Foreign investors increased their holdings in storage chip stocks, and the South Korean composite stock price index rebounded.

The South Korean composite stock index had the largest increase of 4.7%. Prior to this, the index had been sold off for two consecutive days, falling to its lowest point since April, but global investors subsequently entered the market to buy individual stocks in the South Korean semiconductor sector, driving up the overall market. The South Korean composite stock index fell 1.3% in early trading, then turned red across the board. Samsung Electronics, SK Hynix, and SK Square are core heavyweight stocks driving the market upwards. The Korea Exchange triggered an intraday circuit breaker mechanism, suspending programmatic buying in the composite stock index. Shawn Oh, NH Securities' head of South Korean stock, stated that South Korea's export data reached a new high from July 1 to 20, providing strong support for local chip stocks: semiconductor exports surged by 180.6% year-on-year, reaching $22.11 billion, accounting for 40.3% of the country's total exports. Morgan Stanley strategist Mikso Das and others maintained an overweight rating on the South Korean stock market, giving a 12-month benchmark target of 12,500 points for the South Korean composite stock index, bullish on the AI industry cycle and related fundamentals. In their research report, they wrote, "Large cloud service providers will continue to increase capital expenditure. Some believe that breakthroughs in technology and processes will weaken demand for storage chips, leading to market doubts, but there are currently no signs of weakening actual demand." Global foreign capital and local funds overall were net buyers of components of the South Korean composite stock index, with trading focused on the technology sector; retail investors were selling simultaneously. The small and mid-cap KOSDAQ index turned from negative to positive, with the largest increase of 0.8%.