KOSPI 7,051.64 (+1.40%, +97.12 pts) — back above 7,000 for the first time in 33 sessions. Intraday high 7,112.48; the KOSDAQ small-cap index rose 2.28% to 830.37. Three prior failures (Aug 14, Aug 18, Sep 8) gave way on the fourth try. All four checkpoints this brief set yesterday resolved the same way. Korea followed…
KOSPI closed 6,954.52, down 0.58% (−40.87 points). It opened at 7,045.79, reclaimed 7,000 for the first time in 15 sessions, ran to 7,171.52, and surrendered the entire move. Decliners outnumbered advancers 2.6 to 1. KOSDAQ 811.88 (−1.25%). The three-stage test this briefing set yesterday has its answer. ① intraday break of 7,000 — passed. ②…
KOSPI 6,995.39 (+4.61%, +308.18 points). KOSDAQ 822.19 (+1.07%). Samsung Electronics 270,000 won (+5.68%), SK Hynix 1,783,000 won (+8.26%). The won strengthened to 1,340.5 per dollar (−9.9). The fuel came from Friday's US session — but only part of it. On Sept 4: S&P 500 −0.38% (7,718.60), Nasdaq −0.29% (26,506.99), Dow −0.51% (53,414.25), while the SOX…
August payrolls came in at roughly three times the consensus. Nonfarm payrolls +162,000 (consensus +53,000 to +56,000), unemployment steady at 4.1%, average hourly earnings +0.3%. The assumption that the labor market is cooling took a direct hit. The revisions matter more than the headline. July flipped from −23,000 to +21,000, and June was revised up…
The KOSPI rose, and nobody bought it. Sept 3 close 6,579.48 (+16.76, +0.26%). Retail −955bn won, foreigners −419bn, institutions −215bn — all three real investor groups net sellers — while corporate treasury (share buybacks) took +1.59tn won. The KOSDAQ fell to 790.21 (−1.71%), losing the 800 line. Wednesday's time-zone explanation only half held. Of Wednesday's…
Bonds are the story. US 10-year at 4.79% (+3.5bp, fifth straight gain, highest since January 2025); 30-year at 5.28%. Falling bond prices are pulling equities down with them. This is not a US-only move. Japan's 10-year is at a 30-year high, France's at a post-2008 high, Germany's at a post-2011 high. A genuinely synchronized global…
The premise flipped. After Warsh's August 28 Jackson Hole speech, the probability of a September rate hike surged from 35.4% to 57.5%, and fed funds futures now put it near 60%. The September 15–16 FOMC also carries a fresh dot plot. Oil landed on top of it over the weekend. On August 30, US forces…