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KOSPI: Down 6.40% to 6,818.25 — Bearish — Price Below Key MAs

· Indices · MarketsFN Team

KOSPI: Down 6.40% to 6,818.25 — Bearish — Price Below Key MAs

Published: July 16, 2026  ·  MarketsFN Team

IndexPriceChangeRSI(14)SMA-2052W High52W Low
KOSPI6,818.25-6.40%30.37,929.159,114.554,840.74

The KOSPI is actively quoting at 6,818.25 (-6.40%), reflecting a significant sell-off driven by heightened investor concerns over economic growth and geopolitical tensions. This sharp decline signals a potential shift in market sentiment, as the index has now fallen below critical moving averages, indicating bearish momentum.

Currently, the KOSPI is trading well below both the 20-day simple moving average (SMA-20) of 7,929.15 and the 50-day simple moving average (SMA-50) of 7,982.55, reinforcing the bearish outlook. The relative strength index (RSI) stands at 30.3, suggesting that the index is in neutral territory but approaching oversold conditions, while it remains within a 52-week range of 4,840.74 to 9,114.55.

Looking ahead, the KOSPI faces immediate resistance at the SMA-20 level of 7,929.15, while support is likely to be tested near the recent low of 6,730.87. A decisive move above the SMA-20 could indicate a potential reversal, while a breach below 6,730.87 would further confirm bearish sentiment.

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