<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/South-Korea.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/South-Korea.png"/></p>
<p>韓國綜合股指在近期反彈中因過熱擔憂而回落，現報 7,250 韓元，較年初至今高點 8,038 韓元下跌 10%。儘管如此，今年以來仍上漲超過 72%，過去 12 個月上漲 178%。那麼，這是否意味着韓國綜合股指的反彈結束了？</p>
<h2>韓國股市因過熱擔憂而回落</h2>
<p>在過去幾天，韓國綜合股指從本月年初至今高點 8,038 韓元回落至當前的 7,250 韓元。</p>
<p>這一回落與反彈導致的過熱擔憂上升相吻合。一個明顯的例子是，一些外國投資者繼續拋售他們的股票。上週，他們拋售了超過 132 億美元的股票，導致市場波動性創下新高。</p>
<p>有跡象表明，一些韓國投資者也開始拋售他們的股票。此外，這些投資者自去年以來已經看到他們的財富呈指數增長。</p>
<p>一些熱門股票在過去幾天也出現回落。三星電子的股價從年初至今高點 299,000 韓元下跌至 277,500 韓元。SK 海力士的股價從年初至今高點 200 萬韓元下跌至 179 萬韓元。</p>
<p>儘管如此，分析師認為韓國綜合股指仍然不夠昂貴。例如，該指數的市盈率約為 27，略高於標準普爾 500 指數的 23。此外，該指數的估值低於納斯達克 100 指數的 35 倍。</p>
<p>該指數的一個潛在催化劑是本週三即將公佈的 NVIDIA 財報。強勁的業績可能會推動半導體股票上漲，從而惠及三星和 SK 海力士。</p>
<h2>韓國債券收益率飆升</h2>
<p>與此同時，過去幾個月韓國債券遭遇拋售的擔憂加劇。數據顯示，十年期收益率從年初至今低點 3.27% 飆升至 4.30%。同樣，數據顯示五年期收益率已上升至 4.06%。</p>
<p>在持續的伊朗戰爭背景下，債券收益率持續上升，這推動了韓國的通貨膨脹。最新數據顯示，今年四月韓國通貨膨脹率已上升至 2.6%，能源成本仍然高企。</p>
<p>韓國公司受到收益率上升的影響，因為這增加了它們借款時的支付金額。</p>
<p>與此同時，過去幾天，韓元持續貶值。美元/韓元匯率上升至 1,505，為今年 4 月 7 日以來的最高水平。與上個月的最低點相比，已上漲 4.63%。</p>
<h2>韓國綜合股指技術分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index-1.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-1.png"/></p>
<p><em>韓國綜合股指圖表 | 來源：</em> <em>TradingView</em></p>
<p>日線圖顯示，韓國綜合股指在過去幾天有所回落。從年初至今高點 8,048 韓元下跌至當前的 7,225 韓元。這一回落髮生在形成一個小的雙頂形態時，這是一個常見的看跌反轉信號。</p>
<p>百分比價格振盪器的兩條線形成了看跌交叉，並指向下方。此外，相對強弱指數（RSI）已從極度超買的 84 降至當前的 56。</p>
<p>因此，指數可能會繼續下跌，賣方將目標鎖定在 6,354 韓元的關鍵支撐位。若突破年初至今高點 8,048 韓元，將會使看跌前景失效。</p>
<p>本文標題為《韓國綜合股指下滑，韓國債券收益率飆升：是否買入抄底？》，首次發佈於 Invezz。</p>

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<p>韓國綜合指數已回落至 7,250 韓元，比年初至今的高點 8,038 韓元下跌了 10%，原因是市場對過熱的擔憂。儘管出現回調，該指數今年仍上漲超過 72%。韓國債券收益率上升，目前為 4.30%，而通脹率為 2.6%，這些因素正在影響市場動態。分析師表示，與美國指數相比，該指數仍相對便宜，潛在收益取決於即將公佈的英偉達財報</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/South-Korea.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/South-Korea.png"/></p>
<p>The Kospi Index retreated into a correction as the recent rally takes a breather amid overheating concerns. It retreated to KRW 7,250, down by 10% from the year-to-date high of KRW 8,038. It remains up by over 72% this year and 178% in the last 12 months. So, is this the end of the Kospi Composite Index rally?</p>
<div class="lb-trans"><p>韓國綜合股指在近期反彈中因過熱擔憂而回落，現報 7,250 韓元，較年初至今高點 8,038 韓元下跌 10%。儘管如此，今年以來仍上漲超過 72%，過去 12 個月上漲 178%。那麼，這是否意味着韓國綜合股指的反彈結束了？</p>
</div><h2>South Korean stocks retreat amid overheating concerns</h2>
<div class="lb-trans"><h2>韓國股市因過熱擔憂而回落</h2>
