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Overbought KOSPI Called Higher Again On Wednesday

Market Technicals & FlowsInvestor Sentiment & PositioningEmerging Markets

South Korea’s KOSPI rebounded sharply on Monday to a fresh record closing high, after having fallen the prior session following a three-day, 3.4% rally. The index is now sitting just below the 6,940-point level, signaling continued strong momentum and risk-on sentiment in the Korean market.

Analysis

South Korea’s KOSPI rebounded sharply on Monday to a fresh record closing high, after having fallen the prior session following a three-day, 3.4% rally. The index is now sitting just below the 6,940-point level, signaling continued strong momentum and risk-on sentiment in the Korean market.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35