Indicator Tracker (0906 Sun)
- What to look for
- You can review an assessment that outlines how the significance of large net sales by foreign investors varies by market phase, along with next week's scheduled variables, as the KOSPI searches for direction within the 6,400~7,200 range.
- Why it matters
- This helps you learn to interpret conditional signals, such as support at 155 yen for the dollar against the yen and gold breaking above its moving averages, and the principle of not judging Asian markets solely from US closing prices.
AI summary
This week, the KOSPI, KOSDAQ, Samsung Electronics and SK Hynix rebounded somewhat, but their positions relative to key moving averages and their patterns of highs make it difficult to confirm a bullish trend. The KOSPI was described as being in a phase of searching for direction within a range of approximately 6,400~7,200 points. Foreign investors made large net sales of Korean stocks in 2026, which individual investors absorbed, but the significance of foreign investor flows can vary depending on the market phase. US futures, US Treasury auctions, CPI and the ECB interest rate decision are the key scheduled events likely to influence volatility next week, with the caveat that the direction of Asian markets should not be judged solely from US closing prices. If the dollar against the yen breaks below 155 yen, the possibility of a decline to 150 yen, or to 153 yen and 147 yen over the medium to long term, remains open. Gold broke above its moving averages for 120 days and 60 days, showing relatively positive technical signals. The speaker acknowledged the possibility of a rise on Monday but said they were not confident it would continue through the latter part of the week, expressing a conservative view that favors considering cash allocations and taking profits rather than aggressive directional bets.