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🗂KOSPI Rallies Past 6,740 on Joint Buying by Individuals and Institutions Despite a massive net sell-off of 3.8 trillion won by foreign investors, the KOSPI managed to rebound and recover the 6,740 mark, bolstered by joint bargain hunting from individuals and institutions who bought over 1 trillion won. 🗂Foreign Investors Continue Semiconductor Sell-off vs. Rotation into Nuclear, Construction, and Financial Stocks Foreign investors heavily sold off major semiconductor stocks like Samsung Electronics and SK Hynix. However, funds flowed strongly into nuclear/construction stocks such as Doosan Enerbility and Korea Hydro & Nuclear Power, as well as financial and insurance stocks related to high-dividend value-up, driven by positive news regarding US nuclear power companies. 🗂KOSDAQ Market Closes Up 1.7% with Semiconductor Component Rebound The KOSDAQ index rebounded to 827 points due to buying momentum following the previous day's excessive plunge. Semiconductor equipment and component stocks showed strength, leading the index's rise amid joint net buying by foreign and institutional investors.

🗂 Oil Price Plunge Eases Inflation Concerns, US Stocks Take a Breather As attempts to de-escalate geopolitical risks from the Middle East led Brent crude prices to reverse their upward trend, market concerns about resurgent inflation have somewhat eased. Consequently, the New York stock market, despite volatility in long-term Treasury yields, halted its sharp decline and showed a differentiated market led by tech stocks. 🗂 Awaiting Nvidia's Earnings Report, Philadelphia Semiconductor Index Flat A cautious sentiment has permeated the global semiconductor technology sector ahead of Nvidia's earnings announcement scheduled for the 26th (local time). With heightened expectations for the results, profit-taking emerged in related large-cap stocks due to concerns over verifying AI profitability. 🗂 Treasury Market on Watch Ahead of Jackson Hole Meeting and Fed Chair's Keynote Speech Ahead of the Jackson Hole Symposium, which opens on the 27th, US Treasury yields have continued to trade sideways with limited upward movement amid cautious sentiment. The market is strongly seeking signals regarding the Federal Reserve's future monetary policy and its commitment to stabilizing long-term interest rates.

The Jackson Hole Economic Symposium is the 'regular meeting of global central bankers on economic policy' that the world's financial markets pay the most attention to. 1. Basic Overview ✋🏻 Host: Kansas City Federal Reserve Bank, one of the 12 Federal Reserve Banks of the United States ✋🏻 Date/Location: Late August every year, at the 'Jackson Lake Lodge' resort in **Jackson Hole**, Wyoming, USA ✋🏻 Attendees: Approximately 100-120 key central bank governors from around the world, including the Chair of the US Federal Reserve (Fed), the Bank of Korea, the European Central Bank (ECB), and the Bank of Japan (BOJ), as well as academics and major finance ministers (operated by strict invitation only). 2. Why the Market is Enthusiastic About This Event Unlike regular monetary policy decision meetings (FOMC, etc.), the Jackson Hole Symposium is held in an academic and free atmosphere. However, because past Fed chairs have used it as a stage to signal paradigm shifts in macroeconomics or turning points (Pivots) in major interest rate policies, it significantly increases market volatility.

🗂Domestic Stock Market KOSPI: 6,928.15 (▼ 11.97, -0.17%) KOSDAQ: 805.30 (▼ 2.90, -0.36%) 🗂US Stock Market (As of Market Close on Aug 24th, Local Time) Dow Jones: 53,212.11 (▼ 64.90, -0.12%) NASDAQ: 26,165.75 (▼ 14.70, -0.06%) S&P 500: 7,665.10 (▼ 9.27, -0.12%) Philadelphia Semiconductor Index: 11,812.50 (▲ 72.13, +0.61%) 🗂Exchange Rates & Commodities KRW/USD Exchange Rate: 1,385.10 KRW (▲ 2.40 KRW, Korean Won Weakened) WTI Crude Oil: $87.10 per barrel (▼ 0.73, -0.83%) Dubai Crude Oil: $94.22 per barrel (▼ 1.38, -1.44%)

🗂KOSPI Threatened Below 6,700 Amidst Foreigners' Massive 3.7 Trillion Won Net Selling The KOSPI experienced a sharp decline as foreign investors unleashed a massive sell-off worth 3.7 trillion won in the stock market. Weakening expectations for shareholder returns from major semiconductor stocks and global supply chain concerns fueled the desire for profit-taking. 🗂Won/Dollar Exchange Rate Drops to Early 1,380s Amidst Surge in Export Companies' Dollar Sales Contrary to the stock market's sell-off sentiment, the won/dollar exchange rate fell to 1,382.4 won in the Seoul foreign exchange market, driven by dollar sales (nego) from export companies at the end of the month. It attempted to break into the 1,370s during trading hours, continuing its downward trend. 🗂Consumer Sentiment Index (CCSI) Falls for the First Time in 4 Months Due to Increased Market Volatility and High Inflation According to the Bank of Korea, the consumer sentiment index for August fell by 2.3p from the previous month to 104.5, marking a decline for the first time in four months. Persistent high inflation and the contraction of asset effects due to recent stock market fluctuations are believed to have dampened household spending sentiment.

