Market (0928 Mon)

The host reviews intraday conditions as the KOSPI falls more than 2%, assessing that trading flows and sentiment are driving the market without any particular news. The KOSPI has retreated after hitting its 120 day moving average and is in the area where its 60 day and 20 day moving averages meet, while foreign investors are net sellers of 2 trillion won plus 7 thousand hundred-million won on the KOSPI. Samsung Electronics and Hynix have fallen more than 4%, but their price channels remain intact, while rechargeable battery (2cha jeonji) and platform stocks are holding up through sector rotation. A sharp drop in government bond futures is driving steep increases in 3 year and 10 year bond yields, with rising US yields spilling over into Korea. With negative factors overlapping, including quarter-end rebalancing, the fading of dividend and share buyback catalysts, and weakness led by the Nikkei, the host sees a possibility of further declines through Wednesday. The response strategy is to lower the average purchase price through buying in installments if the KOSPI falls 3% and semiconductor stocks fall 5%, rather than taking short positions, spreading purchases through the day after a bearish candle. The host says fundamentals are normal, advises waiting for the moving averages to shift into bullish alignment in mid-October (month 10), and recommends reducing anxiety rather than buying or selling indiscriminately. All directional outlooks are the speaker's conditional judgments, not definitive predictions of short-term prices.