<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Asian.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Asian.webp"/></p>
<p>韩国的 Kospi 指数今天（5 月 15 日）暴跌超过 6%，近期的反弹暂时停歇，投资者开始获利了结。本周突破 8,000 的关键阻力位后，指数下跌至 7,585。</p>
<h2>本地和外国投资者正在抛售韩国股票</h2>
<p>周五，Kospi 指数暴跌超过 6%，这是自 3 月以来表现最差的一天，投资者在近期上涨后开始获利了结。</p>
<p>数据显示，外国投资者持续抛售其持股，其中大多数是抛售推动反弹的科技公司。数据显示，科技子指数流出超过 25 亿美元。</p>
<p>ETF.com 汇编的数据表明，iShares MSCI South Korea ETF（EWY）在过去三周内出现资金流出，资产减少超过 12 亿美元。</p>
<p>有迹象表明，本地投资者也在抛售其 Kospi 资产，以在强劲反弹后获利了结。尽管持续回调，但该指数今年已上涨超过 70%。</p>
<p>Kospi 指数的持续回调与其他全球股票的表现一致。在中国，上海指数下跌超过 0.42%，而恒生指数下跌超过 1.53%。</p>
<p>日本的日经 225 指数下跌超过 2%，因为该国的债券收益率持续强劲反弹。在澳大利亚，ASX 200 指数下跌 0.30%。美国股指期货也从历史高点回落。</p>
<p>唯一一个上涨的主要亚洲指数是印度的 Nifty 50，受到了阿达尼公司的推动，在特朗普政府决定结束对阿达尼及其公司的诉讼后，该公司股价大幅上涨。</p>
<p>Kospi 指数今年处于其最长的牛市之一，科技公司引领了这一涨势。三星已经进入了 1 万亿美元俱乐部，而几年前估值不足 1000 亿美元的 SK 海力士正接近这一里程碑。</p>
<p>这些公司受益于持续的人工智能热潮，导致对其芯片的需求高涨，这种需求没有减弱的迹象。该指数还受益于持续的零售参与和促进股市投资的政府政策。</p>
<h2>Kospi 指数面临一些重大风险</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2770" height="1534" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index.png"/></p>
<p><em>Kospi 综合指数图表 | 来源：</em> <em>TradingView</em></p>
<p>尽管如此，分析师警告称，Kospi 指数的持续反弹在长期内并不可持续。首先，它现在已成为全球最昂贵的指数之一，市盈率上升至 30，远高于标准普尔 500 指数的 22。</p>
<p>技术指标也表明，该指数在过去几个月中一直处于极度超买水平。这是该指数多年首次进入极度超买水平。在大多数情况下，超买资产往往会经历剧烈回调。</p>
<p>该指数也处于 Wyckoff 理论的标记阶段，随后是分配和降价。因此，如果该指数在未来几个月内跌至 5,000，我们也不会感到惊讶。</p>
<p>关于 Kospi 指数今天下跌的文章：它可能最终跌至 5k，首次出现在 Invezz 上。</p>

