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KOSPI Reclaims 5,600 Mark, Shaking Off Iran Crisis; Samsung, SK Share Buyback Cancellations Boost Market
Domestic Market Starts Strong Amidst Iran Crisis Aftermath
The domestic stock market started strong today (the 11th) with a more than 2% gain, following yesterday's trend, indicating a recovery from the impact of the Iran crisis. The KOSPI opened at 5,658.72, up 2.28% from the previous trading day, continuing its two-day rally and reclaiming the 5,600-point mark. The KOSDAQ also showed a concurrent upward trend, starting at 1,155.48, up 1.56%. Despite New York stocks closing mixed overnight due to remarks regarding the Strait of Hormuz, the domestic market appears to have been largely unaffected.
Large-Cap Share Buyback Cancellations Announced; Brokerage Stocks Soar
In terms of supply and demand, institutional investors net-purchased over 300 billion won, driving the index's rise, while individual investors and foreigners were net sellers. Most market capitalization top-tier stocks showed strength. Notably, Samsung Electronics saw its stock price rise over 2% in early trading after announcing plans for 16 trillion won worth of share buyback cancellations in the first half of the year. SK also surged over 6% following its announcement of 5 trillion won in share buyback cancellations. By sector, brokerage stocks saw particularly steep gains, which is attributed to investor sentiment being stimulated by expectations of positive factors such as increased market volatility and trading volume after the Iran conflict. Meanwhile, the won-dollar exchange rate opened at 1,474 won, up 4.7 won, but later turned downward during the day to record the upper 1,460-won range. Market experts predict that international oil prices and geopolitical risks will remain key variables for the stock market for the time being.
*Source: YouTube: YonhapnewsTV (2026-03-11)*
