Daily forced liquidations jumped 4.4 times after the KOSPI crash. The price drop that breaks the 140% maintenance ratio can be derived from your loan share, and the amount sold is always larger than the shortfall.
Interpreting foreign net-buying data requires knowing which industry events captured global capital. In July, three themes hit the Korean market at once: defense orders, HBM competition, and energy supply-chain instability. This piece examines each and the conditions that break the framework.
Attention to SK Group Chairman Chey's HBM-pioneering role has put the semiconductor earnings cycle back at center stage. Whether KOSPI can sustain its rally in the Valuation-Up program's second year hinges on HBM demand durability and earnings recovery in non-semiconductor sectors.