Daily Market Report - July 31, 2026

Report Generated: July 31, 2026, 04:05 PM
Prepared by: Sangyong’s Market Intelligence US Market: After Hours Korean Market: Closed

EXECUTIVE SUMMARY

Market Character: Strong Global Rally

US markets gained on Friday, 2026-07-31, with the Nasdaq leading at +1.0%. Meanwhile, Korean markets continued recovery.

Today at a Glance

⚠️ Note: US markets are in after-hours (closed at 4PM ET). Data shown is from today’s session.

⚠️ Note: Korean markets are closed today. Data shown is from last trading day.

Daily Performance:

• 🇺🇸 S&P 500: +0.7%
• 🇺🇸 Dow Jones: +0.53%
• 🇺🇸 Nasdaq: +1.0%
• 🇰🇷 KOSPI: +17.91%
• 🇰🇷 KOSDAQ: +11.63%

Key Themes:

1. US Markets - S&P +0.7%, Nasdaq +1.0%
2. Korean Surge - KOSPI +17.91%, KOSDAQ +11.63%
3. Won Weakens - KRW +1.55%
4. Treasury Yields - 10Y at 4.6700000000%

📊 DAILY STOCK PERFORMANCE

US Magnificent 7

Daily Analysis:

The Magnificent 7 showed mostly positive results with 6 stocks advancing. AMZN led with +15.32% change. AAPL lagged at -7.35%.

📈 MAJOR INDICES - DAILY PERFORMANCE

US Indices

Korean Indices

Analysis:

US markets showed strength with the S&P 500 up +0.7%. Korean markets continued recovery with KOSDAQ gaining +11.63%.

💱 CURRENCY & COMMODITIES

Currency Markets

USD/KRW:

• Rate: ₩1,442
• Change: +₩22.08
• % Change: +1.55% (KRW Weakness)

Analysis: The won weakened sharply by +1.55% (₩1,442/USD) — a large daily move indicating risk-off or dollar-demand pressure. For USD-based investors, Korean equity gains are partially eroded by currency loss. Watch for BOK intervention signals.

US Bond Yields

Korean Stocks

Analysis: All Korean stocks advanced, showing broad-based strength in the market.

🎯 DAY-BY-DAY RECAP

Friday, July 31, 2026: Strong Global Rally

Market Action:

• 🇺🇸 Nasdaq +1.0%, S&P +0.7%, Dow +0.53%
• 🇺🇸 AMZN +15.32%
• 🇰🇷 KOSPI +17.91%, KOSDAQ +11.63%
• 💱 KRW +1.55% (weakness)

🔍 DAILY THEMES & ANALYSIS

Theme 1: Korean Market Movement

The Move: KOSPI +17.91%, KOSDAQ +11.63%

Why It Matters:

• Significant single-day move warrants attention
• Check foreign net buying flow for institutional conviction
• KOSDAQ vs KOSPI divergence signals breadth quality

Implication: Wait for a second-day confirmation before adding Korean exposure.

Theme 2: KRW Currency Move

The Move: KRW weakened +1.55%

Why It Matters:

• Won weakness raises import costs; exporters (Samsung, Hyundai) see a margin tailwind
• A 1.6% daily FX move is meaningful — USD-basis returns differ from index returns
• Monitor for BOK intervention commentary if move continues

Implication: Factor KRW drag into position sizing for USD-based investors.

Theme 3: US Treasury Yields

The Move: 10Y at 4.6700000000%

Why It Matters:

• Above 4.5% is restrictive — compresses growth stock multiples
• Bond market signals matter for equity valuation across both markets
• Fed guidance and inflation data remain the primary rate drivers

Implication: Trim long-duration growth exposure; shift toward value or shorter-duration bonds.

⚠️ RISK FACTORS

1. US Market Stability — Low Immediate Risk

• S&P 500 moved only +0.7% today — contained action
• No signs of broad panic; orderly price discovery
• Maintain normal positioning; no defensive action needed

2. Tech Concentration Risk — Low

• Mag7 mostly holding; no broad tech selloff
• Index support from large-cap tech intact
• Continue monitoring for any leadership reversal

3. Treasury Yield Risk — Moderate (4.67%)

• 10Y at 4.67% — elevated but stable
• Growth stocks face headwinds; value and dividend plays relatively favored
• Any surprise CPI or jobs data could push yields higher

4. Currency Volatility — High (KRW +1.55%)

• Won weakening significantly — a 1.6% daily move is unusual
• KRW weakness raises import costs and squeezes margins for domestic firms
• Currency risk should be hedged or sized down in Korean positions

