Throughout the day, they sold premium put options and started buying them at the end.
They net bought a whopping 1.6 trillion won...
Buying futures means that they are seeing the KOSPI positively,
but looking at the futures decline, they have been keeping it below the 5-day line, pressing down when it rises and lifting it again when it falls. They've been doing this for a month now.
Still, I think we should be grateful that they bought futures on a day like today when the market is falling.
Today's direction is 40% up and 60% down.
Is this a blessing in disguise...
After hitting 5200 today, it rose, so the upward momentum has increased somewhat.
Foreigners bought stocks this morning, but even though Hynix's earnings were bad, they hoped for good news in the earnings call... But foreigners couldn't stand it anymore and immediately switched to selling.
Hynix earnings call... To be honest, I was disappointed. Since the IR team members were reading like employees reading a Korean book, I thought it would have been better not to have an earnings call at all.
Just releasing a press release saying that we have 10 good LTA contracts and will continue to invest and plan for shareholder returns soon would have been much better.
Even if the US IPO quiet period is considered, at least it's difficult to say anything now. Just saying that they are positively reviewing it and will disclose the figures later would have been enough. But we ended up seeing the worst earnings call with people who read like they were reading a Korean book.
Now the direction is towards the US market tomorrow...
If FOMC interest rate freeze & Microsoft, Lam Research, and Qualcomm earnings are good in the early morning, I expect a significant rebound. Of course, the Samsung earnings call at 10 am tomorrow in Korea would be better if it also goes well. Since the results are already known, as long as they don't say anything seriously bad in the earnings call, we can rely on the US market.
For a rebound to appear, everything needs to be above average without any earnings misses. Most importantly, interest rate freeze is needed. Experts say that even if interest rates are raised, pressure on 10-year Treasury yields will decrease, but it's just better not to have a war. Oil prices need to fall. Just keep the pressure off by freezing interest rates. But it's frustrating that the US president is Trump...
Once again, we are currently in a sideways market. The bottom is still open and there hasn't been a strong rebound yet. There was a brief technical rebound, but so far there has only been a decline and no clear bottom area has emerged.
If you want to see a significant rebound, you may need to partially liquidate your holdings and secure cash, and buy again when it falls. If you are unsure about what will trigger a major rebound, you can hold on to your current position or sell everything and wait for the market to rise before entering again. It's not too late.
No matter what position you take now, it won't be a loss. Setting a stop-loss early can be a smart choice, and continuing to hold can be a long-term investment for the future. I know it's hard to endure this fear of not seeing the bottom, but I hope this article is helpful.
