KOSPI Closes at 7,991 Despite Foreigners' 2.9 Trillion Won Sell-off, Future Direction of Domestic Stock Market Seen Through Charts

Summary

Park Se-ik reviews the KOSPI's approach to 8000 despite heavy foreign selling of 2.9 trillion won. He highlights sector rotation from semiconductors to domestic consumer stocks and provides specific technical setups on select stocks including Samyang Foods, PharmaResearch, and Kolon Tissue Gene. The US market is noted as still having short-term upside but vulnerable to a pullback from rising yields.

• KOSPI closed at 7,991, nearing 8,000 despite foreign net selling.
• Foreigners sold 2.9 trillion won in stocks and 1.34 trillion won in futures.
• Samyang Foods identified as top defensive candidate when semiconductors slow.
• PharmaResearch shows monthly chart pattern similar to last year's breakout above 357,000 won.
• Kolon Tissue Gene pattern: buy 2-3 weeks after the breakout high pullback.
• US S&P 500 and NASDAQ RSI entering overbought zone; 10-year yield rising is a risk.
• Options positioning shifted to a long-only profile, limiting downside for the index.
• Contrarian investment approach recommended at current levels.