Dongchun's Daily Market Digest

Hey, Dongchun here. DONGCHUN'S TAKE The single most important fact today is that Apple's blowout — $111.2B revenue, EPS $2.01, iPhone +22% YoY — flipped the entire post-FOMC narrative in one print. The reason it matters is that it stacks on top of an in-line PCE (3.5% headline / 3.2% core), Brent crashing 5.38% to $111.68, and Russell 2000 leading at +2.21% — a true broadening rally, not a Mag7-only move. Watch one signal at the May 4 KOSPI open: whether foreigners return to Samsung Electronics in the first five minutes after a 1.68 trillion KRW dump on April 30. Previous post: Read it → 1. US Session Recap The S&P 500 closed at 7,209.01 ( +1.02% ) for a fresh record, Nasdaq at 24,892.31 ( +0.89% ), Dow at 49,652.14 ( +1.62% ) for its biggest daily gain in seven months, and the Russell 2000 at 2,799.91 ( +2.21% ) — the small-cap index actually leading mega-caps. VIX collapsed -10.21% to 16.89, and SOX added 2.26% to 10,503.70. The single biggest catalyst was a cle...

Hey, Dongchun here. Here is how the Korean market closed today. DONGCHUN'S TAKE The single most important fact today is that foreigners net sold 1.68 trillion KRW in KOSPI right after a fresh record high. The reason it matters is that LG Energy Solution's 207.8 billion KRW operating loss versus a 465 billion KRW consensus broke the earnings season narrative on day one, and Hyundai Motor's -30.8% YoY operating profit added a second large-cap miss to the same session. Watch two things tonight: Apple's iPhone revenue print after the close, and whether Hormuz tension keeps WTI anchored above $108. Previous post: Read it → 1. Korea Market Close KOSPI closed at 6,598.87 ( -1.38% , -92.03 points) and KOSDAQ at 1,192.35 ( -2.29% , -27.91 points), with the index reversing sharply after touching a fresh intraday record at 6,750.27. The 1.38% drop wiped out the prior session's defense of the 6,640 zone and pushed KOSDAQ back below the 1,200 line. The single biggest dr...

Hey, Dongchun here. DONGCHUN'S TAKE The single most important fact today is that WTI jumped 8.36% to $108.28 and the inflation re-acceleration clock has restarted. The reason it matters is that the FOMC split 8-4 with three dissenters demanding the easing-bias language be removed — combined with the oil shock, the rate path is tilting hawkish again. Watch two things: whether Hormuz stays closed for another week, and whether SK Hynix can reclaim 1,300,000 KRW as the Big Tech split (Alphabet/MSFT beat vs Meta CAPEX shock) plays out in Korea's open. Previous post: Read it → 1. US Session Recap The S&P 500 inched down 0.04% to 7,135.95, the Nasdaq Composite crept up 0.04% to 24,673.24, the Dow fell 0.57% to 48,861.81 for a fifth straight losing day, and the Russell 2000 dropped 0.60% to 2,739.47. The flat tape masked a violent under-the-surface split: SOX rebounded +2.35% to 10,271.30 while energy and shipping ripped on the oil spike. The single biggest catalyst was the...

Hey, Dongchun here. Here is how the Korean market closed today. DONGCHUN'S TAKE The single most important fact today is that Korea absorbed a SOX -3.58% gut punch and still printed a third consecutive record close — Samsung Electronics rebounded +1.80% on the same day chip fears were supposed to land. The reason it matters is that domestic flows (institutions plus retail) cleanly offset 840 billion KRW of foreign selling, proving the rally has real local conviction beyond foreign positioning. Watch two things tonight: Powell's tone at 3 a.m. KST and the AI-CAPEX guidance from Microsoft, Alphabet and Meta at 5 a.m. KST — together they decide whether the OpenAI revenue-miss story stays noise or becomes signal. Previous post: Read it → 1. Korea Market Close KOSPI closed at 6,690.90 ( +0.75% , +49.88 points) and KOSDAQ at 1,220.26 ( +0.39% , +4.68 points), with KOSPI notching a third consecutive record close. The index opened weak at 6,619.00 ( -0.33% ) on overnight US te...