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KOSPI Trades Sideways Amid Caution Ahead of Nvidia Earnings and Key Economic Data
Electronic Technology · Semiconductors · yonhap_finance · 2026-08-26
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The KOSPI index fluctuated in a narrow range as investors awaited Nvidia's earnings and key U.S. economic indicators, with semiconductor stocks leading gains.
What Happened
Market Sentiment: The KOSPI index is trading in a narrow range as investors adopt a wait-and-see approach ahead of major events, including Nvidia's earnings release and the Jackson Hole Symposium. Foreign investors have continued their selling streak for four consecutive sessions, adding pressure to the market.
Semiconductor Rally: Following a rebound in U.S. semiconductor stocks overnight, domestic heavyweights Samsung Electronics and SK Hynix are showing gains. Expectations surrounding Nvidia's upcoming earnings report are providing a positive tailwind for the broader semiconductor sector.
Macroeconomic Factors: Declining U.S. Treasury yields have eased some market concerns, while oil prices fell as tensions regarding Iran appeared to subside. Investors are closely monitoring upcoming U.S. economic indicators, such as the PCE price index, for further market direction.
Investment Outlook: Market experts anticipate limited directional movement for the index until the major economic variables are released. While individual investors continue to buy, persistent selling by foreigners and institutions is contributing to ongoing market volatility.