KOSPI Closes at 6755.75 as Market Focuses on Samsung, SK Hynix Earnings This Week

South Korea's KOSPI index closed at 6755.75 on July 27, gaining 65.13 points or 0.97%, according to the Korea Exchange. This week, market focus shifts to major earnings releases from Samsung Electronics and SK Hynix on July 29-30, alongside reports from U.S. Big Tech firms including Microsoft and Meta (July 29) and Amazon and Apple (July 30).

Market participants are closely watching whether hyperscalers will maintain their AI capital expenditure expansion plans amid easing concerns about a slowdown in AI investment. Google raised its 2024 CAPEX outlook to $19.5-$20.5 billion from an earlier estimate of $18-$19 billion. For domestic chipmakers, investors are eyeing guidance on long-term supply contracts, memory demand, and profitability. Additionally, the Federal Reserve's July policy decision is scheduled for July 30.