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Korean Stock Market Weekly (Aug. 24–28, 2026) | New-High & Bullish-MA Stocks, News and 4-Year Charts — KOSPI -1.79%, KOSDAQ +4.55%; K-Beauty and Infrastructure Lead
Korean Stock Market Weekly (Aug. 24–28, 2026) | New-High & Bullish-MA Stocks, News and 4-Year Charts — KOSPI -1.79%, KOSDAQ +4.55%; K-Beauty and Infrastructure Lead
KOSPI fell 1.79% as disappointment over Samsung Electronics' shareholder returns and foreign selling in semiconductor heavyweights weighed on the market. KOSDAQ rebounded 4.55% on rotational buying in biotech, EV batteries and K-beauty. New-high and bullish moving-average signals broadened into K-beauty and export consumer brands, construction, nuclear power, grid equipment, EV batteries and biotech. Friday produced a sharp divergence: large caps weakened while small- and mid-cap themes remained firm.
1. Weekly Market at a Glance
Across the five sessions from Aug. 24 through Aug. 28, the daily new-high and bullish-MA screens logged 82 stock appearances. After removing same-day duplicates, the total was 54 unique stocks. Kumho E&C led with four appearances. Kumho Electric, APR, Samyang Foods, SK Eternix, COSMAX, GS, Kolmar Korea and Hyundai Marine & Fire Insurance each appeared three times. In all, 18 stocks appeared at least twice.
| Index | Previous Close Aug. 21 | Week-End Close Aug. 28 | Weekly Change | Key Pattern |
|---|---|---|---|---|
| KOSPI | 6,912.95 | 6,788.88 | -1.79% | Recovered after Monday's plunge, then corrected again Friday |
| KOSDAQ | 801.94 | 838.41 | +4.55% | Rose on four sessions as growth-stock rotation broadened |
1. KOSPI versus KOSDAQ: KOSPI plunged 3.12% Monday, rebounded for three consecutive sessions from Tuesday through Thursday, then fell 1.79% Friday to slip back below 6,800. KOSDAQ rose 1.42% Monday and 1.70% Tuesday, paused near flat Wednesday, and remained firm Thursday and Friday. Its weekly return beat KOSPI by more than six percentage points.
2. Large Caps and Investor Flows: Disappointment over Samsung Electronics' shareholder-return announcement triggered Monday's index slide. On Tuesday, KOSPI still reversed higher on individual and institutional buying despite more than KRW 3.8 trillion in net foreign selling. Foreign and institutional investors bought together Thursday on Nvidia earnings expectations and strength in semiconductors and power equipment. Foreign investors then sold roughly KRW 1.756 trillion Friday, and Samsung Electronics and SK hynix dragged the index lower.
3. Leading Sectors: APR, COSMAX, Kolmar Korea and Silicon2 appeared repeatedly in K-beauty. Kumho E&C, Hyundai E&C and Daewoo E&C led construction and infrastructure, while Doosan Enerbility, KEPCO E&C and Hyosung Heavy Industries led nuclear and grid equipment. EV-battery flows recovered around Samsung SDI and L&F, and Hanmi Pharm's licensing deal plus expectations for Seegene's diagnostic demand supported rotation into biotech and healthcare.
4. Reading Repeat Appearances: Kumho E&C appeared on four days and rose 12.34% Friday on turnover of KRW 595.6 billion. KEPCO E&C jumped 20.27% and 13.63% on consecutive appearances. By contrast, GS corrected 3.52% Thursday after two rising sessions, while APR expanded its new highs again Friday after Thursday weakness. Repeat counts should always be considered together with direction and turnover on the final signal day.
2. Leading New-High and Bullish-MA Themes
1. K-Beauty, Aesthetic Medicine and Export Platforms
APR, COSMAX and Kolmar Korea each appeared three times, while the new-high screen broadened to Silicon2, Hankook Cosmetics Manufacturing, Genic, Cosmecca Korea and PharmaResearch. APR strengthened earnings expectations after reporting that both second-quarter revenue and operating profit rose 134% year over year, with overseas sales accounting for 92% of revenue. Improving profitability at COSMAX's U.S. unit and expectations for overseas order growth supported COSMAX, while expanding K-beauty exports helped Kolmar Korea. For names such as APR and Silicon2, however, investors should weigh the growth outlook against financing, lock-up expirations and potential dilution from new shares.
