Kospi Gains As Chip Buybacks Offset Broad Investor Selling

South Korea’s Kospi closed at 6,835.8 points on Tuesday, up 0.23%, as buyback-driven gains in Samsung Electronics and SK Hynix offset net selling by foreign, institutional and retail investors. According to BeInCrypto, the index recovered after opening lower on fresh U.S.-Iran airstrikes and a hawkish Fed speech from Chair Kevin Warsh, while Korea’s August exports stayed solid on strong chip demand.