KOSPI outlook splits as strategist sees 10,000, economist warns of downtrend

  • Lim Tae-hyuk identifies 6,500–7,000 as KOSPI support and recommends staggered index buying.
  • Korea’s retail, foreign and institutional investors sold a combined 4.8678 trillion won through September 4.
  • Revised second-quarter growth and U.S. August inflation figures are due this week.

South Korea’s sharply swinging stock market faces a week of major economic data, including revised second-quarter growth, U.S. inflation and central-bank policy decisions. Samsung Asset Management executive director Lim Tae-hyuk says the KOSPI’s 6,500–7,000 range should provide support barring a global shock and favors staggered buying through broad-market ETFs, citing Korea’s valuation and earnings outlook. Kim Young-ik, head of the Tomorrow's Hope Economic Research Institute, remains bearish and expects weakness through the first half of next year after a projected cyclical downturn in the Leading Economic Index. Retail, foreign and institutional investors have all been net sellers, while company buybacks have absorbed supply without providing enough momentum to lift the index. The wider investor agenda also includes Korean chipmakers’ U.S. expansion, SpaceX’s approach toward its initial trading price and Hana Securities’ planned overseas hybrid-capital issuance.

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