2. Construction, Nuclear Power, Grid Equipment and Energy Infrastructure
Kumho E&C maintained a bullish moving-average alignment for four sessions before jumping 12.34% on Friday. Hyundai E&C, GS E&C and Daewoo E&C also entered the new-high screen on expectations for stronger order intake. Direct catalysts included Doosan Enerbility's roughly KRW 930 billion EPC contract for Oman's Misfah combined-cycle power project and Hyundai E&C's selection as preferred bidder for the Mok-dong Complex 10 reconstruction project. KEPCO E&C and Hyosung Heavy Industries posted consecutive new highs as the market priced in nuclear and grid investment. Preferred-bidder status and order expectations are not final contracts, so disclosure timing, contract value and profitability still require confirmation.
3. EV Batteries and Electronic Components
L&F surged 16.36% on Monday. On Thursday, Samsung SDI, Sangsin EDP and PCB maker Simmtech entered the new-high screen together. Samsung SDI's plan to sell a 5% stake in Samsung Display for about KRW 4.4499 trillion raised hopes that additional investment funding would ease its financial burden, and the stock held a 20-day high on Friday. Signetics also hit the daily price limit, extending buying into electronic components. Raising cash does not by itself improve earnings; battery demand and the pace and returns of actual capital deployment will shape the follow-through.
4. K-Food and Export Consumer Brands
Samyang Foods entered the new-high screen on Tuesday, Wednesday and Friday, with its close rising from KRW 1.43 million on the first appearance to KRW 1.547 million on the last. Nongshim, Binggrae and Lotte Wellfood also reached longer-term highs on different days, showing continued rotation into food companies with overseas sales growth and pricing power. The move was driven more by existing export and demand expectations than by a single major new disclosure. At elevated share prices, investors should confirm that capacity expansion and margin gains translate into reported results.
5. Biotech, Pharmaceuticals and Diagnostics
Hanmi Pharm hit the daily price limit on Monday after announcing a licensing agreement with Genentech for obesity-drug candidate HM17321; Hanmi Science rose 25.70%. PharmaResearch recorded two new-high appearances, while NeoImmuneTech and Seegene carried the rotation into biotech and diagnostics on heavy turnover. Reports that COVID-19 hospitalizations had increased for five straight weeks lifted diagnostic-stock expectations, although health authorities assessed the public-health threat as lower than a year earlier. Milestone-dependent licensing economics should be distinguished from the durability of actual diagnostic demand.
6. Financials, Insurance, Holding Companies and Event-Driven Names
Hyundai Marine & Fire Insurance appeared on three days and rose 7.05% Friday. Shinhan Financial Group and Hana Financial Group maintained bullish moving-average alignment for two sessions, supported by shareholder-return expectations. Hanwha resumed trading after a corporate spin-off; Woori Technology Investment moved with a cryptocurrency rebound; ITCEN GLOBAL drew attention on gold-related expectations; and KidariStudio benefited from webtoon and content-sector flows. These were primarily company-specific, event-driven moves rather than a common industry cycle. Prices around trading halts or thematic headlines alone should not be treated as evidence of a broad operating improvement.
