Today's Economic Briefing — 2026-07-05 (경제 브리핑)
The KOSPI is facing a volatile market ahead of earnings season, while the KRW/USD exchange rate eyes the 1,500 level amid the launch of 24-hour foreign exchange trading. Securities firms are expected to see record-breaking earnings due to this market volatility.
Today's Economic Briefing — 2026-07-05
Financial Market Trends
-
KOSPI Volatility Deepens Ahead of Earnings: The KOSPI recently dipped to the 7,600 mark before rebounding to the 7,700 level. This week marks the start of the earnings season, where investors will be looking at profit momentum from semiconductor giants like Samsung Electronics.
KOSPI Chart Analysis -
KRW/USD Rate Seeks Stability Near 1,500: The KRW/USD exchange rate closed at 1,525.6 won, down from the 1,550 range. Experts project an average rate of 1,484 won by the end of the year. There are concerns that the transition to a 24-hour foreign exchange market may increase initial volatility.
Exchange Rate Trends -
Credit-Based Trading Jumps by 4.2 Trillion Won in Q2: As of the end of June, the balance of credit-based stock loans reached 37.3228 trillion won, up 4.2 trillion won from the first quarter (32.9223 trillion won). Retail investors significantly increased "debt-financed" investments during the second quarter when the KOSPI surpassed the 9,000 mark for the first time.
Credit Trading Status
Major Economic News
-
Securities Firms Expect Record Earnings Amid Volatility: The volatile KOSPI is proving to be a tailwind for securities firms. Samsung Securities is projected to show significant growth with an operating profit of 576.3 billion won and a net profit of 441.5 billion won, while NH Investment & Securities is expected to reach 532.6 billion won in operating profit and 416.3 billion won in net profit. Korea Financial Group is also signaling record-breaking performance.
-
Savings Banks Surge in 4% Annual Interest Deposits: Savings banks offering 4% annual interest rate time deposits surged to 151 products within a month. With the 12-month average interest rate rising by 0.56 percentage points to 3.88%, half of all available products now offer preferential rates of 4% or higher.
-
"Supply Shock" from Public and Bank Bonds: A massive volume of public and bank bonds is flooding the market, acting as a "black hole" for institutional funds. The heavy issuance by public bond issuers ahead of the phased inclusion in the World Government Bond Index is intensifying the dry-up of the corporate financing market.
Industry Trends
-
Mirae Asset Securities Publishes 2026 Integrated Report: Mirae Asset Securities has released its 2026 Integrated Report, detailing its AI and global strategies. The report includes business strategies, key management results from last year, and shareholder return policies.
Mirae Asset Securities Report -
24-Hour FX Trading Brings Volatility Management Tasks: Starting this week, KRW/USD trading is available 24 hours a day in the domestic FX market. While it is expected to help stabilize exchange rates by reflecting global macroeconomic shocks in real-time, managing initial volatility due to increased liquidity in the overnight market remains a challenge.
24-Hour FX Market Opening
Expert Analysis and Outlook
-
Exchange Rate Expected to Stay in 1,500 Range Until Next Year: A survey of 10 macro and bond experts placed the average year-end KRW/USD exchange rate projection at 1,484 won. The direction of the rate depends on the pace of interest rate hikes by the U.S. Federal Reserve, while the speed is influenced by the inflow and outflow of foreign investment in the domestic stock market.
-
Earnings Season Volatility and the "Break-Even" Mindset: Market experts note that if stock prices rebound after dropping more than 10% from their peak, investors often develop a psychology of wanting to sell once they reach their break-even point. Timing profit-taking in a volatile market is crucial right now.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
Powered by
