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🗂Domestic Stock Market KOSPI: 6,912.95 (▲ 60.37, +0.88%) KOSDAQ: (No information) 🗂US Stock Market DOW: 53,277.01 (▲ 517.80, +0.98%) NASDAQ: 26,180.45 (▲ 113.28, +0.43%) S&P 500: 7,674.37 (▲ 33.21, +0.43%) Philadelphia Semiconductor: 11,740.37 (▼ 59.64, -0.50%) 🗂Exchange Rates & Commodities KRW/USD Exchange Rate: 1,386.50 KRW (▼ (vs previous day), KRW strengthening) WTI Crude Oil: $87.83 per barrel (▲ 2.00, +2.33%) Dubai Crude Oil: $95.60 per barrel (▲ 2.00, +2.14%)

🗂Domestic Stock Market KOSPI: 6,912.95 (▲ 60.37, +0.88%) KOSDAQ: 801.94 (▼ 38.95, -4.63%) 🗂US Stock Market DOW: 53,277.01 (▲ 517.81, +0.98%) NASDAQ: 29,308.86 (▲ 95.70, +0.33%) S&P 500: 7,674.37 (▲ 33.21, +0.43%) Philadelphia Semiconductor Index: 11,740.37 (▼ 59.63, -0.51%) 🗂Exchange Rates & Commodities KRW/USD Exchange Rate: 1,386.50 KRW (▼ 6.10 KRW, Korean Won strengthening) WTI Crude Oil: $87.06 per barrel (▲ 0.23, +0.26%) Dubai Crude Oil: $90.27 per barrel (▲ 0.75, +0.84%)

🗂 KOSPI Recovers to 6,900 Level on Shareholder Return Expectations for Major Semiconductor Stocks Despite external headwinds from rising US Treasury yields, the KOSPI rebounded to 6,910, driven by expectations of massive shareholder return policies from major semiconductor companies like Samsung Electronics. Institutional buying led the index's recovery. 🗂 Won/Dollar Exchange Rate Hovers in Late 1,380s Amid Breathing Room and Watchful Eyes of Forex Authorities Despite the resumption of global dollar strength, the won/dollar exchange rate closed slightly lower at 1,386.5 won, supported by inflows of settlement funds from exporters. Exchange rate volatility is likely to increase again depending on the dollar's direction following the Jackson Hole meeting results. 🗂 Sell-off Intensifies for KOSDAQ Growth Stocks, Triggering Intraday Sell-off Circuit Breaker The KOSDAQ market, sensitive to rising interest rates, plunged to 801, down 4.6%, with extreme volatility leading to the activation of an intraday sell-off circuit breaker. Net selling from foreign and institutional investors poured into high-valuation growth stocks, particularly in secondary battery and bio/pharma sectors.

🗂Jackson Hole Meeting Opens, Deepening Wait-and-See Approach on Monetary Policy Pivot As the Jackson Hole Symposium, where global central bank chiefs gather, kicks off, the financial markets' cautious stance intensifies. Driven by the desire to confirm the Fed's September rate cut magnitude and whether it will maintain a prudent stance, major New York Stock Exchange indices are showing a wait-and-see attitude without a clear direction. 🗂Treasury's Large-Scale Buyback Offer Fails to Prevent Bond Yield Rebound To ease the surge in long-term bond yields, the U.S. Treasury hinted at the possibility of expanding its bond buyback limits. However, this has not fully resolved market concerns about the fiscal deficit. The U.S. 10-year Treasury yield has rebounded to around 4.7%, capping the upside for tech stocks. 🗂International Oil Prices Stay at $93 Following Trump Administration's Warning of Strengthened Economic Sanctions on Iran With the announcement of additional U.S. sanctions on Iran imminent, Brent crude is maintaining its strength at around $93 per barrel due to concerns about supply disruptions. The sustained high oil prices are keeping concerns about the resurgence of global inflation alive.

🗂 KOSPI: Limited Rebound Amid Technical Buying After Plunge The KOSPI, which sharply declined due to the previous day's treasury yield shock, is attempting a rebound, buoyed by the stabilization of the US stock market. However, in the absence of clear inflow from foreign and institutional investors, the index is being supported by bargain hunting primarily from individual investors. 🗂 Won/Dollar Exchange Rate Attempts to Settle in the 1,390s Amid FX Authority Vigilance As the global dollar strength has subsided, the upward trend of the Won/Dollar exchange rate has been halted in the early 1,390s. While the FX authorities' fine-tuning and exporters' nego (negotiation) supply are capping the upside, the market is closely watching for potential rebounds following the outcome of the Jackson Hole meeting. 🗂 Bank of Korea MPC Leans Towards Freeze, Enhanced Monitoring of Household Debt Ahead of next week's Monetary Policy Committee (MPC) meeting, the prevailing outlook is for a freeze in the base interest rate, considering the growth in household loans and exchange rate volatility. The Bank of Korea's policy calculations have become more complex amidst concerns about delaying rate cuts and potentially stimulating housing prices in the Seoul metropolitan area.

