UBS and Morgan Stanley both issued buy opinions on semiconductors, leading to massive buying by foreigners from the beginning of the session.
On the other hand, individuals and institutions are selling,
and given that selling is dominant, it seems like individuals are making a mass exodus.
They seem to think this is the last chance to buy and are either cutting their losses or waiting for the price to stabilize before selling.
Or they could be selling their holdings to use leverage.
If foreign buying continues until today, it will be four consecutive trading days of net buying.
To see a general market recovery, there needs to be five consecutive trading days of net buying.
Trading volume is generally high, and although Samsung Electronics and Hyundai Motor have lower trading volumes than the 90-day average, the other three companies have relatively high trading volumes.
It's still too early to say it's a trend reversal,
and it could also be seen as a rise ahead of Google's earnings announcement.
It's still early in the session, so it's hard to say anything definitive. However, judging by the current atmosphere, it seems likely that prices will continue to rise.
However, given that in a market like this, prices can fall sharply if there are any changes in positions by institutions or foreigners after 11 am, we need to remain vigilant until the closing bell.
