STOCKS | Asia Markets Rebound as South Korea’s KOSPI Stages V-Shaped Turnaround

South Korea’s KOSPI rebounded sharply after the afternoon open, staging a V-shaped recovery and at one point rising more than 1% after earlier falling more than 5%. Samsung Electronics rose more than 4%. According to Jin10, Japan’s stock indexes also turned higher, China A50 futures surged in a straight-line move, and U.S. stock index futures in overseas trading also moved into positive territory. Analysts cited two positive developments as drivers of the rally: South Korea’s market-stabilization efforts and renewed large-scale buying in A-share ETFs. From the perspective of cross-market linkages, analysts said South Korea’s actions may have been the main factor. From the A-share angle, data from Industrial Securities’ quantitative finance team showed sizable net inflows into core ETFs tracking the three major indexes on July 13. The CSI 300 ETF saw inflows of 8.493 billion yuan, the CSI 500 ETF recorded inflows of 7.352 billion yuan, and the CSI 1000 ETF increased by 11.923 billion yuan. The data was cited as possibly indicating that large funds认可 the current price level.