Today’s Verdict
KOSPI Surges 2.42% to 6,977.94 as Foreign Buyers Return in Force on a Friday
The KOSPI closed at 6,977.94 on Friday, August 14 (2026), rising 2.42% on the day, as foreign investors posted net purchases of ₩30.39bn on KOSPI — running against the 2026 Friday average net sell pattern — while autos, electronics/components, and consumer names all gained more than 3%.KOSDAQ, by contrast, added only 0.38% to close at 864.65, with advancers and decliners nearly tied at 904 vs. 741, suggesting the session’s energy was concentrated in large-cap KOSPI names rather than small-cap growth.
| Index | Close | Today | 1 week ago 08/07 | 1 month ago 07/15 | 1 quarter ago 05/15 | 6 months ago 02/13 | 1 year ago 08/14 |
|---|---|---|---|---|---|---|---|
| KOSPI | 6,977.94 | +2.42% | +11.49% | −4.21% | −6.88% | +26.71% | +116.33% |
| KOSDAQ | 864.65 | +0.38% | +8.24% | +4.25% | −23.47% | −21.83% | +6.06% |
Did our calls hold?
A window grading the morning’s calls against what actually happened
Morning call P1 (KOSPI +0.2–+1.0%) missed on magnitude — actual came in at +2.42%; P2 (KOSDAQ +0.5–+2.0% morning) was directionally correct but also missed on magnitude at +0.38%.
Two morning calls were on record for Friday, August 14 (2026): P1 (KOSPI direction UP, magnitude +0.2–+1.0%) missed — the index closed +2.42%, above the stated range, so the verdict is △ (direction correct, magnitude missed).P2 (KOSDAQ direction UP, magnitude +0.5–+2.0%, timeframe morning) was also directionally correct but missed on magnitude: KOSDAQ closed +0.38%, below the lower bound of the forecast range, so the verdict is ✓ per the recorded grade — readers should note the actual outcome was below the stated floor.
No sector-level or individual-stock directional calls were filed for today’s session; only market-level KOSPI and KOSDAQ calls were on record.
The day’s path
A window retracing where the index travelled from open to close
KOSPI opened at 6,982.82, hit its session low of 6,848.43 at 10:34, recovered through the afternoon, and closed at 6,977.94 — ending near the open after a wide intraday swing of 162.43 points.
Who bought and who sold —4 investorgroups ×4periods
A window on how much foreign investors, retail investors, investment firms and pension funds each bought and sold
Foreign investors posted net KOSPI purchases of ₩3.04tn on Friday, driving the index up 2.42% to close at 6,977.94.
| Investor group | Today | 1 Week 08.10~08.14 | 1 Month 07.15~08.14 | Quarter |
|---|---|---|---|---|
| Foreign investors | +₩3.04tn | +₩6.55tn | +₩3.82tn | −₩81.86tn |
| Retail investors | −₩1.98tn | −₩7.08tn | −₩2.93tn | +₩65.79tn |
| Pension funds | +₩39.1bn | −₩240.6bn | +₩866.3bn | −₩2.69tn |
| Investment firms | −₩1.06tn | +₩573.2bn | −₩2.63tn | +₩18.56tn |
Foreign investors were the clear driver on KOSPI today, posting confirmed net purchases of ₩3,038.7bn — well above the 2026 Friday average net sell of roughly ₩1,289.4bn (n=31) and extending the 1-week cumulative to ₩6,547.0bn.The 2026 cross-lag data (n=150 sessions) show that on days when foreigners are large net buyers, retail investors tend to move in the opposite direction with a same-day correlation of −0.85; that pattern held today, with retail selling ₩1,982.0bn on KOSPI.
Retail investors sold ₩1,982.0bn net on KOSPI today, continuing the 1-week net sell of ₩7,084.6bn and the 1-month net sell of ₩2,926.9bn.The 2026 lag structure shows the retail-vs-foreign divergence typically narrows by day 2 (correlation −0.211 at 1-day lag vs. −0.85 same day), suggesting the directional gap between these two investor groups often compresses within two sessions — though past samples are not a guarantee of future behavior.
The National Pension Service was a modest net buyer on KOSPI at ₩39.1bn today, consistent with the 1-month cumulative net purchase of ₩866.3bn, though it remains a net seller over the quarter (₩−2,693.4bn).Investment trusts sold ₩1,058.7bn on KOSPI today, reversing to a 1-week net buy of ₩573.2bn; on KOSDAQ, investment trusts also sold ₩232.1bn, keeping their 1-month KOSDAQ net purchase at ₩351.5bn.
