"KOSPI Surpasses 3000 Again, V-Shaped Rebound Unlikely..."

[Asia Economy Reporter Junho Hwang] The KOSPI has successfully surpassed the 3000-point mark once again. This is analyzed as a result of renewed preference for risk assets following confirmation of short-term peaks in interest rates, exchange rates, and commodity prices, which had previously burdened the market. However, rather than marking the start of a broad upward trend, it is expected that an individual stock market phase will continue.

Samsung Securities forecasted on the 15th that the stock market will experience a stock-specific phase around the 3000-point level, as there is no further upside potential in the top market capitalization sectors. Researcher Shin Seungjin analyzed, "With interest rates and exchange rates, which had been burdens on our market, stabilizing, and with the US debt ceiling increase and a slowdown in China's economic deceleration signals, short-term market pressures have eased."

Despite various negative factors, the market appears to have found a bottom and risen again, but it is difficult to view this as the start of a V-shaped rebound. Researcher Shin noted that the earnings uncertainties of semiconductor, bio, and platform sectors, which make up the top market capitalization sectors, have not been completely resolved.

Accordingly, a stock-specific market phase is expected in the short term. It is necessary to build a portfolio centered on sectors that can benefit from global eco-friendly policies, sectors that will see improved profits in the 'With Corona' phase reopening beneficiaries, and sectors that can hedge against inflation.

Next week, the 2050 Carbon Neutrality Committee plenary meeting will be held in South Korea, and at the end of this month, the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties will take place in the UK. At the UNFCCC conference, global countries' greenhouse gas emission reduction plans to achieve carbon neutrality will be announced. Samsung Securities identified Samsung SDI, Kia, Hanwha Solutions, Kolon Industries, and Lotte Fine Chemical as stocks likely to benefit from this.

Regarding With Corona, attention should be paid to companies in sectors such as movies, music, and performances that were heavily impacted by social distancing. Media and content companies expected to benefit from the next month's Disney Plus launch in Korea and the success of Netflix, which has raised the profile of K-content, require steady interest. CJ ENM and Jcontentree were cited as beneficiary companies.

Researcher Shin expressed expectations for inflation-response sectors, stating, "Steel and trading sectors that can pass on rising raw material costs to product prices, and banking sectors that can expand profits in a rising interest rate environment, will be representative beneficiary sectors."

This content was produced with the assistance of AI translation services.