"The stock market is experiencing a strong rally centered on semiconductors. It appears that concerns over AI (artificial intelligence) demand have eased, while expectations for AGI (Artificial General Intelligence) are stimulating investor sentiment. Although the possibility of a base rate hike in the U.S. has been raised, supply and demand for semiconductor stocks remain steady."
"As of 10:50 a.m. on the 7th, top semiconductor stock SK Hynix was trading at 1.739 million won, up 92,000 won (5.59%) from the previous trading day. SK Hynix showed strength for the second consecutive day, and intraday prices surpassed the 1.73 million won mark for the first time since the 27th on a closing price basis."
"Another top semiconductor stock and KOSPI leader Samsung Electronics was also showing gains at this time, up 3.91% (10,000 won) from the previous trading day to 265,000 won."
"Sectors including semiconductors and semiconductor equipment, which contain these stocks, were reported to have risen an average of 4.51% compared to the previous trading day. Within the sector, KOSPI-listed TL Engineering (14.03%) and KOSDAQ small- and mid-cap stocks such as JI Tech (12.55%) and Doosan Tesna (12.38%) were up in double digits at this time."
"Following that, PSK Holdings rose 9.65% from the previous trading day, while TSE rose 9.30%, I&C rose 8.43%, Microcon Tech rose 8.24%, Zeus rose 8.02%, and SFA Semiconductor rose 7.13%, all showing strong performance."
"As semiconductor stocks performed well, the KOSPI, which has a high weighting of these stocks, jumped approximately 3% compared to the previous trading day. In particular, net buying by foreign investors and institutional investors was clear in the KOSPI. Foreign investors were net purchasing 1.3126 trillion won worth of KOSPI stocks at this time, while institutional investors were net purchasing 1.3591 trillion won worth. Among institutional investors, financial investment firms and pension funds were accumulating stocks, and net buying by venture capital firms (VCs) including private equity funds was also observed. It appears that swap volumes through ETFs (exchange-traded funds) or PRS (prime brokerage services) have also flowed in."
"The strong performance of semiconductor stocks reflects the situation in the New York stock market on the 4th (local time). Even amid speculation that the Federal Reserve System might raise base rates to curb inflation, semiconductor stocks such as SanDisk (11.90%), SK Hynix ADR (8.14%), and Micron (6.10%) rose in the New York market."
"Regarding the domestic stock market, experts are offering positive forecasts, noting that the won-dollar exchange rate has stabilized and expectations for semiconductor demand remain strong. In particular, NVIDIA CEO Jensen Huang highly evaluated OpenAI's latest model 'GPT-6 Astra,' stating that AGI has arrived and that 400,000 GPUs will be in operation, further stimulating investor sentiment."
"Son In-jun, a researcher at Eugene Investment & Securities, said, 'OpenAI's GPT-6 Astra, released on September 3, is judged to be the fourth milestone in AI development following "ChatGPT → GPT-o1 → Cloud Code." As revenue growth and investment expansion coincide, it is expected to boost confidence in the sustainability of AI CapEx (capital expenditure) and raise long-term growth expectations for HBM, server DRAM, and eSSD demand. Therefore, we maintain a Strong Buy opinion on Samsung Nikkei.'"
"Kim Ju-yeon, a researcher at Mirae Asset Securities, said, 'Despite the strong dollar over the weekend, the won-dollar exchange rate continued to fall, even dipping below 1,340 won at the market open.' He added, 'Net buying by foreign investors and institutional investors has continued for three days, and the KOSPI is weighing a recovery to 6,900.'"
in STOCK
