We can consider a few scenarios.
After a slight drop in the gap, buy spot contracts and form a bullish candle. In this case, foreigners can short cover at the end of the day, so if there was a short selling loss, it would not only be recovered but also generate enormous profits.
Backwardation induction: Market algorithms induce spot selling and futures buying. Foreigners buy spot contracts at low prices.
Just semiconductor stock adjustment. Even if KOSPI is on an uptrend, Samsung Electronics alone will suppress it through a linked decline, allowing for spot purchases at low prices.
There are several scenarios, but unless foreigners cut their futures positions, shouldn't they raise the price after Monday even if there is a slight pullback on Friday? I think so.
Foreigners' ultimate goal is nothing more than buying spot contracts at low prices and selling futures contracts at high prices. Even today, the fact that Micron Memory is being pressed without any special supply and demand news seems to be an attempt to influence Korea by linking only the memory sector?
I keep thinking it's just a buildup for short selling or futures arbitrage, but this is just speculation.
Looking at Hyun Sang Min, tomorrow's range-bound trend seems likely. I have a feeling that it will lean towards the weaker side.
They will eventually raise it for futures arbitrage.
