KOSPI Holds Up Amid Semiconductor Crash…Robot Stocks Strong

On this day, the KOSPI fell 0.85% to 2,627 points, with 621 declining stocks and 253 rising stocks.

Kwak Sang-jun explained, "It's notable that despite Samsung Electronics and Hynix falling significantly in the US market yesterday, they didn't fall as much, perhaps because they had already dropped considerably."

Kwak Sang-jun stated, "Life Asset Management sent a shareholder letter to Samsung Electronics, asking them to buy back shares, specifically preferred shares first."

Kwak Sang-jun said, "News that the growth rate of secondary batteries in China has slowed down had a significant positive impact on South Korean secondary battery stocks, which was reflected in the market."

Some stocks hit their daily limit, and Haizen R&M surged by over 20%.

Goldman Sachs' forecast of 6.5 million robot shipments by 2035 and OpenAI's comments on humanoids are analyzed to have influenced the market.

The sharp increase of 0.07 percentage points in a single day is drawing attention.

Kwak Sang-jun said, "Interest rates are rising again, reaching 4.6% for the 10-year. It's 4.59999, up 0.07% in a day," urging caution for borrowers.

The won-dollar exchange rate rose 15 won from the previous day to 1,359 won, standing at around 880 won against the yen and 1,570 won against the euro.

Kwak Sang-jun explained, "The most distinctive part is that the won is weak despite rising interest rates. Today, in the Korean financial market, the exchange rate rose by as much as 15 won from the previous day, resulting in a weak exchange rate of 1,359 won."

Reports that the Korean government would acquire a 15% stake in Westinghouse continued, leading to a rise in construction-related stocks. In particular, companies investing in Small Modular Reactors (SMRs), such as DL E&C and GS Engineering & Construction, showed strength.

Kwak Sang-jun expressed anticipation for related issues, saying, "News that the Korean government will acquire a 15% stake in Westinghouse continues to come out. I mentioned this before. Seeing a second report makes it seem like it will really happen."

Foreign investors continued their large-scale selling for two consecutive days, with sales of approximately 3 trillion won yesterday and 2 trillion won today. In this situation, individual investors net purchased 830 billion won, defending supply and demand, with a particular focus on SK Hynix.

Kwak Sang-jun analyzed the market's supply and demand situation, saying, "Looking at the supply and demand, foreigners sold almost 3 trillion won yesterday, and nearly 2 trillion won today."

Despite this situation, related stocks like Doosan Enerbility showed a flat trend due to prior anticipation.

The host reported on the current situation, saying, "Gas turbines are in short supply. It can be seen that all sales are already completed until 2030."

The host urged individual investors to approach trading cautiously, stating that frequent trading is statistically linked to lower returns.

The host mentioned, "Looking at the trading volume in the after-market by time, it seems that trading is most active after going home and eating dinner, rather than right after work or after the market closes."

This measure aims to prevent distortion of management premium for major shareholders, and amendments to the Enforcement Decree of the Capital Markets Act and the Regulations on Issuance and Disclosure of Securities are planned.

This legislative予告 will take place from September 16 to October 6, and the influence of major shareholders is expected to decrease when merging undervalued companies.

The host explained, "In the future, when a listed corporation merges, the merger price will be determined not by the stock price, that is, the market price, but by the fair value."

Deputy Prime Minister nominee Lee Hyung-il agreed with the Bank of Korea's interest rate hike stance and emphasized the policy mix between monetary and fiscal policies. He stated that proactive and appropriate management is necessary as enormous liquidity from the semiconductor boom flows into the country through the current account.

While agreeing with the interest rate hike stance, nominee Lee also stated that selective measures to ease financial accessibility for real demanders should be considered.

If Apple's foldable phone becomes a market success, Samsung Display is expected to gain significant spillover benefits.

Despite favorable shipbuilding market conditions, signs of labor disputes due to labor-management conflict are spreading. Hanwha Ocean is showing signs of an all-out strike, and HD Hyundai Heavy Industries and Samsung Heavy Industries are also experiencing intensifying conflicts over profit distribution.

Concerns are being raised that these strikes could lead to disruptions in ship production.

The possibility of a Chinese travel boom to South Korea is increasing. In the past, Chinese tourists visiting Japan outnumbered those visiting South Korea by 1.6 times, but news suggests this trend has recently reversed.

Currently, Chinese tourists visiting South Korea number approximately 800,000, about 1.8 times the number visiting Japan.