▷On June 10, the KOSPI index fell more than 4% in a single day, resulting in a loss of 355 trillion won in market capitalization.
-The KOSPI 200 Volatility Index (VKOSPI), often referred to as a fear gauge, reached 88.45, maintaining a historically high level.
-Recent market conditions have been marked by extreme volatility, with the sidecar mechanism activated 24 times in the securities market this year.
-This is approaching the annual activation count of 26 seen during the 2008 global financial crisis.
-Despite the downturn, individual investors have been actively buying undervalued large-cap semiconductor stocks.
-From June 1 to June 10, net purchases in the securities market totaled 21.9866 trillion won.
-Securities firms continue to raise target prices for Samsung Electronics and SK Hynix.
◆Key Reports
▷Data Talk #20: MSCI Developed Markets Inclusion Issue [Korea Investment & Securities]
-MSCI will announce the results of its annual market reclassification review on June 23 (Korean time, June 24 at 5:30 a.m.).
-The fastest scenario for South Korea to be classified as a developed market would involve being added to the Watch List this year, with an announcement in June 2027 and actual inclusion by the end of May 2028.
-South Korea currently ranks second in market capitalization among emerging market indices and would become fifth in developed markets and third in EAFE upon inclusion.
-Funds tracking developed and EAFE indices are larger than those for emerging markets, but South Korea's proportion may decrease, leading to a potential outflow of index fund capital.
-However, inclusion in developed markets is expected to enhance strategic asset allocation by global pension funds and sovereign wealth funds.
-Additionally, the potential for increased index representation for China and Vietnam could provide a positive outlook amidst uncertainties in emerging market indices.
◆Major Disclosures After Market Close (June 10)
▷Hyundai Motor Company to invest 26 trillion won in a new R&D hub in Wirye.
▷Lotte Shopping to issue 260 billion won in corporate bonds for debt repayment.
▷Daehan Optical Communication ends a 3.5 billion won bond seizure.
▷Webzen to repurchase an additional 10.9 billion won worth of its own shares.
▷Fantagio to list 3.27 million new shares through a third-party allocation in a capital increase.
◆Fund Trends (as of June 9, excluding ETFs)
▷Domestic equity funds: +75.7 billion won
▷Overseas equity funds: -74.5 billion won
◆Key Schedule for Today (June 11)
▷South Korea: Simultaneous expiration of futures and options, May employment trends.
▷United States: May Producer Price Index.
▷Europe: ECB monetary policy meeting.
* This article has been translated by AI.
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