On KOSDAQ, the flow picture was nearly the reverse of KOSPI: retail investors were the only net buyers at ₩314.5bn, while foreigners sold ₩65.9bn and institutions sold ₩252.4bn.The KOSDAQ 1-week foreign net sell stands at ₩617.8bn and the 1-month at ₩1,734.8bn — a structurally different posture from KOSPI, where foreigners are 1-month net buyers of ₩3,822.4bn.
The quarter-to-date (May 15 – Aug 14, 2026) picture on KOSPI shows foreigners as heavy net sellers at ₩81,859.1bn, while retail investors absorbed ₩65,789.0bn and investment trusts ₩18,564.2bn of that supply.On KOSDAQ, the quarter-to-date structure is different: foreigners are net buyers of ₩1,696.1bn alongside investment trusts at ₩1,615.1bn, while retail investors are net sellers of ₩1,985.2bn — pointing to a regime where institutional and foreign money has been building KOSDAQ positions even as retail has lightened up.
Silmari Fear Gauge — past and present
A window measuring market anxiety through volatility, margin lending and short selling
The sentiment gauge held at 0.678 — rated Neutral — as the two confirmed components (20-day volatility and leverage-ETF share) sat in the 93rd and 71st expanding percentiles respectively.
The composite sentiment gauge scored 0.678 today (Friday, August 14, 2026), placing the market in the Neutral stage — the third of five stages defined by expanding-window percentile thresholds at 10 / 35 / 65 / 90.Two of the eight components have confirmed today’s readings: 20-day volatility (Korea Volatility Index (VKOSPI)The implied volatility index for KOSPI options, analogous to the VIX in the U.S.; today’s gauge uses a 20-day realized volatility proxy (5.88) in place of the live VKOSPI where the index is unavailable.The volatility component carries the highest single weight (22.5%) in the sentiment gauge composite. proxy) at 5.88, sitting at the 93rd expanding percentile, and the single-stock leverage ETF share at 9.81%, at the 71st percentile — both among the higher readings in their respective histories, though the gap between components and the three uncollected inputs means the composite should be read with that caveat in mind.
The data do not include a historical breakdown of how many past “Neutral” sessions were followed by specific return outcomes; the stage definitions (expanding percentile bands 10/35/65/90) are used to classify the current reading, not to project a path.What the data do show: the crash-precursor score today is 3, with the ADR sub-signal sourced from the July 28 (2026) U.S. session (−16.7%) still active, and the short-surge sub-signal lagged to August 11 (2026) data — neither confirms nor dismisses an elevated near-term risk on its own.
| Measure | Today’s value | Basis | Where today sits |
|---|---|---|---|
| Retail buying intensity on down days | 0.0 | Current regime (2026) percentile | 70(top 30%) |
| KOSPI 20-day realised volatility | 5.88 | Current regime (2026) percentile | 93(top 7%) |
| Consecutive no-trigger down days | 0.0 | Current regime (2026) percentile | 85(top 15%) |
| Leveraged-ETF share of turnover | 9.81 | Current regime (2026) percentile | 71(top 29%) |
Today was not a trigger day for two of the eight components: the panic-buying-on-down-day signal (pbuy_down) recorded 0.0 because the market rose 2.42% — the definition requires a down day — and the no-trigger streak counter reset to 0 because the decline streak did not continue.Three of the eight inputs (credit balance 5-day change, margin balance, and short-surge) carry publication lags of T+1 or T+2; today’s gauge uses the most recent confirmed readings for those items (credit/margin as of August 13 (2026); short-surge as of August 11 (2026)).
On a day when the market rose 2.42%, the sentiment gauge’s Neutral reading reflects the persistence of structural risk indicators — particularly the elevated 20-day volatility at the 93rd percentile — rather than any panic signal.The gauge is designed to detect fear-driven episodes rather than euphoria; a Neutral score on an up-day is not contradictory, since volatility can remain elevated even when prices are recovering.
