Kai Research

📌 One-Line Summary Following the semiconductor-driven 'Black Tuesday' crash (KOSPI -10.84% ), overnight U.S. markets stabilized on Dow strength ( +1.03% ). Today, Korean equities are expected to swing between an oversold technical rebound and renewed chip-sector jitters — a high-volatility session. 🌙 Overnight Markets U.S. equities closed mixed overnight. The Dow Jones advanced as bargain hunters stepped in, while the tech-heavy Nasdaq slipped, showing limited recovery in the semiconductor space. The shock from the prior day's chip plunge — which triggered a sidecar on Korean exchanges (Nvidia's decline and a 7%-plus drop in SK Hynix's U.S. ADR) — has eased somewhat over the past 24 hours, but the resilience of the semiconductor sector remains fragile. Index Close Change Dow Jones 52,747.32 +1.03% S&P 500 7,428.78 +0.21% Nasdaq 24,876.91 -0.22% The broad-market panic has cooled, but sentiment toward the large-cap chipmakers (Samsung Electronics, SK Hynix) ...

📌 One-Line Summary A "Black Tuesday" for Korean equities: a US-China semiconductor shock sent the KOSPI plunging -10.84% and the KOSDAQ -7.72% , triggering sidecars in both markets and a full circuit breaker on the KOSPI. The KOSPI broke below the 6,000 level intraday as semiconductor panic selling dominated ahead of SK Hynix's earnings release. 📊 Today's Market at a Glance On Tuesday, July 28, 2026, the Korean stock market extended a second consecutive session of steep losses, delivering an extreme panic-driven trading day. Both the KOSPI and KOSDAQ triggered program-driven sell-side sidecars from the opening bell, and the KOSPI's losses widened enough to activate a market-wide circuit breaker. Index Open High Low Close Change Volume KOSPI 6,400.27 6,413.57 5,992.91 6,023.66 -10.84% 32,420.7만 KOSDAQ 742.13 742.13 697.45 705.85 -7.72% 50,251.6만 The USD/KRW exchange rate held at an elevated 1,458.01 won , adding to pressure from foreign capital outflows...

📌 One-Line Summary US markets closed mixed overnight, with the Dow firm but the Nasdaq slipping. The key question today is whether the KOSPI (6,755.75) and KOSDAQ (764.86) — which rebounded sharply on the back of semiconductor supply-chain names in the previous session — can absorb the Nasdaq's weakness and carry their upward momentum forward. Surging oil prices and a stubborn USD/KRW rate above the 1,460 level remain key swing factors. 🌙 Overnight Markets The three major US indices diverged overnight. The Dow, led by cyclical and value stocks, held firm, while concerns over AI investment costs and surging oil prices weighed on tech names, dragging the Nasdaq into negative territory. The S&P 500 finished only marginally higher. Index Close Change Dow Jones 52,210.08 +0.51% S&P 500 7,413.18 +0.02% Nasdaq 24,932.08 -0.18% Skepticism over the profitability of large-scale AI spending, combined with concerns that a spike in oil prices could push interest rates higher, brou...

📊 Today's Market at a Glance After last Friday's 'Black Friday' plunge that triggered simultaneous sidecars on both boards, Korean equities bounced back on Monday, July 27, 2026. Tailwinds from the US AI Summit and a pullback in crude oil prices revived investor sentiment. Still, the rebound came on relatively modest turnover, and the renewable-energy sector plunged en masse — highlighting a sharp divergence beneath the headline gains. Index Close Change Open High Low Volume KOSPI 6,744.80 +0.81% 6,806.27 6,806.27 6,557.39 23,760.7만 KOSDAQ 764.30 +2.15% 760.54 780.39 753.73 37,013.6만 USD/KRW: 1,474.04 — the won weakened further, adding pressure on foreign investor flows and import prices. 📌 One-Line Summary: KOSPI +0.81% and KOSDAQ +2.15% both rebounded. AI, semiconductors, robotics and biotech led the recovery, while solar and hydrogen renewable-energy names sold off sharply, left behind by the market's bounce. 📈 KOSPI Analysis The KOSPI closed at 6,744.80 ,...

📌 One-Line Summary After Friday's steep KOSPI plunge of -5.72% , the market is expected to open in a cautious, wait-and-see mode, with technical rebound hopes on oversold conditions squaring off against US-Iran geopolitical risk and surging oil prices. Rather than the index itself, watch for sector rotation into geopolitical beneficiaries such as refiners and defense names. 🌙 Overnight Markets US markets closed mixed overnight. The Dow and S&P 500 posted marginal gains, while the Nasdaq slipped as profit-taking pressure on technology names persisted. Concerns over AI investment spending and rising rate pressure from the oil surge weighed negatively on high-valuation growth stocks. Index Close Change Dow Jones 51,947.25 +0.46% S&P 500 7,411.98 +0.05% Nasdaq 24,975.82 -0.64% The lack of clear direction in US indices makes it difficult to provide strong upside momentum for the Korean market. With the Dow edging higher while the growth-heavy Nasdaq declined, today's sessi...

📌 Next Week Outlook Summary With the U.S. FOMC decision and a wave of Big Tech earnings (Microsoft, Meta, Amazon, Apple, Alphabet) all landing in a single week, the KOSPI is expected to face a heavyweight event window where another attempt to reclaim the 7,000 level ("7-cheon-pi") coexists with sharp two-way volatility. The coming week (July 27–31) hands Korean equities the busiest event calendar of the summer, as the U.S. Federal Open Market Committee (FOMC) rate decision and second-quarter results from global Big Tech names cluster into the same five sessions. After a prior week that swung by more than ±5% on single days, the key question is whether that extreme volatility persists or whether the market finally sets a direction as it digests these events. 📊 Last Week Market Summary Last week the KOSPI closed the week up +0.71% at the 6,690 level, but the internals told a roller-coaster story: daily moves of -4.46% → +3.56% → +0.74% → +4.40% → -5.72% . Intraday the in...

📊 This Week at a Glance This week (July 20–24), the Korean stock market delivered one of its most extreme roller-coaster sessions of the year, as semiconductor peak-out fears collided head-on with a Middle East-driven oil shock . Volatility was so severe that sidecars (program-trading circuit breakers) were triggered on five consecutive trading days . The KOSPI managed to defend a marginal weekly gain of +0.71% , but the KOSDAQ fell -3.23% , underperforming its larger peer. Intraday, the KOSPI swung between a low of 6,429.03 and a high of 7,166.00 — a span of roughly 737 points, or over 11%. Index Weekly Open Weekly Close Weekly High Weekly Low Weekly Change Weekly Volume KOSPI 6,643.58 6,690.62 7,166.00 6,429.03 +0.71% 190,572.7만 KOSDAQ 773.21 748.22 790.28 730.81 -3.23% 252,719.3만 The USD/KRW exchange rate closed at an elevated 1,459.42 (week-trading close basis), and came under further upward pressure late in the week as heightened Middle East geopolitical risk boosted safe-haven d...