🗂​US Stocks Rebound Slightly and Cautious Sentiment Deepens Ahead of Jackson Hole Meeting Ahead of Federal Reserve Chair Jerome Powell's Jackson Hole speech, the New York stock market saw a slight rebound, led by tech stocks, as the rise in US Treasury yields showed a temporary lull. However, uncertainty surrounding the magnitude and pace of a September rate cut remains, pushing investor caution to its peak. 🗂​US 10-Year Treasury Yield Stabilizes, Dollar Index Takes a Breather Amidst buyback expectations and attempts to ease geopolitical tensions, the US 10-year Treasury yield has stabilized below the 4.3% mark. The dollar index also held steady around the 98 level, indicating a temporary slowdown in upward volatility in the global foreign exchange market. 🗂​European Central Bank (ECB) Signals Further Rate Cuts Amidst Economic Slowdown Concerns As the Eurozone's August PMI index fell short of expectations, concerns about a European recession have resurfaced. ECB officials hinting at the possibility of further rate cuts are accelerating the weakening of the Euro and stimulating a rush of global capital into US assets.

Domestic Economic Issues 🗂️KOSPI Starts Lower Amid Shock of Rebounding US Treasury Yields South Korea's stock market, which surged the previous day, opened lower due to the overnight weakness in the US market and the impact of rising Treasury yields. Amid simultaneous selling by foreign and institutional investors, the KOSPI dipped to the 6,760 level in early trading, showing volatile movements. 🗂️Won/Dollar Exchange Rate Faces Upward Pressure, Rebounding to the 1,390 Won Range Amid External Headwinds The dollar/won exchange rate reversed its trend after just one day, rising to the mid-1,389 to 1,390 won range due to soaring international oil prices and the resumption of dollar strength. The stabilization of the exchange rate has entered a lull, acting as a factor that restricts the trend of foreign capital inflows. 🗂️Semiconductor Giants Offer Limited Defense vs. Weakness in Industrials/Construction Differentiates Despite the market downturn, AI semiconductor-related stocks like Samsung Electronics and SK Hynix are slightly rising, supporting the index's lower bound. However, sectors sensitive to rising interest rates and oil prices, such as construction, machinery, and medical/precision instruments, are experiencing significant declines, intensifying sector-specific differentiation.

🗂​US Treasury Buyback Effect Diluted, Treasury Yields Re-surge, New York Stocks Decline Despite the US Treasury's move to raise the limit on long-term Treasury buybacks (bond purchases), Wall Street's fundamental fiscal concerns remain unresolved, leading to a rebound in Treasury yields after just one day. As the US 30-year Treasury yield climbed back to the 5.24% range, the burden of high valuations intensified, causing all three major indices – the Dow (-1.32%), S&P 500 (-0.87%), and Nasdaq (-1.00%) – to close lower. 🗂​Brent Crude Surpasses $93 Following US Threat of Severe Sanctions Against Iran The Trump administration's announcement of a 'fatal economic operation' compelling third-party involvement against Iran has maximized concerns over supply disruptions related to the Strait of Hormuz. Consequently, Brent crude surged to $93.78 per barrel, further fueling fears of renewed inflation.

Today's Key Financial and Economic Indicators (As of August 21, 2026) 🗂Domestic Market * KOSPI: 6,759.95 (▼ 92.63, -1.35%) * KOSDAQ: 824.05 (▼ 16.82, -2.00%) 🗂US Market * DOW: 53,343.40 (▼ 116.38, -0.22%) * NASDAQ: 26,289.71 (▼ 355.20, -1.33%) * S&P 500: 7,691.76 (▼ 53.30, -0.69%) * Philadelphia Semiconductor Index: 11,820.15 (▼ 146.33, -1.22%) 🗂Exchange Rates & Commodities * KRW/USD Exchange Rate: 1,389.15 KRW (▲ 0.75 KRW, slightly weak) * WTI Crude Oil: $86.41 per barrel (▲ 2.02, +2.39%) * Dubai Crude Oil: $91.15 per barrel (▲ 0.86, +0.95%)

SK Hynix has announced a groundbreaking, large-scale shareholder return policy, including the cancellation of treasury shares. By releasing the shareholder return plan earlier than the initially planned Q3 announcement, they sent a strong positive signal to the market in terms of 'timing, perception, and anticipation.' According to securities firm analyses, SK Hynix has raised its existing policy of allocating 50% of its cumulative free cash flow (FCF) from 2025-2027 to shareholder returns to 'over 50%.' Specific measures, such as an expanded fixed dividend and special dividend, in addition to the 40 trillion won share buyback cancellation, are expected to be finalized through a board resolution and announced at the time of the Q3 earnings release in late October. This announcement is interpreted as a strong expression of confidence in future large-scale cash generation capabilities and growth potential, and is expected to be positive for a re-evaluation of corporate value (valuation rerating). However, in after-hours trading immediately following the announcement of the radical shareholder return policy, the stock price saw a slight decline due to the exhaustion of short-term catalysts, showing a pattern of consolidation.