South Korea's KOSPI Index Expected to Trade 6700-7600 This Week as Tech Earnings Loom

According to NH Investment Securities, South Korea's KOSPI index is expected to trade within the 6700-7600 range this week (July 27-31), with volatility driven by upcoming corporate earnings and geopolitical risks. The benchmark fell 5.72% to close at 6690.62 on July 24.

Market focus is turning to major earnings releases scheduled for the week: Meta and Microsoft will report on July 30, while Amazon reports on July 31 (Korea time). Samsung Electronics and SK Hynix will also announce their confirmed Q2 results on July 30 and 29, respectively. Alphabet's Q2 earnings this week eased AI capital expenditure (CAPEX) concerns, with the company raising full-year CAPEX guidance to $195-205 billion from $180-190 billion, signaling sustained AI infrastructure investment demand.