20260824 Domestic Economic Issues

🗂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.