KOSPI fell 5.35% on July 9 and the index closed the week barely defending the critical 8,000 line, with analysts warning that early-week selling could break it and set the short-term direction. Korea's index is dominated by Samsung and SK Hynix, and both took heavy hits as the global HBM/semiconductor complex sold off (SOX near -20%, TSMC capex shock). KODEX 200 is in a steep month-long downtrend (~138K→109K). Community is already bearish (1 up, 5 down), but the structural chip-sector bear market and a fragile support test argue for continuation rather than a bounce. Down.