Korean Stock Market Rebounds as Oil Prices Stabilize... KOSPI Buy-Sidecar Triggered

KOSDAQ Also Opens with Over 4% Gain

As international oil prices stabilized following remarks by President Donald Trump regarding the winding down of the war with Iran, the Korean stock market also rebounded at the start of trading on March 10, 2026. Early in the session, a KOSPI buy-sidecar (a temporary suspension of program buy orders) was triggered.

On this day, the KOSPI index opened at 5,523.21, up 271.34 points (5.17%) from the previous trading day. Foreign investors made net purchases of approximately 138.1 billion won, institutions bought around 99.5 billion won, while individual investors made net sales of about 229.1 billion won.

Yonhap News Agency

Following the KOSPI rebound, a buy-sidecar was triggered in the Korea Exchange at around 9:06 a.m. A buy-sidecar is a system that temporarily suspends program buy orders for five minutes if KOSPI 200 futures rise by more than 5% compared to the previous session for at least one minute.

All sectors are showing gains. The electric and electronics sector rose by 7.50%, machinery and equipment by 5.82%, manufacturing by 5.65%, securities by 5.27%, electric and gas by 4.69%, and insurance by 4.60%, among others, indicating a broad-based rally.

Most of the top market capitalization stocks are also rising. Samsung Electronics (up 8.01%), SK hynix (up 9.33%), Hyundai Motor Company (up 5.52%), LG Energy Solution (up 3.48%), Samsung Biologics (up 3.29%), SK Square (up 8.45%), Doosan Enerbility (up 6.25%), and Kia (up 4.04%) all advanced. Hanwha Aerospace (down 0.79%) and HD Hyundai Heavy Industries (down 1.22%) declined.

KOSDAQ also started higher, opening at 1,147.99, up 45.71 points. Individual investors made net purchases of 196.7 billion won, institutions bought 86.9 billion won, while foreign investors sold 273.2 billion won worth of shares.

Most of the top market capitalization stocks in KOSDAQ are also strong. EcoPro (up 3.42%), Alteogen (up 3.41%), EcoPro BM (up 1.98%), Samchundang Pharm (up 2.61%), Rainbow Robotics (up 6.77%), ABL Bio (up 1.05%), Lino Industrial (up 4.57%), Kolon TissueGene (up 2.22%), and Caregen (up 1.62%) all recorded gains. LegoChem Biosciences declined by 0.84%.

Previously, it was reported that United States President Donald Trump commented, "I think the war with Iran is in its final stages." As a result, international oil prices fell. Accordingly, on March 9 (local time), the U.S. stock market rebounded. The S&P 500 index closed up 0.83%, the Dow Jones Industrial Average rose 0.50%, and the Nasdaq finished 1.83% higher.

This content was produced with the assistance of AI translation services.