KOSPI crossed 7,000 and then slipped back. The tape is still a chip tape. At 10:10 a.m. on Sept. 21, had the index at 6,993, up 99 points or 1.45%. It opened at 6,938.34 and briefly hit 7,007.1. US futures were mixed Friday. The Philadelphia semiconductor index jumped 2.78%. Nvidia, Micron, Broadcom, and AMD all rose. The 10-year Treasury yield sat back above 5%. On KOSPI, Samsung Electronics was up 3.45% at 270,000 won. SK Hynix was up 0.92% at 1.874 million. Samsung preferred, SK Square, Samsung C&T, and Samsung Electro-Mechanics also rose. LG Energy Solution and Hyundai Motor lagged. KOSDAQ was at 834.13, up 0.85%, after dipping to 823. Retail bought that market. Foreigners and institutions sold.

KOSPI just reclaimed 7,000 in early trade on semiconductor optimism. The spark is OpenAI’s new Astra model and bets that bigger AI systems will keep lifting memory demand. Samsung and SK Hynix are mostly flat.

KOSPI halted limit down again tonight. 10th circuit break I believe in 2026 alone already? For comparison sakes, the S&P500 has only had 5 circuit breaker halts in its entire history according to a quick Google search. Eesh.

KOSPI up 22% in the last 10 days. We thought the market all around the world, was being pushed around by unsophisticated retail degenerates, buying 3x levered ETFs. Turned out what was weighing everything down, was one, highly-sophisticated investor.

KOSPI IS ALMOST BACK IN A BULL MARKET AFTER JULY’S HISTORIC CRASH. South Korea’s KOSPI jumped over +3.5% today to a three-week high as AI and semiconductor stocks rallied. The index has now recovered nearly +30% from its late-July low below 5,300. Samsung gained +40%, while SK Hynix rose more than +30% from their July lows. Before the crash, the KOSPI had tripled to +300% in since April 2025, reaching an all-time high of 9,100 in June. KOSPI then crashed over -40% as margin calls and 2x leveraged ETFs wiped more than $2 trillion from Korean markets. Assets in Korean leveraged ETFs have since fallen from $53 billion to around $25 billion, leaving the market less crowded. Foreign investors are now returning. Global funds bought $2 billion of KOSPI shares on Wednesday, while retail investors sold. Steady US inflation and strong US tech earnings revived confidence in AI demand. Also reports that Singapore’s Temasek may invest in Samsung and SK Hynix added to the momentum. Korea also plans to fast-track approvals for semiconductor and AI megaprojects. But the biggest risk remains: Samsung and SK Hynix still represent over 55% of the KOSPI, leaving the entire market dependent on global AI spending.

KOSPI $SKHY -6.5% Honestly? I think it's just consolidating around the Volume Shelf (~1,856k). But if you'd been trimming on Pink & Red candles, you'd be in a far better position right now. Rule of Thumb 3: Scale In & Out. 300+ charts daily. Try it free: