The South Korean KOSPI index staged a sharp V-shaped rebound as pension funds made large-scale purchases of technology stocks at the close to stabilize the market.

(1) The Korea Composite Stock Price Index (KOSPI) plunged by 3.6% during the session, then staged a strong rebound in the late trading. After briefly erasing losses, it ultimately closed slightly down by 0.1%, exhibiting a "deep V-shaped" reversal.(2) In the final 20 minutes of trading, the pension fund made a net purchase of approximately 120 billion won worth of KOSPI constituent stocks, with a focus on the technology sector. Retail investors made net purchases totaling 785 billion won throughout the day, while foreign capital recorded net sales of 931 billion won, reflecting a pattern of domestic buyers taking over as foreign investors sold off.(3) Both Samsung Electronics and SK Hynix fell by more than 4% in the morning session, but subsequently recovered nearly all losses and closed with stable share prices. The small-cap Kosdaq index narrowed its decline from 4% in the morning to around 0.8%, indicating an improvement in market sentiment.