves the KOSPI with a second consecutive daily decline, according to Aju Press. Investors were also awaiting U.S. producer-price data, which could provide clues about Federal Reserve policy after a stronger-than-expected U.S. consumer-price reading earlier in the week. For further KOSPI coverage, see the KOSPI topic page.
