KOSPI rose around 2 percent on strong inflows of funds from foreigners and insti

- KOSPI rose around 2 percent on strong inflows of funds from foreigners and institutions. Attempted to break the 2,750-point level. Relief inflows in that the FOMC in March did not bring much ripple effect to the extent that the results of the March FOMC did not make much of a splash, but ultimately the outlook for a rate cut was maintained despite strong economic expectations. On top of that, the semiconductor run increased upward pressure on the KOSPI amid strong Micron performance and expectations for the HBM market. It rose to 2,755p during the session, but today the upper end is blocked at the 2,750-point level. The 2,750-point level is 1 times the PBR based on the previous TTM BPS of 2,745

- Asian stocks are generally strong except for the Shanghai Composite Index (-0.2%), especially the Nikkei and Hang Seng indexes, up about 2% each

- KRW/USD exchange rate lowers interest rate/USD amid easing uncertainties over monetary policy events

- By industry, electric and electronic (+3.2%) is strong, led by Samsung Electronics (+2.73%) and SK Hynix (+8.56%) amid strong performance of Micron and strong expectations in the HBM market. Low PBR industries are also recording strong records, while the financial industry is up 3.11%. In particular, financial holding companies such as KB Financial (+2.85%) and Shinhan Holdings (+4.1%). Next, transportation equipment (+2.37%) is strong, led by Hyundai Motor (+4.36%). Distribution industry also rose 1.99%. All industries are recording gains, but food and beverage (+0.1%) and textile and clothing (+0.69%) have relatively limited gains

- KOSPI also rose 1.3% on foreign and institutional funds inflows, surpassing the 900-point mark. By industry, communication equipment (+4.19%) strengthened thanks to the surge in KMW (+16.9%). Constraints rose 3.2% on the surge in HLB group stocks. Like KOSPI, semiconductor value chain companies are on the rise

[Investment strategy of Daishin Securities / Telegram channel]