The KOSPI – an uncomfortable long

This chart of the #KOSPI tells me when not to chase. I’ve missed plenty but I won’t buy something which I have no business buying, especially when the shape looks like this.

Who were the investors, allocators, speculators (and why) buying this index over the past few months?

Bless them for being profitable but the extremes suggest “look out below”.

And some may ponder the antithesis and better probability of being short the KOSPI…..

by Rob Zdravevski

rob@karriasset.com.au

June 9, 2026