It seems that foreign buying is driven by short covering due to option expiration.
As soon as the market closed, 5 million shares of Samsung Electronics were dumped from offshore, and institutions almost all bought them.
Seeing it fall on the neck today, I can't help but feel uneasy. According to AI analysis, the current rise is an illusion caused by short covering due to option expiration.
It is reported that foreigners suffered considerable losses today because they held a large number of 1000 futures put options and forcibly covered their shorts. On the other hand, institutions leisurely sold Samsung Electronics shares at 270,000 won and bought them from offshore at a lower price. (Some of them may have been buying due to call options...)
Judging by the fact that foreigners dumped all futures at the end of the day, it seems that the domestic market trend reversal is still far away. Today's PPI results were good, so I hope they will provide some support from overseas.
I thought the trend would change with the red three soldiers,
but tomorrow's market outlook doesn't seem easy either.
