“If it settles at 5,700, then 8,200; if it goes further, 9,300”... to panicked retail investors, “the worst is over”

Brokerages said the recent KOSPI selloff has pushed valuations well below fair value.

They attributed the drop more to weak sentiment, money leaving semiconductors, and leveraged ETF unwinding than to deteriorating earnings.

If the index reclaims the 5,700–5,800 range, analysts see room for a rebound toward 8,200 and even 9,300.

The next big test is early next month, when Big Tech earnings and AI investment plans come into focus.

DB Securities marked 5,300–5,700 as a support zone, while Daishin Securities suggested staggered buying of index products after August.