3. Repeat Appearances and Weekly Leaders
| Stock | Market Cap | Signal Dates | Weekly Price Action | Catalyst | Key Risk |
|---|---|---|---|---|---|
| Kumho E&C 002990 | KRW 634.2bn | Aug. 24, 25, 26, 28 | Four bullish-MA appearances. The close rose from KRW 14,860 on its first appearance to KRW 17,020 Friday; Friday turnover reached KRW 595.6 billion. | Construction-sector rotation and technical buying were the main drivers; no major new disclosure clearly explained the entire weekly surge. | Turnover approached market capitalization, pointing to extremely high short-term churn and pullback risk. |
| Kumho Electric 001210 | KRW 132.2bn | Aug. 24, 25, 28 | Friday's 29.93% limit-up move triggered new-high and bullish-MA signals across every tracked window; turnover reached KRW 274.7 billion. | Concentrated buying and industry expectations, rather than a clearly verified major new catalyst, drove the price action. | Turnover exceeded twice the company's market capitalization, so volatility could be extreme if short-term flows reverse. |
| APR 278470 | KRW 17.2777tn | Aug. 25, 27, 28 | The stock rose 7.57% Tuesday, fell 1.70% Thursday and rebounded 6.21% Friday, retaking new-high and bullish-MA signals across all tracked windows. | Second-quarter revenue of KRW 767.5 billion, operating profit of KRW 190.6 billion, a 92% overseas-sales mix and KRW 3 trillion full-year revenue guidance drove the re-rating. | The elevated valuation, lock-up expirations, overseas inventory and marketing costs all merit attention. |
| Samyang Foods 003230 | KRW 11.6536tn | Aug. 25, 26, 28 | The stock rose on all three appearances, climbing 8.18% from KRW 1.43 million on the first appearance to KRW 1.547 million Friday. | Overseas demand for the Buldak brand, export growth and expected capacity expansion extended the existing earnings momentum. | With no single major new disclosure this week, the key issue is whether growth rates can remain elevated. |
| SK Eternix 475150 | KRW 1.8703tn | Aug. 24, 25, 27 | All three appearances showed both gains and bullish-MA alignment, with the close rising from KRW 53,200 Monday to KRW 55,800 Thursday. | Expansion of renewable-generation assets such as solar and energy storage, together with rising power-demand expectations, supported the medium-term alignment. | The company is sensitive to project financing costs, asset-level commercial-operation schedules and interest-rate changes. |
| COSMAX 192820 | KRW 3.4389tn | Aug. 24, 25, 28 | The stock rose on all three appearances and gained 7.07% Friday, expanding to new-high and bullish-MA signals across all tracked windows. | A brokerage raised its target price to KRW 320,000 on improving profitability at the U.S. unit and stronger domestic and overseas order growth. | Watch whether U.S. margin improvement and a recovery in Chinese demand unfold as expected. |
| GS 078930 | KRW 11.3983tn | Aug. 25, 26, 27 | After rising 6.28% Tuesday and 4.84% Wednesday, the stock corrected 3.52% Thursday to close at KRW 123,200. | The value of its energy holdings and expectations for refining and power-generation conditions supported longer-term highs and bullish-MA flows. | Profit-taking appeared on the final signal day, and the shares remain sensitive to oil prices and refining margins. |
| Kolmar Korea 161890 | KRW 3.8169tn | Aug. 24, 25, 28 | Following Monday and Tuesday appearances, the stock jumped 10.91% Friday and finished 12.84% above its first-appearance close. | Expectations for expanding K-beauty exports and ODM order growth were amplified by strength across the sector. | Sector flows mattered more than a company-specific new disclosure; customer orders and input-cost ratios remain key. |
| Hyundai Marine & Fire Insurance 001450 | KRW 4.4670tn | Aug. 25, 26, 28 | After modest gains Tuesday and Wednesday, the stock rose 7.05% Friday and set new 480-day and 240-day highs. | Expectations for normalized underwriting results, dividends and shareholder returns supported defensive-sector flows. | Loss ratios, reserve assumptions and interest rates can change both earnings and dividend capacity. |
| Doosan Enerbility 034020 | KRW 56.4975tn | Aug. 26, 28 | The stock rose 6.32% Wednesday and 2.68% Friday, extending a 20-day high; peak turnover across the appearances was KRW 551.2 billion. | A roughly KRW 930 billion EPC order for Oman's Misfah combined-cycle power plant, plus expectations for nuclear and gas-turbine orders, provided direct catalysts. | Monitor project progress, costs and how much future order growth is already priced in. |