</div><p>The Kospi Index has pulled back in the past few days, moving from the year-to-date high of KRW 8,038 earlier this month to the current KRW 7,250.</p>
<div class="lb-trans"><p>在過去幾天，韓國綜合股指從本月年初至今高點 8,038 韓元回落至當前的 7,250 韓元。</p>
</div><p>This retreat has coincided with the rising concerns that the rally has led to overheating concerns. A good example of this is the fact that some foreign investors have continued selling their shares. They dumped over $13.2 billion in shares last week, fueling market volatility to a record high.</p>
<div class="lb-trans"><p>這一回落與反彈導致的過熱擔憂上升相吻合。一個明顯的例子是，一些外國投資者繼續拋售他們的股票。上週，他們拋售了超過 132 億美元的股票，導致市場波動性創下新高。</p>
</div><p>There are signs that some South Korean investors have also started selling their shares. Besides, these investors have already seen their wealth grow exponentially since last year.</p>
<div class="lb-trans"><p>有跡象表明，一些韓國投資者也開始拋售他們的股票。此外，這些投資者自去年以來已經看到他們的財富呈指數增長。</p>
</div><p>Some of the hottest stocks have pulled back in the past few days. Samsung Electronics dropped to KRW 277,500 from the year-to-date high of 299,000. SK Hynix shares have tumbled to KRW 1.79 million from the year-to-date high of KRW 2 million.</p>
<div class="lb-trans"><p>一些熱門股票在過去幾天也出現回落。三星電子的股價從年初至今高點 299,000 韓元下跌至 277,500 韓元。SK 海力士的股價從年初至今高點 200 萬韓元下跌至 179 萬韓元。</p>
</div><p>Still, analysts believe that the Kospi Index is still not expensive enough. For example, the index has a PE ratio of about 27, a few points above the S&amp;P 500 Index’s 23. Also, the index is cheaper than the Nasdaq 100 Index, which has a multiple of 35.</p>
<div class="lb-trans"><p>儘管如此，分析師認為韓國綜合股指仍然不夠昂貴。例如，該指數的市盈率約為 27，略高於標準普爾 500 指數的 23。此外，該指數的估值低於納斯達克 100 指數的 35 倍。</p>
</div><p>A potential catalyst for the index is the upcoming NVIDIA earnings that comes out on Wednesday this week. Strong numbers may point to more gains in semiconductor stocks that may benefit Samsung and SK Hynix.</p>
<div class="lb-trans"><p>該指數的一個潛在催化劑是本週三即將公佈的 NVIDIA 財報。強勁的業績可能會推動半導體股票上漲，從而惠及三星和 SK 海力士。</p>
</div><h2>South Korean bond yields have jumped</h2>
<div class="lb-trans"><h2>韓國債券收益率飆升</h2>
</div><p>Meanwhile, there are concerns that the South Korean bonds have dumped in the past few months. Data shows that the ten-year yield jumped to 4.30% from the year-to-date low of 3.27%. Similarly, data shows that the five-year yield has jumped to 4.06%.</p>
<div class="lb-trans"><p>與此同時，過去幾個月韓國債券遭遇拋售的擔憂加劇。數據顯示，十年期收益率從年初至今低點 3.27% 飆升至 4.30%。同樣，數據顯示五年期收益率已上升至 4.06%。</p>
