KOSPI Rebounds 3.6% as Leverage Unwinding Eases
2026-07-21 15:37

Woofun AI reports that the KOSPI index closed up 3.6% at 6747.95 points on Tuesday, following a session high of 4.9%. This rebound marks a stabilization after a 10.5% decline over the preceding two trading days, driven by the easing of sell-offs linked to leveraged position unwinding. Although the index remains 25% below its June 22 all-time high, regulatory measures against leveraged financing products have redirected market attention toward fundamental drivers, including robust AI-related demand and optimistic earnings forecasts for memory chip manufacturers. JPMorgan analysts maintain an "overweight" rating with a 12-month target of 12,500 points, asserting that the market can overcome position-unwinding shocks and sustain its positive trajectory.

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