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KOSPI is in a choppy uptrend as well and just hit the lower boundary of the uprising channel. Lots of the weakness recently is due to the fund flow(the negative narrative is not the root cause):
1. Chinese fund selling to buy CXMT IPO
2. Other foreign funds selling to buy SK Hynix ADR in US
3. KR’s pension funds keeps selling to rebalance.
This is an important channel to defend. Let's wait and see.