Kospi Closes

• The KOSPI index briefly touched the 7,000 mark during intraday trading on the 22nd, driven by strong foreign buying, before closing at 6,797.70. • Despite the intraday peak, the market ended the day up 49.75 points (0.74%) as retail and institutional investors engaged in profit-taking. • The shift toward a wait-and-see approach was triggered by anticipation of Alphabet's earnings report and concerns over Middle East geopolitical risks and rising oil prices.

• The KOSPI index closed at 6,797.70, marking an increase of 49.75 points or 0.74% in the most recent trading session. • This upward movement reflects positive momentum in the South Korean equity market, providing a snapshot of current investor sentiment. • The data is part of a cap-weighted reporting system designed to help foreign investors, analysts, and correspondents monitor Korean sectors.

• On July 20, the KOSPI closed down 4% in the 6500 range, while the KOSDAQ plunged 5%, triggering sell-side sidecar measures on both markets. • Market sentiment in the semiconductor sector was severely weakened by Kioxia's U.S. patent lawsuit defeat, which resulted in compensation orders exceeding 300 billion won. • Additional downward pressure came from news that Moonshot is preparing for an IPO on the Hong Kong stock market.

• The KOSPI index surged by over 6%, closing in the high 7,200s, while the KOSDAQ index also rebounded to close above 820. • This significant market rally was driven by a strong influx of capital from both foreign and institutional investors. • The growth reflects a positive shift in investor sentiment toward South Korean equities, signaling a potential trend of continued recovery.