OXT 24-hour volatility reaches 54.5%: No clear 24h event drivers detected

Excluding the influence of giants like Samsung and SK Hynix, the overall KOSPI is trading at just 8.4 times forward earnings, placing it in the 11th historical percentile. With stock buybacks by Samsung and SK Hynix having recently concluded, net sales by foreign investors, and weak demand from domestic institutions, Korean stocks are losing sources of buying exactly when the market most needs support. JPMorgan pointed out that although holdings of leveraged ETFs have faced large-scale sell-offs, they still remain high, and the possibility of another round of sell-offs cannot be ruled out.

CoreWeave bond yields once surged to 15%, with junk-grade and investment-grade yields reaching their highest levels since 2025 and 2023, respectively. According to a Bloomberg column, as the 2028 high-yield debt maturity peak approaches, a disorderly widening of credit spreads could trigger a wave of defaults and rising unemployment. The Federal Reserve should stay put at its October meeting, maintaining the interest rate range at 3.75% to 4%, and prudently weigh its decision for December.