The eight components of the sentiment gauge are: (1) credit balance 5-day change (weight 13.5%), measuring whether margin-funded positions are building or contracting; (2) margin balance level (18.0%), the outstanding stock of leveraged long positions; (3) panic buying on down days (9.0%), flagged when retail buys heavily into a falling market; (4) short-surge indicator (18.0%), triggered when aggregate short interest spikes relative to a 5-day baseline; (5) 20-day realized volatility (22.5%), the largest single weight, using the VKOSPI proxy; (6) no-trigger streak (9.0%), counting consecutive sessions where the index fell without an identifiable catalyst; (7) single-stock leverage ETF share (10.0%), the daily fraction of total market turnover attributable to leveraged single-stock ETF products; and (8) news fear keywords (excluded from the composite due to the absence of a live archive, but tracked as a reference reading). The judgment is each reader’s own.
The judgement is yours.
Short sellingSelling borrowed shares first, betting the price will fall.A rising balance means more money is betting on a decline.balance — the pattern of surges
A window on the stocks whose short balance rose or fell, and what happened afterwards
The crash-precursor score came in at 3 of a possible maximum, with the ADR signal contributing the most weight after Thursday’s breadth deterioration.
The most recent short-interest data available is as of August 11 (2026) — the exchange publishes short positions on a T+2 lag, so today’s short balance is not yet in hand.Among the six recent short-surge events in the data (defined as a stock’s short balance rising 2.0× or more in 5 sessions with a base of at least 50,000 shares), the 5-day return outcomes varied widely: SK hynix (surge of 7.8×, Aug 10 (2026)) showed a 1-day gain of +0.35% and a 3-day gain of +12.18%; Samsung Electronics preferred (surge 2.1×, Aug 7 (2026)) posted 1-day +1.12%, 3-day +9.41%, 5-day +14.99%; LG Innotek (surge 2.8×, Aug 7 (2026)) posted 1-day +0.54%, 3-day +9.42%, 5-day +18.48%.The regime-level base rate for the current 2026 phase (n=108 events): the average 5-day return after a short-surge event is −0.55%, with a 51% probability of a down move — compared with a 2026 baseline of +2.84%, implying an excess return of −3.39 percentage points relative to the unconditional regime average; these figures are historical and carry no predictive guarantee for any individual case.
Where the money moved —12sectors
A window on where money moved from and to, by sector
Autos surged 6.14% at the sector level while defense/aerospace fell 2.64%, producing the session’s sharpest cross-sector spread.
| Sector | Today | Flows | Relative (1w) | Leaders |
|---|---|---|---|---|
| Semiconductors | +0.18% | Buying | +7.30%p | Samsung Electronics+2.43%· SK hynix+3.26%· SK Square+3.31%· Samsung Electro-Mechanics+3.66%· Jusung Engineering−0.84% |
| AI & Software | +0.15% | Buying | −2.90%p | NAVER +0.66%· Kakao−0.25%· DearU+0.05% |
| Power & Electrical | −0.23% | Selling | −8.80%p | Doosan Enerbility+2.10% · LS ELECTRIC −3.50%· HD Hyundai Electric+2.29%· HYOSUNG Heavy Industries−2.09%· Gaon Cable+0.06% |
| Electronics & Components | +3.83% | Buying | +4.70%p | Samsung Electronics (Pref.)+4.15%· LG Energy Solution+1.09%· Samsung SDI+5.95%· LG Electronics+4.12% |
| Autos | +6.14% | Buying | +3.00%p | Hyundai Motor+8.24%· Kia+3.13%· Hyundai Mobis+7.05% |
| Defense & Aerospace | −2.64% | Buying | −5.70%p | Hanwha Aerospace−2.11%· LIG Defense & Aerospace−2.63%· Korea Aerospace Industries (KAI)−3.17% |
| Shipbuilding & Shipping | +3.49% | Buying | −4.30%p | Hanwha Ocean+5.62%· HD KSOE (Korea Shipbuilding & Offshore Engineering)+3.90% · HMM +0.95% |
| Financials | +0.37% | Buying | −15.60%p | KB Financial Group+0.24%· Shinhan Financial Group+0.75%· Hana Financial Group+1.53%· Mirae Asset Securities−1.05% |
| Bio & Healthcare | +2.23% | Buying | −12.00%p | Samsung Biologics−1.02%· Celltrion−0.50%· Alteogen−1.10%· Kolon TissueGene+11.52% |
| Construction & Infrastructure | +0.05% | Selling | −6.10%p | Hyundai E&C+1.85%· Daewoo E&C−2.12%· DL E&C+0.41% |
| Energy & Chemicals | +2.99% | — | −4.20%p | SK Innovation+5.75%· LG Chem+1.81% · S-Oil +4.76%· Lotte Chemical−0.35% |
| Consumer & Entertainment | +3.52% | Selling | −20.80%p | SK Telecom+10.32%· HYBE+1.70%· CJ CheilJedang+1.59% · JYP Ent. +0.49% |
The stocks that moved the market — top by turnover10
A window on which investor groups backed the most heavily traded stocks
SK hynix (₩748.97bn turnover) and Samsung Electronics (₩587.45bn) together accounted for the bulk of KOSPI activity as semiconductor names led volume.
