Chip Rally in Asian Markets: KOSPI Rises 2.8%
📊 KOSPI — Piyasa Yorumu
▲ up · 65%The KOSPI closed at 1085.86, up more than 3.6%, driven by a strong chip rally. The RSI at 59 has not approached overbought territory, while the MACD is clearly above its signal line, confirming positive momentum. The price is above the 20-day SMA but trading close to the 50-day SMA; if it sustains above this level, the upward trend could strengthen. Although the chip rally in the news flow supports risk appetite in the short term, the risk of profit-taking after a sharp one-day rise should not be ignored. In the 1-3 day outlook, I expect a moderately upward trend, but volume confirmation and preservation of the 1080-1090 band are critical.
📊 N225 — Piyasa Yorumu
▲ up · 65%The chip rally in Asian stock markets may also positively affect the N225 index. The index has risen 2.84% in 24 hours to 65,172, with the RSI at 63.9, approaching overbought territory. It is trading above the MACD signal line and above the SMA20 and SMA50, indicating strong short-term momentum. However, the elevated RSI and the risk that the news may already be priced in should be considered. In the short term (1-3 days), the upward movement is likely to continue, but profit-taking may emerge.