[Morning Briefing] Amid Declining Trading Volume, KOSPI Attempts to Settle Near 6600, Focus on Credit Rating Changes and Supply-Demand Trends

Domestic Market Trends and Key Indicators

KOSPI Index and Supply-Demand Status

The KOSPI index has experienced volatile trading over the past 20 days, alternating between gains and corrections. Starting from 6,258.77 points on August 7, 2026, the index rose to as high as 6,977.94 points on August 14 before correcting and closing at 6,687.21 points on September 4, up from the previous day. The closing price trend of the KOSPI index over the past 20 days is as follows.

Looking at investor supply-demand trends, intense trading battles have unfolded among individual, institutional, and foreign investors over the past 10 days. Particularly on September 4, foreign investors recorded strong net purchases of 479.608 billion won, while institutional investors purchased 1,669.408 billion won. In contrast, individual investors executed massive net sales of 3,722.938 billion won, realizing profits. The net purchase trends by investor type in the KOSPI market over the past 10 days can be confirmed through the chart below.

KOSDAQ Index and Supply-Demand Status

The KOSDAQ index closed at 813.50 points on September 4, partially recovering from the previous day's drop of 790.21 points. Regarding KOSDAQ market supply-demand, as of September 4, foreign investors recorded net purchases of 259.85307 billion won, institutional investors purchased 160.93296 billion won, while individual investors showed net sales of 412.51036 billion won to conclude trading.

Credit Rating Evaluations and Market Signals

• Credit Rating Downgrade: NICE Credit Rating, in its assessment on September 4, 2026, downgraded the senior secured (SB) credit rating of Wilvis Corp. (008600) from CCC to D. The outlook is Stable.
• Futures Market Trends: In the KOSPI 200 futures (K200_FUT) market on September 4, foreign investors net purchased 7,793 contracts, and the futures closing price was recorded at 1053.05 points. The basis closed at 1.53.
• Global Futures Indicators: As of September 7, in the U.S. overnight futures market, S&P 500 futures (ES=F) showed a decline of -0.422%, while Dow futures (YM=F) decreased by -0.567%. In contrast, Nasdaq 100 futures (NQ=F) showed a slight upward trend of 0.137%.

Key Market News

• Sharp Decline in Trading Volume and Concerns about Range-Bound Trading: With the KOSPI index stuck in a trading range, an analysis suggests that the average daily trading volume in September has remained at 20.0484 trillion won, a decrease of approximately 60% compared to June, somewhat dampening market vitality.
• Exchange Rate Volatility Outlook: As the USD-KRW exchange rate recently entered the 1,340 won range during trading sessions, market experts are divided on the impact of foreign investor flows focused on large-cap semiconductor stocks and the possibility of further declines.
• IPO Subscription Schedule: Including Doosan Ne-Core, which became the first to receive approval after the ban on dual-listing principle was announced, six companies are conducting demand forecasts this week, drawing renewed attention to the IPO market.
• Financial Supervisory Service Briefing: The Financial Supervisory Service will hold 'On-site Corporate Disclosure Briefings' on September 21 (in Busan) and 22 (in Daegu) to help establish the disclosure system under the revised Commercial Act.

Source and Data Limitation Notice

• Source: Market data used in this briefing was collected based on information from the Korea Exchange (KRX), NICE Credit Rating, and individual media company press releases.
• Data Limitations: The presented data is a market snapshot as of September 7, 2026, and may not immediately reflect real-time changes. The collected news includes interpretations from individual media companies and may differ from actual facts. Past performance does not guarantee future investment results. This information is for reference purposes only and does not constitute investment advice or stock recommendations. Please make your final investment decisions carefully at your own risk.