🗂Tightening Concerns Resurface Ahead of Jackson Hole Speech, New York Stocks Flat Ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole meeting, concerns about the possibility of maintaining a tightening monetary policy have intensified. Amidst weak U.S. economic indicators, investor sentiment cooled, leading major New York stock indices to close mixed and slightly down, with upward pressure limited. 🗂US Treasury Yields and Dollar Index Consolidate Amid Wait-and-See Approach The rise in U.S. Treasury yields has temporarily paused due to uncertainty surrounding the direction of monetary policy. The dollar index, which measures the dollar's value against major currencies, also fluctuated slightly around the 98 mark, reflecting a strong wait-and-see attitude as market participants await the Jackson Hole outcomes. 🗂Oil Prices Rebound on OPEC+ Production Cut Possibility and Geopolitical Risks International oil prices have strengthened again following hints of production cuts from oil-producing nations and ongoing geopolitical risks in the Middle East. Consequently, profit-taking funds have flowed into energy and resource-related sectors, stimulating upward inflationary pressure.

🗂KOSPI Down Over 1% Amid Samsung Electronics' Plunge... Impact of 'Below Shareholder Return Expectations' Fact Check: On the morning of the 24th, Samsung Electronics experienced a sharp decline of over 6% in the KOSPI market, pushing the index down by more than 1% to the 6,770 level. Although Samsung Electronics announced its shareholder return policy for the next three years, the market saw a sell-off due to a plan focused on dividends rather than the large-scale treasury stock retirement that investors had anticipated. In contrast, SK Hynix showed a slight gain, highlighting diverging stock performances between the leading semiconductor companies. The recent upward trend in the domestic stock market, driven by foreign and institutional buying, has reversed with visible net selling, leading to increased short-term volatility.

🗂Domestic Stock Market KOSPI: 6,940.12 (▲ 27.17, +0.39%) KOSDAQ: 808.20 (▲ 6.26, +0.78%) 🗂US Stock Market (As of market close on Aug 21st, local time) DOW JONES: 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 Index: 11,740.37 (▼ 59.64, -0.50%) 🗂Exchange Rates & Commodities KRW/USD Exchange Rate: 1,382.70 KRW (▼ 3.80 KRW, Korean Won strengthening) WTI Crude Oil: $87.83 per barrel (▲ 2.00, +2.33%) Dubai Crude Oil: $95.60 per barrel (▲ 2.00, +2.14%)

🗂KOSPI Surges to 6,910 on Large-Scale Shareholder Returns by Samsung Electronics & SK Hynix The KOSPI saw a sharp rebound to 6,912, with large-scale share buybacks and cancellations announced by the top two semiconductor companies acting as a stabilizing force for supply and demand. Despite a sell-off mid-week due to the impact of rising US Treasury yields, strong bargain hunting emerged, particularly in semiconductor blue chips. 🗂KOSDAQ Market Continues to Suffer from Growth Stock Sell-off, Barely Holding Above 800 The KOSDAQ index, sensitive to prolonged high-interest rate concerns, fell to 801 as foreign and institutional investors sold off high-value growth stocks, including secondary battery and pharmaceutical/biotech companies. A widening divergence within the KOSDAQ market is evident, with funds flowing into the KOSPI. 🗂Won/Dollar Exchange Rate Slightly Declines to 1,386 Won Amid Inflow of Export Company Negotiations Despite the prevailing dollar strength, the won/dollar exchange rate slightly dropped to 1,386.2 won, influenced by the inflow of deferred negotiation funds from exporters and the rebound in the domestic stock market. Concerns over potential intervention by foreign exchange authorities also acted to cap the exchange rate.

🗂Market Watching Ahead of Jackson Hole Speech, US Treasury Yields Close Slightly Higher With market caution reaching its peak ahead of the Global Economic Policy Symposium, the US 10-year Treasury yield saw a slight rebound to around 4.73%. Expectations that a cautious stance will be maintained regarding the monetary policy path and the extent of interest rate cuts are gaining traction, highlighting renewed volatility in the Treasury market. 🗂Tensions Over Trump Administration's Sanctions on Iran and Brent Crude Holding at $87/barrel Amid ongoing concerns about supply disruptions in the Middle East and the US's intensifying sanctions on Iran, international oil prices (WTI) closed trading at around $87 per barrel. The slowing pace of commodity price declines suggests that concerns about inflation stabilizing downwards have not completely disappeared. 🗂Nvidia Earnings and July PCE Announcement Pending Amid Big Tech Valuation Concerns A cautious sentiment is deepening, particularly around high-valuation tech stocks, as the earnings season for major AI companies concludes and the July Personal Consumption Expenditures (PCE) price index is awaited.