KOSPI enters Chuseok break above 7,000 as investors weigh post-holiday rally

  • The KOSPI closed at 7,080.92 on the 23rd, gaining 5.4% across five sessions before Chuseok.
  • Post-holiday gains averaged 1.07%, with 12 of 21 breaks ending higher over five sessions.
  • Individuals sold 1.4396 trillion won on the 23rd as the index entered the holiday above 7,000.

South Korea’s KOSPI closed at 7,080.92 on the 23rd, rising 0.90% and extending its advance over the five trading days before Chuseok to 5.4%. The move above 7,000 has shifted investor focus to whether the autumn rally will continue after the holiday or give way to profit-taking. A review of 21 Lunar New Year and Chuseok breaks from January 2016 through the run-up to Chuseok 2026 found that the KOSPI gained an average of 1.07% in the five sessions after holidays, with 12 periods ending higher. The index rose on the first session after 14 of the 21 breaks. When the market had advanced before a holiday, the following five-session gain averaged 1.42%. However, nine post-holiday periods ended lower after overseas shocks, including the COVID-19 outbreak, China Evergrande Group’s default crisis, a surprise U.S. consumer price index reading and tensions involving North Korea. Retail investors sold a net 1.4396 trillion won on the 23rd and 18.2205 trillion won on the main board from the 1st through the 22nd, while analysts said semiconductor leaders and institutional buying helped restore momentum above 7,000.

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