KOSPI Market Review — 2026-06-29 마감
The KOSPI closed at 8,394.65 on Monday, June 29, 2026, down 16.56 points (0.2%). While foreign selling of 4 trillion won pressured the index, the KOSDAQ saw a buying sidecar triggered by a rally in battery and biotech stocks.
KOSPI Market Review — 2026-06-29
Index and Market Summary
The KOSPI closed at 8,394.65, down 16.56 points (0.2%) from the previous trading day.
Although the index dropped toward the 8,300 level during the morning session due to 4 trillion won in net selling by foreign investors, it managed to recover some ground by the closing bell.
Key Market Stocks and Highlights
KOSDAQ Market:
- Battery and biotech stocks rallied, causing KOSDAQ 150 futures to climb over 6% from the previous closing price, triggering a buying sidecar.
- The KOSDAQ index trended upward, supported by buying from foreign and institutional investors.
Semiconductor Stocks:
- Samsung Electronics and SK Hynix remain in the spotlight as representatives of the global memory and semiconductor industry, with expectations for Q2 earnings rising following strong results from Micron.
Key Supply, Demand, and Economic Issues
1. Intensifying Foreign Sell-off Foreign investors dumped 4 trillion won worth of shares during the morning. This follows last week (June 22–26), during which foreign and institutional investors combined for a massive 20 trillion won sell-off.
2. All-time High Volatility Index On the 25th of last week, the VKOSPI (KOSPI 200 Volatility Index) reached 95.09, setting a new all-time high.
3. Semiconductor Earnings Expectations Ahead of the July earnings season, anticipation is high for strong Q2 results from Samsung Electronics and SK Hynix. The consensus for Korea’s June export growth in semiconductors, set to be released on the 1st of next month, is expected to hit 55.7% year-on-year.
Market Review and Outlook
After a dizzying, roller-coaster month of June, the KOSPI is now looking toward a potential easing of volatility as the July earnings season begins.
While the market experienced extreme fluctuations last week—including triggering circuit breakers twice in a single week—today's session showed resilience by limiting losses despite persistent foreign selling.
The fact that the KOSDAQ index rallied and triggered a buying sidecar on the back of battery and biotech stocks suggests the market is attempting to diversify beyond just semiconductor dependence. Moving forward, the upcoming earnings reports from Samsung Electronics and SK Hynix will serve as key variables in determining the market's direction.
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.
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