✅ OPPORTUNITIES

1. Korean Market Momentum — KOSPI +17.91%

Thesis: Strong KOSPI gain signals institutional re-entry; recovery may have legs

Strategy:

• Samsung (005930) and SK Hynix (000660) as primary vehicles
• KOSDAQ +11.63% suggests risk appetite is broad, not just defensive
• KRW moved +1.55% — factor currency risk into position sizing

Risk: Could be short-covering rally; wait for second-day confirmation before adding aggressively

2. Fixed Income — 10Y Treasury at 4.67%

Thesis: Yields at multi-year highs offer equity-competitive returns with lower risk

Strategy:

• Allocate 15-20% of new capital to 10Y Treasuries or TLT
• Lock in yield before any Fed pivot compresses rates
• Ladder maturities: mix 2Y, 5Y, 10Y for flexibility

Risk: Yields could move higher if inflation re-accelerates; floating-rate alternatives hedge this

📅 WEEK AHEAD PREVIEW

Economic Calendar

Key Data Releases:

• Monday: No major data
• Tuesday: Check BEA/BLS calendar
• Wednesday: Check Fed calendar
• Thursday: Jobless Claims
• Friday: Check BLS calendar

Technical Levels to Watch

US Markets:

• S&P 500: Support 7,316 (20d low) / 7,482 (MA20) | Resistance 7,575 (20d high)
• Nasdaq: Support 24,442 (20d low) | Resistance 25,608 (MA20) / 26,281 (20d high)
• Dow: Support 51,594 (20d low) / 52,387 (MA20) | Resistance 53,055 (20d high)

🎯 STRATEGIC RECOMMENDATIONS

For Conservative Investors

Today’s Market Context: S&P +0.7%, 10Y Treasury 4.67%

Recommended Action: Participate modestly. S&P +0.7% gain — trim any oversized positions into strength.

Positioning:

• Stay diversified. Do not over-concentrate in today’s leaders (AMZN, GOOGL) after a big up day.
• 10Y at 4.67% — above 4.5%, meaningfully restrictive
• Cash buffer: maintain 10-15% for opportunities

For Growth Investors

Today’s Market Context: Nasdaq +1.0%, Mag7 leaders: AMZN, GOOGL

Recommended Action: S&P +0.7%, Nasdaq +1.0% — no strong conviction. Stay the course.

Positioning:

• No tactical adjustments needed. Monitor for a catalyst-driven breakout.
• Elevated yields compress multiples — size tech positions accordingly
• Stop-loss discipline: set alerts 3-5% below entry on any new positions

For Korean Market Investors

Today’s Market Context: KOSPI +17.91%, KOSDAQ +11.63%, KRW +1.55%

Recommended Action: KOSPI +17.91% gains partially offset by KRW +1.55% weakness for USD investors. Net return is lower than index suggests.

Positioning:

• Hedge KRW exposure or reduce position size by ~30% to account for currency drag.
• Currency note: KRW sharply higher — factor this into USD-basis returns

💡 BOTTOM LINE

What Today Told Us

The Good: ✅ S&P 500 +0.7% positive — bulls holding control ✅ Nasdaq +1.0% positive — tech holding up ✅ Mag7 gainers: AMZN (+15.32%), GOOGL (+6.73%), META (+3.28%) ✅ KOSPI +17.91% — strong Korean recovery underway ✅ KOSDAQ +11.63% — risk appetite strong in Korean small/mid caps

The Bad: ⚠️ 10Y Treasury 4.67% — above comfort zone for growth stocks ⚠️ KRW weakened +1.55% — sharp won depreciation; adds cost pressure on Korean imports

The Opportunity: 💡 Korean recovery: KOSPI +17.91% — Samsung and SK Hynix as primary plays 💡 Fixed income: 10Y at 4.67% — lock in yield before any rate cut compresses it

📞 DISCLAIMER

This report is for informational purposes only and does not constitute investment advice. Market conditions can change rapidly. Past performance does not guarantee future results. Investors should conduct their own due diligence and consult with qualified financial advisors before making investment decisions.

Report Generated: July 31, 2026, 04:05 PM
Data Sources: Yahoo Finance, Alpha Vantage, Investing.com, Naver Finance
Coverage Period: July 31, 2026 (Friday)
US Market Status: After Hours Korean Market Status: Closed

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Report prepared by Sangyong’s Market Intelligence Empowering investors with data-driven insights