Kospi Jumps 10%+ in Four Days, Retakes 6,300 — And I Just Watched

Kospi rocketed 14.64% in a single day, clawing back more than 10% over four sessions and reclaiming the 6,300 line, while Kosdaq rode along with an 8.35% gain. Foreigners poured over 1.3 trillion won into Kospi and institutions chipped in another 80-billion-won's worth of buying, with the buying so lopsided it tripped a buy-side sidecar — that's the real story behind today's surge. On Kosdaq, foreigners bought while institutions sold over 140 billion won, yet the index still got pushed up 8%-plus, which tells me today wasn't driven by one single source of money but several flows converging at once. It's also striking that on the same day SK hynix stayed tight-lipped about shareholder returns after its ADR listing, it was cloud names that rallied while semiconductors and AI names lagged — like the market rotated its rally fatigue from chips into cloud to digest it. Zooming out, with exports and employment still propping up the real economy and the currency/commodity backdrop staying friendly, I read today's spike less as one-day noise and more as pent-up buying pressure finally breaking loose. Still, a move this fast is something I'd rather watch than chase, so I went into today without a single position on, just observing.