富时韩国 ETF - Franklin Templeton

韩国 MSCI ETF - iShares

<p>韩国 Kospi 指数今天下跌超过 6%，降至 7,585 点，投资者在近期反弹后获利了结。外资主导了此次抛售，尤其是在科技股方面，导致超过 25 亿美元的资金流出。尽管今年上涨了 70%，分析师警告该指数可能无法维持其涨幅，指出高估值和超买状态，并预测在未来几个月可能会跌至 5,000 点</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Asian.webp" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Asian.webp"/></p>
<p>South Korea’s Kospi Index crashed by over 6% today, May 15, as the recent rally took a breather and investors started to book profits. After crossing the key resistance at 8,000 this week, it plunged to 7,585.</p>
<div class="lb-trans"><p>韩国的 Kospi 指数今天（5 月 15 日）暴跌超过 6%，近期的反弹暂时停歇，投资者开始获利了结。本周突破 8,000 的关键阻力位后，指数下跌至 7,585。</p>
</div><h2>Local and foreign investors are selling South Korean stocks</h2>
<div class="lb-trans"><h2>本地和外国投资者正在抛售韩国股票</h2>
</div><p>The Kospi Index tumbled by over 6% on Friday, its worst performance since March as investors started to book profits after its recent surge.</p>
<div class="lb-trans"><p>周五，Kospi 指数暴跌超过 6%，这是自 3 月以来表现最差的一天，投资者在近期上涨后开始获利了结。</p>
</div><p>Data shows that foreign investors have continued selling their holdings, with most of the most dumping the technology companies that fueled the rally. Data shows that the tech subgauge experienced over $2.5 billion in outflows.</p>
<div class="lb-trans"><p>数据显示，外国投资者持续抛售其持股，其中大多数是抛售推动反弹的科技公司。数据显示，科技子指数流出超过 25 亿美元。</p>
</div><p>Data compiled by ETF.com shows that the iShares MSCI South Korea ETF (EWY) has had outflows in the last three consecutive weeks, shedding over $1.2 billion in assets.</p>
<div class="lb-trans"><p>ETF.com 汇编的数据表明，iShares MSCI South Korea ETF（EWY）在过去三周内出现资金流出，资产减少超过 12 亿美元。</p>
</div><p>There are signs that local investors are also selling their Kospi assets as they book profits following the strong rally. Despite the ongoing pullback, the index has jumped by over 70% this year.</p>
<div class="lb-trans"><p>有迹象表明，本地投资者也在抛售其 Kospi 资产，以在强劲反弹后获利了结。尽管持续回调，但该指数今年已上涨超过 70%。</p>
</div><p>The ongoing Kospi Index pullback is also in line with that of other global stocks. In China, the Shanghai Index dropped by over 0.42%, while the Hang Seng Index dropped by over 1.53%.</p>
<div class="lb-trans"><p>Kospi 指数的持续回调与其他全球股票的表现一致。在中国，上海指数下跌超过 0.42%，而恒生指数下跌超过 1.53%。</p>
</div><p>Japan’s Nikkei 225 Index dropped by over 2% as the country's bond yields continued their strong rally. In Australia, the ASX 200 Index dropped by 0.30%. American stock index futures also pulled back from their all-time highs.</p>
<div class="lb-trans"><p>日本的日经 225 指数下跌超过 2%，因为该国的债券收益率持续强劲反弹。在澳大利亚，ASX 200 指数下跌 0.30%。美国股指期货也从历史高点回落。</p>
</div><p>The only major Asian index in the green was India’s Nifty 50, which received a boost from Adani companies <strong>,</strong> which jumped after the Trump administration moved to end lawsuits against Adani and his companies.</p>
<div class="lb-trans"><p>唯一一个上涨的主要亚洲指数是印度的 Nifty 50，受到了阿达尼公司的推动，在特朗普政府决定结束对阿达尼及其公司的诉讼后，该公司股价大幅上涨。</p>
</div><p>The Kospi Index has been in one of its longest bull markets this year, with technology companies leading the charge. Samsung has already entered the $1 trillion club, and SK Hynix, a company that was valued at less than $100 billion a few years ago is approaching that milestone.</p>
<div class="lb-trans"><p>Kospi 指数今年处于其最长的牛市之一，科技公司引领了这一涨势。三星已经进入了 1 万亿美元俱乐部，而几年前估值不足 1000 亿美元的 SK 海力士正接近这一里程碑。</p>
</div><p>These companies have benefited from the ongoing AI boom that has led to high demand for their chips, and this demand is not showing signs of slowing down. The index has also benefited from the ongoing retail participation and government policies that promote stock market investments.</p>
<div class="lb-trans"><p>这些公司受益于持续的人工智能热潮，导致对其芯片的需求高涨，这种需求没有减弱的迹象。该指数还受益于持续的零售参与和促进股市投资的政府政策。</p>
</div><h2>Kospi Index is facing some major risks ahead</h2>
<div class="lb-trans"><h2>Kospi 指数面临一些重大风险</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index.png"/></p>
<p><em>Kospi Composite Index chart | Source:</em> <em>TradingView</em></p>
<div class="lb-trans"><p><em>Kospi 综合指数图表 | 来源：</em> <em>TradingView</em></p>
</div><p>Still, analysts caution that the ongoing Kospi Index rally is not sustainable in the long term. For one, it has now become one to the most expensive global indices, with its price-to-earnings ratio rising to 30, much higher than the S&amp;P 500 Index's 22.</p>
<div class="lb-trans"><p>尽管如此，分析师警告称，Kospi 指数的持续反弹在长期内并不可持续。首先，它现在已成为全球最昂贵的指数之一，市盈率上升至 30，远高于标准普尔 500 指数的 22。</p>
</div><p>Technicals also suggest that the index has remained in the extreme overbought levels in the past few months. It is the first time that the index has moved to extreme overbought levels in years. In most cases, highly overbought assets tend to experience sharp pullbacks.</p>
<div class="lb-trans"><p>技术指标也表明，该指数在过去几个月中一直处于极度超买水平。这是该指数多年首次进入极度超买水平。在大多数情况下，超买资产往往会经历剧烈回调。</p>
</div><p>The index is also in the markup phase of the Wyckoff Theory, which is followed by the distribution and markdown. As such, we would not be surprised if the index tumbled to 5,000 in the coming months.</p>
<div class="lb-trans"><p>该指数也处于 Wyckoff 理论的标记阶段，随后是分配和降价。因此，如果该指数在未来几个月内跌至 5,000，我们也不会感到惊讶。</p>
</div><p>The post Kospi Index is falling today: here’s why it may eventually crash to 5k appeared first on Invezz</p>
<div class="lb-trans"><p>关于 Kospi 指数今天下跌的文章：它可能最终跌至 5k，首次出现在 Invezz 上。</p>
</div>

Kospi 指数今日下跌：以下是其可能最终跌至 5000 点的原因