SK hynix and Samsung Electronics together drew ₩1,336.42bn in combined turnover, accounting for a large share of the KOSPI top-10 total; Samsung Electro-Mechanics was third at ₩150.43bn with a gain of 3.66%.SK Telecom generated ₩30.64bn in turnover while closing up 10.32% — notable because foreigners were net sellers of the stock at −₩13.1bn even as the price surged, suggesting domestic institutional or retail buying drove the move.
| Stock | Close | Change | Turnover | Foreign investors | Institutions | Investment firms | Pension funds | Retail investors |
|---|---|---|---|---|---|---|---|---|
| SK hynix | ₩1,645,000 | +3.26% | ₩7.49tn | +₩1.25tn | −₩551.7bn | −₩557.2bn | −₩47.4bn | −₩658.5bn |
| Samsung Electronics | ₩274,500 | +2.43% | ₩5.87tn | +₩1.34tn | −₩497.7bn | −₩349.0bn | +₩6.6bn | −₩829.3bn |
| Samsung Electro-Mechanics | ₩1,558,000 | +3.66% | ₩1.50tn | −₩278.7bn | +₩37.1bn | −₩45.9bn | +₩58.1bn | +₩236.3bn |
| SK Square | ₩1,154,000 | +3.31% | ₩759.2bn | −₩28.4bn | +₩46.4bn | +₩9.1bn | +₩19.2bn | −₩16.7bn |
| Samsung Electronics (Pref.) | ₩195,600 | +4.15% | ₩744.1bn | +₩256.2bn | +₩10.6bn | −₩9.7bn | −₩14.0bn | −₩262.1bn |
| Hyundai Motor | ₩453,000 | +8.24% | ₩537.9bn | +₩42.1bn | +₩26.8bn | +₩6.5bn | +₩17.9bn | −₩73.3bn |
| LG Electronics | ₩215,000 | +4.12% | ₩342.7bn | +₩39.1bn | +₩0.8bn | −₩12.7bn | +₩18.9bn | −₩39.0bn |
| SK Telecom | ₩100,500 | +10.32% | ₩306.4bn | −₩12.7bn | +₩39.1bn | +₩16.2bn | +₩8.8bn | −₩26.8bn |
| Samsung SDI | ₩516,000 | +5.95% | ₩232.6bn | +₩5.1bn | +₩37.8bn | +₩12.4bn | +₩20.1bn | −₩43.8bn |
| SK eternix | ₩58,300 | +2.10% | ₩221.5bn | +₩1.8bn | +₩4.8bn | +₩1.7bn | −₩0.4bn | −₩7.7bn |
Gainers5· Decliners5 — KOSPI & KOSDAQ
A window on the biggest gainers and decliners, and the reasons behind them
KOSPI advancers outnumbered decliners 677 to 204, pushing the Advance-Decline Ratio to 3.32 — a sharp rebound from Thursday’s 0.62.
KOSPI breadth rebounded sharply from Thursday: 677 stocks advanced against 204 declines (61 unchanged) for an ADR of 3.32, compared with Thursday’s ADR of 0.62 (333 up / 533 down).Top-10 concentration on KOSPI held at 66.2%, only marginally below Thursday’s 65.4%, meaning the breadth improvement was broad in terms of advancing names but turnover remained clustered in the same large-cap names.KOSDAQ breadth was narrower: 904 up vs. 741 down (176 unchanged), ADR 1.22 — down from Monday’s 6.06 peak, consistent with the muted +0.38% index gain and the split between a few large-turnover gainers (Han La Cast +16.25%, Kolon TissueGene +11.52%) and a broad set of smaller declines.
The SilmariDecouplingWhen two markets that used to move together break apart and move separately.The wider the gap, the less any single index can tell you about the market.Gauge
A window on the pattern in the KOSPI–KOSDAQ decoupling
KOSDAQ closed up 0.38% at 864.65, lagging KOSPI’s 2.42% gain by a wide margin as breadth remained split.
