KOSPI Struggles Near 6000 Points Amid 'Box Trading' Fears on July 21

According to E Daily, South Korea's KOSPI index remained mired near the 6000-point level on July 21, intensifying concerns over 'box trading' (range-bound consolidation). Securities analysts now expect the index to face prolonged difficulty in recovering to previous highs in the near term, contrary to earlier market expectations for a 10000-point breakthrough this year. Even if the index rebounds in the short term, profit-taking selling pressure is likely to keep it confined within its trading range.
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