| Samsung SDI 006400 | KRW 46.0143tn | Aug. 27, 28 | After surging 10.27% Thursday, the stock added 0.35% Friday and held a 20-day high for a second session. | The planned sale of a 5% Samsung Display stake for about KRW 4.4499 trillion raised expectations that additional investment funds would ease financial pressure. | The cash inflow is separate from a battery-cycle recovery; demand and the efficiency of actual investment remain decisive. |
| KEPCO E&C 052690 | KRW 4.7163tn | Aug. 25, 26 | Consecutive jumps of 20.27% Tuesday and 13.63% Wednesday lifted the 20-day high. | Expectations for overseas nuclear cooperation and new reactor orders boosted flows into nuclear design and engineering names. | Expectations ran ahead of confirmed contracts, so unverified stake and order speculation warrants caution. |
| Hyosung Heavy Industries 298040 | KRW 29.4003tn | Aug. 27, 28 | The stock rose 10.08% Thursday and 2.40% Friday, recording consecutive 20-day highs. | Data-center and grid investment, along with shortages of ultra-high-voltage transformers, supported the power-equipment outlook. | At the elevated price, backlog margins and the pace of capacity expansion must meet expectations. |
| Shinhan Financial Group 055550 | KRW 50.7476tn | Aug. 26, 27 | Gains of 0.85% Wednesday and 1.30% Thursday maintained bullish-MA alignment for two sessions. | Shareholder-return expectations for major banks and defensive institutional flows supported the alignment. | After the policy-rate increase, net interest margins and credit costs may move in opposing directions. |
| Hana Financial Group 086790 | KRW 36.5458tn | Aug. 26, 27 | The stock rose 1.83% Wednesday and 0.30% Thursday, maintaining bullish-MA alignment without strong momentum. | Expectations for share cancellation, dividends and other shareholder returns supported bank valuations. | Bullish alignment alone does not establish near-term strength; asset-quality costs should also be checked. |
| PharmaResearch 214450 | KRW 4.7948tn | Aug. 26, 28 | The stock gained 6.63% Wednesday and 6.71% Friday, extending 120-day and 60-day highs on both appearances. | Domestic and overseas demand growth for aesthetic-medicine products such as Rejuran, together with K-beauty flows, lifted the shares. | Product-level export growth, intensifying competition and valuation risk should be considered together. |
| Silicon2 257720 | KRW 3.4034tn | Aug. 24, 25 | The stock rose 3.78% Monday and 4.95% Tuesday, broadening from a 60-day high to 120-day and 60-day highs. | A KRW 300 billion third-party allotment to fund operations and corporate-venture-capital investment, plus K-beauty distribution growth, drew attention. | The issuance of about 6.67 million new shares may dilute per-share value; the returns on capital deployment need verification. |
| KidariStudio 020120 | KRW 205.7bn | Aug. 24, 25 | Consecutive gains of 26.87% Monday and 8.82% Tuesday lifted longer-term highs. | Platform-growth expectations in webtoons and content, together with concentrated short-term flows, drove the advance. | With no clear new disclosure supporting a step-change in enterprise value, the stock is sensitive to fading turnover. |
| Hanmi Pharm 128940 | KRW 6.9179tn | Aug. 24 | The stock hit the 29.96% daily price limit Monday on turnover of KRW 277.9 billion, recording a 20-day high. | The direct catalyst was the licensing agreement with Genentech for obesity-drug candidate HM17321. | Value beyond the upfront payment is conditional on development, regulatory and sales milestones. |
| Daewoo E&C 047040 | KRW 8.2592tn | Aug. 27 | The stock gained 4.71% Thursday and recorded a 20-day high on turnover of KRW 441.3 billion. | A brokerage sharply raised its target price on higher order guidance and expectations for overseas nuclear and plant projects. | Guidance and target prices are not confirmed orders; contract conversion and profitability require verification. |
4. Four-Year Charts of 15 Key Stocks
Fifteen stocks were selected based on repeat appearances, trading value and theme representation. When a stock appeared on multiple days, the original chart from its final appearance of the week is used. Prices are in KRW; the lower panel reports trading value in units of KRW 100 million.