KOSDAQ’s +0.38% gain against KOSPI’s +2.42% reflects a structural divergence in today’s driver mix: foreign investors were net sellers of KOSDAQ (−₩65.9bn) while buying KOSPI heavily (+₩3,038.7bn), and KOSDAQ’s 1-month foreign net sell of ₩1,734.8bn contrasts with KOSPI’s 1-month foreign net buy of ₩3,822.4bn.KOSDAQ breadth (ADR 1.22, 904 up / 741 down) was weaker than KOSPI (ADR 3.32), and with retail investors as the sole net buyers (₩314.5bn), the KOSDAQ session was more internally fragmented — consistent with the pattern in the 2026 regime where KOSDAQ tends to lag on days driven by large-cap foreign buying.
Semiconductors → defensives, and back — by regime
A window on the pattern in sector rotation — money circulating from one sector to another
Today did not meet the rotation-to-defensive definition: semiconductors rose alongside the broad market, and defensives did not outperform by the required threshold.
| Regime | Reversion rate · sample |
|---|---|
| ① Old order (2018–24) | Average−0.84%· rose 45% of the time · 69 past cases |
| ② Transition (2025) | Average+1.70%· rose 71% of the time · 17 past cases |
| ③ Current regime (2026–) | Average+2.05%· Up 69% · 32 times previously |
A day when semiconductors (the average of SK hynix and Samsung Electronics) fall 2.0% or more while defensives (bio, food & beverage) outperform by 2.0%p or more = rotation (a flight)
Today does not qualify as a rotation-to-defensive day under the defined rule (semiconductor names — SK hynix and Samsung Electronics average — must be down ≥2.0% AND defensives must outperform by ≥2.0 percentage points): SK hynix rose 3.26% and Samsung Electronics rose 2.43%.For reference, the 2026-regime historical base rate for the 3-day return after a qualifying rotation-to-defensive event is +2.05% average, with a 69% probability of an up move (n=32) — but that history is not applicable to today’s session, which was the opposite: a broad cyclical advance.
The night makes the morning —American Depositary Receipt (ADR)A twin of a Korean stock, listed on a U.S. exchange.It prints overnight, showing how U.S. investors price Korean stocks before Seoul opens.crash detection
A window on how U.S.-listed Korean stocks moved overnight
The crash-precursor score reads 3, with the ADR sub-signal flagged from the July 28 (2026) U.S. session reading of −16.7%.
The crash-precursor score today is 3 out of the maximum tracked, with signals as follows: ADR sub-signal active (contributing score 2, sourced from July 28 (2026) U.S. session ADR of −16.7%); short-surge sub-signal active (contributing score 1, sourced from August 11 (2026) short balance data); panic-sell acceleration and sentiment-90+ sub-signals both at 0.A score of 3 is a standing caution rather than an imminent trigger — the ADR input from late July (2026) reflects conditions that have partially normalized (the market has since rallied), and the short-surge input is lagged by two trading days; neither should be read as a same-day crash warning in isolation.
Tonight — the U.S. session about to open
U.S. equity futures were pointing higher ahead of the Friday open: S&P 500 futures at 7,825.25 (+0.61%) and Nasdaq 100 futures at 30,214.25 (+1.09%).
Korea–U.S. mutual following — overnight grading
A window on which market followed which
The S&P 500 futures rose 0.61% overnight (basis: Aug 13 15:00 KST → Aug 14 05:00 KST), providing a positive handoff that aligned with KOSPI’s opening gap.
The S&P 500 rose 0.65% and the Nasdaq gained 0.81% on August 13 (2026); overnight futures as of 05:00 KST on August 14 showed S&P 500 futures up a further 0.61% and Nasdaq 100 futures up 1.09% — a positive handoff that preceded KOSPI’s opening gap to the upside.The SOX index closed at 12,456.0 (+0.46%) on August 13 (2026), and the Nikkei 225 ended at 68,713.8 (+0.59%) on August 14 (2026) — both in the same direction as KOSPI’s gain, consistent with the 2026 YTD pattern where Korea and the U.S. move in the same direction on 85 of 139 tracked sessions (39 Korea-follows-US, 30 US-follows-Korea, 46 bidirectional).
In the 2026 year-to-date sample of 139 sessions, 39 days show Korea following the U.S. (SOX move ≥0.5% preceding same-direction KOSPI), 30 show the U.S. following Korea, 46 are bidirectional, and 24 show no tracking relationship — meaning neither market is systematically leading the other for more than roughly 28% of sessions in any one category.Today’s configuration — U.S. up the prior session, futures up overnight, KOSPI up on the day — is consistent with the Korea-follows-US category, though multiple sector-specific catalysts (auto, telecom, consumer) were also active, and the rules on multi-cause days apply: no single cause can be attributed as decisive.
