The KOSPI is at 8,000 but excluding semiconductors, 4,100 points
Huh Jae-hwan, an analyst at Eugene Investment & Securities, 1 said the KOSPI excluding semiconductors on 4,100–4,200 was estimated to be. The market capitalizations of Samsung Electronics, Micron and SK hynix, the memory 3 companies, all exceeded 1 trillion dollars.
![KOSPI 8,000 but excluding semiconductors, 4,100 points]/blog-images/gen-78dd0d5f-d3fb-42d3-a661-0aa3b019a79b.avif)
Among individual investors, complaints continue that “the KOSPI is at 8,000 but the stocks I hold have not risen.” Some point to a gap between the index level and how individual stocks feel to investors. This perception has recurred in investor surveys and market reactions.
Huh Jae-hwan, an analyst at Eugene Investment & Securities, 1 said in a report on 4,100–4,200 that the KOSPI excluding semiconductors was estimated to be. He wrote in the report that this figure better describes the current market. The analyst also presented the context and supporting grounds for the report.
The report 2025 said that since then, the share-price weakness of companies outside the semiconductor sector has worsened further this year. The statement points to a widening performance gap between sectors. The report presented relevant data as supporting evidence.
The report said memory 3companies' market capitalizations all 1exceeded a trillion dollars. Citing this, the report said the market-capitalization share of the semiconductor industry had increased. The researcher explained this based on those figures.
The report said that the share prices of memory chipmakers 4had surged since the month. The report presented data showing this upward trend. The trend is confirmed by several indicators in the report.
According to the report, the 12months' estimated earnings-based price-to-earnings ratio (PER, how many times the share price is earnings) was still 6∼10times, the report said. Citing this figure, the report assessed the semiconductor industry itself as highly attractive for investment. The researcher presented this assessment in the report.
Sources: 파이낸셜뉴스 증권
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.