StocksMedium•27 October 2026•
1 min read
KOSPI Index Surges 4.5% as South Korea Halts Program Buying Ahead of SK Hynix Results
Key Facts
1South Korea's KOSPI index jumped 4.5% following a decision by authorities to halt program buying.
2The significant market movement occurs just before the scheduled earnings release of SK hynix.
South Korea's KOSPI index jumped 4.5% following a decision by financial authorities to halt program buying. BeInCrypto reported that this significant market movement occurred just before the scheduled earnings release of SK hynix, contributing to a highly volatile trading environment.
SK hynix (SKHY) closed at $142.62 on October 26, 2026, after trading between a low of $139.15 and a high of $143.47 during the session. This surge followed official data released on October 26, 2026, showing South Korea's annual GDP growth rate at 3.4%, which exceeded the 3% forecast.
Market participants are looking ahead to the release of South Korean Business Confidence data on October 28, 2026, with a forecast of 79.2 points.