[2026-05-12] Korea Stock Market Morning Preview | KOSPI Pauses After Breaking 7,800 Ahead of US CPI
📌 One-Line Summary After KOSPI's historic breakout above 7,800 with a sidecar-triggering rally, today's Korean market is expected to consolidate in a tight range as short-term overheating concerns collide with caution ahead of the US April CPI release at 21:30 KST. 🌙 Overnight Markets On Monday (May 11, local time), US equities edged higher in subdued trading near record highs, as investors stayed on the sidelines ahead of Tuesday's April CPI print. All three major indices finished modestly in the green, with Big Tech leading the calm advance. Optimism around US-Iran ceasefire talks and stabilizing oil prices continued to support risk appetite. Index Close Change S&P 500 7,412.84 +0.19% NASDAQ 26,274.13 +0.10% Dow Jones 49,704.47 +0.19% Coming on the heels of a powerful rally, tonight's CPI release is shaping up to be a near-term inflection point. Consensus estimates call for headline CPI of +0.6% m/m and +3.7% y/y, with core CPI at +0.3% m/m. An in-line or softer...