</div><p>Rising bond yields have continued amid the ongoing Iran war, which has pushed South Korean inflation higher. Recent data shows that the South Korean inflation has jumped to 2.6% in April this year as energy costs remain elevated.</p>
<div class="lb-trans"><p>在持續的伊朗戰爭背景下，債券收益率持續上升，這推動了韓國的通貨膨脹。最新數據顯示，今年四月韓國通貨膨脹率已上升至 2.6%，能源成本仍然高企。</p>
</div><p>South Korean companies are affected by the rising yields because it boosts the amount they pay when borrowing.</p>
<div class="lb-trans"><p>韓國公司受到收益率上升的影響，因為這增加了它們借款時的支付金額。</p>
</div><p>At the same time, the South Korean won has continued falling in the past few days. The USD/KRW pair rose to 1,505, its highest level since April 7 this year. It has jumped by 4.63% from its lowest point last month.</p>
<div class="lb-trans"><p>與此同時，過去幾天，韓元持續貶值。美元/韓元匯率上升至 1,505，為今年 4 月 7 日以來的最高水平。與上個月的最低點相比，已上漲 4.63%。</p>
</div><h2>Kospi Index technical analysis</h2>
<div class="lb-trans"><h2>韓國綜合股指技術分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index-1.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Kospi-Index-1.png"/></p>
<p><em>Kospi Index chart | Source:</em> <em>TradingView</em></p>
<div class="lb-trans"><p><em>韓國綜合股指圖表 | 來源：</em> <em>TradingView</em></p>
</div><p>The daily chart shows that the Kospi Composite Index has pulled back in the past few days. It has slumped from the year-to-date high of KRW 8,048 to the current 7,225. This retreat happened as it formed a small double-top pattern, a common bearish reversal sign.</p>
<div class="lb-trans"><p>日線圖顯示，韓國綜合股指在過去幾天有所回落。從年初至今高點 8,048 韓元下跌至當前的 7,225 韓元。這一回落髮生在形成一個小的雙頂形態時，這是一個常見的看跌反轉信號。</p>
</div><p>The two lines of the Percentage Price Oscillator have formed a bearish crossover and are pointing downwards. Also, the Relative Strength Index (RSI) has moved from the extreme overbought level of 84 to the current 56.</p>
<div class="lb-trans"><p>百分比價格振盪器的兩條線形成了看跌交叉，並指向下方。此外，相對強弱指數（RSI）已從極度超買的 84 降至當前的 56。</p>
</div><p>Therefore, the index may continue falling as sellers target the key support level at KRW 6,354. A move above the YTD high of 8,048 will invalidate the bearish outlook.</p>
<div class="lb-trans"><p>因此，指數可能會繼續下跌，賣方將目標鎖定在 6,354 韓元的關鍵支撐位。若突破年初至今高點 8,048 韓元，將會使看跌前景失效。</p>
</div><p>The post Kospi Index slips as South Korean bond yields jump: buy the dip? appeared first on Invezz</p>
<div class="lb-trans"><p>本文標題為《韓國綜合股指下滑，韓國債券收益率飆升：是否買入抄底？》，首次發佈於 Invezz。</p>
</div>

Kospi Index slips as South Korean bond yields jump: buy the dip?

- 科斯達克指數回落至 7,250 韓元，較年初高點下跌 10%。  
- 外資持續拋售超 132 億美元，市場波動性攀升。  
- 韓國債券收益率上升至 4.30%，推高企業借款成本。

韓國綜合股價指數下滑，韓國債券收益率飆升：是否應該趁低買入？