KOSPI Eyes Additional Support Amid Market Volatility

South Korea's KOSPI may gain further support on Thursday (January 22, 2026), as investors assess global tech sector trends and domestic institutional flows. Persistent foreign selling has pressured the index in early January, but signs of stabilizing semiconductor demand and renewed local investor participation could bolster sentiment. The index closed at 2,584.31 on January 21, down 0.4% from the prior session, with tech-heavy weights like Samsung Electronics (005930.KS) and SK Hynix (000660.KS) posting mixed performance. Foreign investors sold a net 183 billion won ($137 million) in equities this week, extending a five-day streak of outflows. However, retail and institutional buyers have stepped in, purchasing 104 billion won and 72 billion won respectively. Analysts cite potential technical rebound opportunities near the 2,550 support level, with options expiry and U.S. Federal Reserve commentary expected to influence Thursday’s trading range. Market makers suggest any sustained recovery will depend on stronger foreign buying momentum and improved export-related earnings visibility.