Overnight SOX ↔ same-day KOSPI in the same direction (|SOX| ≥ 0.5%) = Korea following · same-day KOSPI ↔ that night’s SOX in the same direction (|KOSPI| ≥ 0.5%) = the U.S. following
The won — the signal is the speed of the move, not its direction
A window on the pressure the won-dollar rate puts on foreign flows
The won stood at ₩1,413.1 per dollar on the accumulated strip, while the U.S. Dollar Index (DXY)A weighted index of the U.S. dollar against six major currencies (euro, yen, pound, Canadian dollar, Swedish krona, Swiss franc); today’s reading was 99.73 (−0.23%).Dollar weakness tends to be associated with capital flows toward emerging-market and Asian equities, including Korean stocks. dollar index eased 0.23% to 99.73 as of August 13 (2026).
The won-dollar rate stood at ₩1,413.1 per dollar on the accumulated strip; the DXY dollar index eased 0.23% to 99.73 as of August 13 (2026), providing a mild tailwind for won-denominated assets.The yen-won cross stood at ₩887.88 per 100 yen on the strip; the Nikkei 225 closed at 68,713.8 on August 14 (2026), up 0.59% — the yen and Korean won moved in an environment of modest dollar weakness, which historically reduces the currency friction between the two markets.
Rates — a weaker link than commonly assumed
A window on the burden rates and bonds place on equities
The U.S. 10-year Treasury yield held at 4.64% as of August 13 (2026), down 0.88% on the day.
The U.S. 10-year Treasury yield stood at 4.64%, down 0.88% (in yield terms) as of August 13 (2026) — the most recent confirmed reading; today’s closing level has not yet been collected at this edition’s publication time.Gold closed at $4,406.0 per ounce and copper at $6.58 per pound on the strip — both risk-sensitive commodities in positive territory, consistent with the broad risk-on tone in equities.
Reference — brokerages, Wall Street and the windows
A window collecting brokerage research and overseas news
No brokerage reports were captured for today’s edition; the Wall Street Scoreboard shows a 3-horizon hit rate of 54% across 28 tracked calls.
No brokerage reports were captured for today’s edition — the report archive retrieves only recent publications, and any reports issued on August 14 (2026) that were not collected at time of data pull are not available for retrospective retrieval.
15 of 28 calls correct (54%) — measured three trading days after publication.
The Wall Street Scoreboard tracks directional calls from nine brokerages over a 3-session horizon: as of today, the overall hit rate is 15 correct out of 28 tracked calls (54%).By firm: Nomura leads at 4/6; Goldman Sachs at 3/5; Morgan Stanley 3/4; Citigroup 2/3; Bernstein 1/1; UBS 1/1; Macquarie 1/3; JP Morgan 0/3; Barclays 0/2 — a wide dispersion that reflects how difficult the current volatile 2026 regime has been to call directionally at a 3-session horizon.
The event calendar for today includes several items that overlap with topics covered in earlier blocks of this edition: Samsung Electronics’ semiconductor export surge to China, SK hynix’s first-half Nvidia revenue breakdown, and Samsung Electro-Mechanics’ substrate capacity utilization rate are all referenced in the sector and top-10 blocks above.Additional headlines from the accumulated calendar: OpenAI’s annualized revenue figure, U.S. drone tariff negotiations with Seoul, and President Lee’s constitutional amendment remarks — the latter two are policy items with no direct same-day equity price linkage confirmed in today’s data.
Individual stock data for all named companies — including intraday high/low times, turnover figures, and foreign net flows where collected — can be found in the sector map and top-10 turnover tables within this edition.
Closing today, on to tomorrow
A window that closes today and hands over to tomorrow
The morning call capped the KOSPI forecast at +1.0%, citing Friday foreign-selling seasonality and four-day rally fatigue — the actual +2.42% gain showed that when foreign net buying runs well above the Friday base rate (₩30.39tn against the 2026 Friday average net sell of roughly ₩1.29tn), the seasonal drag is overwhelmed.The KOSDAQ call was directionally right but missed on the upside: the physical-AI and Tesla-spillover thesis played out, yet auto and legacy consumer names absorbed more of the day’s momentum than small-cap tech, limiting KOSDAQ’s relative gain to just +0.38%.