Smack executives buy shares on the market amid a surge in semiconductor and equipment stocks

6Month 3and 4day, semiconductor-related news continued. Equipment stocks showed strength in trading, with Eugene Technology and Wonik IPS approaching the daily upper limit. The strength in trading has been confirmed in multiple reports.

During the same period, individual investors concentrated their purchases on semiconductor-related assets. Credit balances for semiconductor products were reported to have surged. Some reports described this as a “debt-financed investment FOMO” phenomenon.

Brokerages expressed views favoring increased allocations to semiconductors and IT. Korea Investment & Securities said the KOSPI would reach 6month KOSPI 9500level. A separate report suggested that the KOSPI could also reach 1million 1000.

SMEC 6month 4day, the chairman and CEO disclosed that they had purchased the company’s own shares on the market. The company said it aims to accelerate growth based on semiconductors and robotics. The disclosure reported that management had made on-market purchases.

SK Siltron’s 1-tier partner, a semiconductor materials and equipment company, has reportedly been put up for sale in an M&A deal. Reports said discussions related to the sale were under way. Specific sale terms and potential buyers differed among reports.

As multiple reports and disclosures emerged at the same time, market attention focused on the semiconductor sector. Some securities firms issued reports betting on a semiconductor supercycle. Reports said that trading activity, including investor buying, had increased over a short period.