KOSPI: Down 7.89% to 7,648.09 — Bearish — Price Below Key MAs
MarketsFN Team
KOSPI: Down 7.89% to 7,648.09 — Bearish — Price Below Key MAs
Published: July 02, 2026 · MarketsFN Team
| Index | Price | Change | RSI(14) | SMA-20 | 52W High | 52W Low |
|---|---|---|---|---|---|---|
| KOSPI | 7,648.09 | -7.89% | 44.2 | 8,378.35 | 9,114.55 | 4,309.63 |
The KOSPI is actively quoting at 7,648.09 (-7.89%), reflecting a significant sell-off driven by heightened investor concerns over economic growth and geopolitical tensions. This sharp decline signals a potential shift in market sentiment, as the index has now fallen below critical moving averages, indicating bearish momentum.
Technically, the KOSPI is trading below both the 20-day simple moving average (SMA-20) at 8,378.35 and the 50-day simple moving average (SMA-50) at 7,820.20, which suggests continued weakness in the near term. The relative strength index (RSI) is at 44.2, placing it in neutral territory, while the index remains well within its 52-week range, which spans from a low of 4,309.63 to a high of 9,114.55.
Looking ahead, the KOSPI faces immediate resistance at the SMA-50 level of 7,820.20, while support is likely to be tested near the recent low of 7,616.33. A breach below this level could signal further downside, while a recovery above the SMA-50 may indicate a potential reversal in sentiment.
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