KOSPI 2decline, while semiconductor equipment and materials stocks gain strength
6Month 4day, the KOSPI fell amid Broadcom's disappointing results and tensions in the Middle East, 2more than % . On the same day, semiconductor equipment and materials stocks, including Eugene Technology and Wonik IPS, rose sharply, while Smec's chairman and CEO made open-market purchases. Korea Investment & Securities suggested the possibility of the KOSPI reaching 1only1000 based on the semiconductor supercycle.
6Month 4day, the KOSPI 2fell by more than %. Disappointment over Broadcom's results and tensions in the Middle East were cited as the reasons for the decline. The index showed a flow sensitive to global supply-and-demand changes that day.
Semiconductor equipment and materials stocks showed strength on the same day. Eugene Technology and Wonik IPS moved close to the daily upper limit, while several equipment stocks rose sharply. The rise in equipment stocks reflected individual supply-and-demand conditions and expectations for the industry.
Smec's chairman and CEO made open-market purchases. The company said it would accelerate growth based on semiconductors and robots. Open-market purchases refer to company management buying shares.
SK Siltron's 1semiconductor materials and equipment company known as a second-tier partner has emerged as an M&A target. The seller and terms have not yet been disclosed. After the news became known, related stock prices changed.
Korea Investment & Securities said it was betting on a semiconductor supercycle and presented the possibility of the KOSPI 1only1000. In its report, the brokerage cited the strength of semiconductor-related sectors as the basis. The report presented sector-specific strategies for investors.
Meanwhile, a column cautioning against excessive concentration in semiconductors was published. The column addressed sector concentration and risk management. The market showed mixed trading between technology and defensive stocks that day.