STOCKS | South Korean KOSPI Index Nears 8,000 Points Amid Semiconductor-Led Earnings Revaluation

On May 11, the South Korean KOSPI index approached the 8,000-point mark, just three days after surpassing 7,000 points. According to Jin10, major domestic brokerage firms, including Meritz Securities, IBK Investment Securities, and Hanwha Investment Securities, have indicated that stock prices have yet to align with earnings growth. As reported by Yonhap News Agency on May 11, research heads from these companies expect the semiconductor-led earnings revaluation to continue temporarily. They also anticipate that the upward trend in chip stocks will persist at least through June and July, despite considering domestic and international political events. However, some researchers caution investors about a potential market correction after August, noting that the pressure for profit-taking is increasing following significant short-term market gains.