KOSPI: Down 5.35% to 7,246.79 — RSI Signals Oversold
MarketsFN Team
KOSPI: Down 5.35% to 7,246.79 — RSI Signals Oversold
Published: July 08, 2026 · MarketsFN Team
| Index | Price | Change | RSI(14) | SMA-20 | 52W High | 52W Low |
|---|---|---|---|---|---|---|
| KOSPI | 7,246.79 | -5.35% | 29.5 | 8,356.85 | 9,114.55 | 4,552.37 |
The KOSPI closed at 7,246.79 (-5.35%) as investor sentiment soured amid ongoing geopolitical tensions and concerns over economic growth in the region. This significant drop signals a market grappling with uncertainty, pushing the index further below key moving averages and into oversold territory.
Currently, the KOSPI is trading below both the 20-day simple moving average (SMA-20) at 8,356.85 and the 50-day simple moving average (SMA-50) at 7,931.03, indicating a bearish trend. The relative strength index (RSI) stands at 29.5, confirming that the index is in oversold territory, while it remains well within the 52-week range of 4,552.37 to 9,114.55.
Looking ahead, the KOSPI faces immediate resistance at the SMA-50 level of 7,931.03, while support is likely to be tested near the recent low of 7,186.21. A decisive move above the SMA-50 could signal a potential recovery, while a breach below 7,186.21 may exacerbate selling pressure.
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice or investment recommendations. All investments involve risks and past performance does not guarantee future results. You are solely responsible for your investment decisions.
