KOSPI
Foreign capital outflows focusing on large-cap tech and manufacturing are testing support levels near the early 7,600 range.
Headline
July 2, 2026 Financial Market Briefing: Domestic and Global Markets Edging Lower as Exchange Rate Remains High
Key Takeaways
- The KOSPI and KOSDAQ indexes closed lower at 7,648.09 and 866.72 points, respectively, amid selling pressure from institutional and foreign investors.
- The US NASDAQ index also underwent a minor correction, closing at 26,040.03 points as profit-taking emerged around tech stocks.
- The KRW/USD exchange rate adjusted slightly around the 1,552.20 won level, but remains highly elevated, keeping market vigilance high.
KOSDAQ
Increased volatility in small-to-mid-cap pharma, bio, and IT component sectors led to a downward trend amid defensive selling by institutions.
NASDAQ
Major Big Tech companies showed a breathing spell due to uncertainty over interest rate cut paths and valuation pressures at historical highs.
Today's Watchlist
- Whether the KRW/USD exchange rate stabilizes in the 1,550 won range and possible smoothing operations by FX authorities.
- Earnings visibility of domestic defense and satellite technology companies driven by the growth of the global aerospace industry.
- Whether US monetary policy uncertainty eases and when foreign capital will return to the KOSPI.
Risk Note
If the high exchange rate environment persists, foreign capital outflows may accelerate, requiring close attention to foreign exchange volatility.
Last updated: 2026-07-02 16:00:14