KOSPI, which has been suppressed, rose nearly

[Market in the market] Strong rebound of the KOSPI, which has been suppressed, rose nearly 90pt in two trading days, crossing the 2,480 mark [FICC Research Department Strategy/Market: Lee Kyung-min]

- The KOSPI rose +1.87% to 2,487.48pt as of 14:30 p.m
Foreigners Turn Net Purchases During Institutions, Leading KOSPI's Strength
Foreigners' net purchase of KRW 189.6 billion / institutional net purchase of KRW 126.1 billion / individual net sale of KRW -4003 billion.

- The U.S. ISM manufacturing index topped expectations at 49.3 on Friday. In particular, the new order index has expanded for two consecutive months to 52.5. The U.S. manufacturing index is highly correlated with the export economy, raising expectations for a KOSPI turnaround along with solid December export performance. The improvement in the ISM manufacturing index for the second consecutive month has been a boon to the KOSPI since Dec. 3, when foreign net purchases flowed in just before martial law broke out in December

Rising expectations for tech stocks ahead of this week's CES2025 fair are also strong factors. Ahead of Nvidia's keynote speech on the night of the 6th (local time), U.S. semiconductor technology stocks led by Nvidia, followed by a rise in AI semiconductor value chains such as SK Hynix

Amid concentration of net foreign purchases in the electric and electronics sectors, rebounding in semiconductor and secondary battery sectors that have been weak, driving KOSPI, KOSDAQ's overall index higher

The main U.S. stock index rebounded in six trading days, but failed to rally at the beginning of the year as it fell weekly. Revenues for profit-taking sales on recognition of high points. Since then, iShares' MSCI Korea ETF has been up 3.4% on Friday, drawing attention to the domestic stock market, which had been undervalued

- Asia stocks mixed
China's Shanghai Composite Index (-0.32 percent) and Hong Kong's Hang Seng Index (-0.40 percent) were weak. The Caixin Service Index was strong at 52.2, but weakened as the consumer goods sector fell.
Japan's Nikkei Index (-1.37 percent) weakened. Toyota and others fell due to Japan Steel's ban on acquiring U.S. Steel.
The Taiwan Composite Stock Price Index (+0.33%) rose on the back of a rise in U.S. semiconductor technology stocks.

- The won/dollar exchange rate rose 0.7 won to 1470.4 won from the previous night's closing price
In early trading, the yen rose to the KRW 1,474 level on weak yen and yuan, but the won's weakness narrowed amid foreign buying and solid foreign exchange reserves of the Bank of Korea

- By industry, medical and precision devices (+8.16%), electric and electronics (+3.90%), and IT services (+2.46%) are strong.
Communications (-1.55%), Food, Food, and Tobacco (-0.76%) Weakness

Strong semiconductor industry. Strong AI semiconductors and technology stocks are expected in the U.S. market ahead of CES and Microsoft announced its plan to invest about 80 billion U.S. dollars in AI data centers in 2025. SK Hynix (+8.96 percent), Hanmi Semiconductor (+7.07 percent), and Samsung Electronics (+2.94%), which plan to introduce 5th generation HBM samples through CES, are all strong

Strong secondary battery sector. U.S. Tesla stock rebound and Rivian, whose Q4 deliveries topped consensus, also surged. Following the previous trading day, secondary battery material stocks such as L&F (+6.74%), Eco-promotion (+5.14%) and Enchem (+6.51%) were strong

The cosmetics industry is strong. Domestic cosmetics exports in 2024 rose 20.6% year-on-year to $10.2 billion, exceeding $10 billion for the first time in history. In the U.S. and Japan, it overtook France, the No. 1 cosmetics importer, AmorePacific (+7.22%) and Tony Moly (+4.25%) showed strong performance, and the Witch Factory (+21.42%) surged after news of the acquisition of private equity funds

- KOSDAQ 718.46pt, +1.80% higher.
Major industries such as secondary batteries and semiconductors drive index gains
By industry, finance (+3.53%) and machinery and equipment (+3.36%) were strong, while entertainment and culture (-0.84%) and construction (-0.57%) were weak.

[Daishin Securities Investment Strategy / Marketplace Telegram Channel]