Kumho E&C (002990)
Last signal chart: Aug. 28. The stock rose 12.34% Friday on turnover of KRW 595.6 billion. The chart shows acceleration after four sessions of bullish moving-average alignment, as well as the risk of short-term overheating.
Kumho Electric (001210)
Last signal chart: Aug. 28. Friday's limit-up move triggered new-high and bullish-MA signals across all tracked windows. Turnover of KRW 274.7 billion far exceeded market capitalization, making the durability of trading activity especially important.
APR (278470)
Last signal chart: Aug. 28. APR rebounded 6.21% Friday after Thursday's pullback, restoring new-high and bullish-MA signals across all tracked windows. The chart shows both earnings momentum and elevated volatility near the highs.
Samyang Foods (003230)
Last signal chart: Aug. 28. The stock rose on all three appearances—Tuesday, Wednesday and Friday—and finished at KRW 1.547 million. The chart shows price holding above its prior 120-day high.
SK Eternix (475150)
Last signal chart: Aug. 27. Thursday's KRW 55,800 close marked a third bullish-alignment appearance, and all three sessions were positive. Price remained above the short-term averages, while project schedules and interest rates remain key variables.
COSMAX (192820)
Last signal chart: Aug. 28. A 7.07% Friday gain met both long- and short-window new-high conditions as well as bullish-MA alignment. The chart shows improving U.S.-unit profitability expectations translating into a longer-term breakout.
GS (078930)
Last signal chart: Aug. 27. After sharp gains Tuesday and Wednesday, GS corrected 3.52% Thursday. The longer-term bullish alignment remained intact, but the chart also shows the beginning of short-term profit-taking.
Kolmar Korea (161890)
Last signal chart: Aug. 28. Friday's 10.91% jump set new 480-, 240-, 120- and 60-day highs. The chart shows K-beauty rotation spreading forcefully into an individual cosmetics ODM name.
Hyundai Marine & Fire Insurance (001450)
Last signal chart: Aug. 28. The stock gained 7.05% and extended its 480-day and 240-day highs. Friday delivered the heaviest turnover and largest gain of its three signal appearances.
Doosan Enerbility (034020)
Last signal chart: Aug. 28. A 2.68% Friday gain followed Wednesday's 6.32% advance and extended the 20-day high. The chart shows the uptrend holding after the Oman power-project order.
Samsung SDI (006400)
Last signal chart: Aug. 28. After Thursday's 10.27% surge, Samsung SDI added 0.35% Friday. Turnover eased, but price remained at a 20-day high.
KEPCO E&C (052690)
Last signal chart: Aug. 26. Combined surges on Tuesday and Wednesday produced consecutive 20-day highs. Wednesday turnover reached KRW 231.3 billion, and the steepening slope also increased short-term overheating risk.
Hyosung Heavy Industries (298040)
Last signal chart: Aug. 28. The stock rose 10.08% Thursday and 2.40% Friday, extending its 20-day high. The chart shows the trend holding near record territory on strong power-equipment expectations.
Shinhan Financial Group (055550)
Last signal chart: Aug. 27. Modest gains on Wednesday and Thursday maintained bullish-MA alignment. The chart shows a gradual uptrend and defensive character rather than a sharp breakout.
PharmaResearch (214450)
Last signal chart: Aug. 28. Both appearances produced gains above 6% and extended 120-day and 60-day highs. The chart shows renewed K-beauty and aesthetic-medicine flows pushing price higher.
5. Daily Market Highlights
1. Monday, Aug. 24: KOSPI closed 3.12% lower at 6,696.96 as disappointment over Samsung Electronics' shareholder returns and weakness in large semiconductor stocks weighed on the market; KOSDAQ rose 1.42% to 813.33. Hanmi Pharm and Hanmi Science surged on the licensing agreement, while L&F, ITCEN GLOBAL and KidariStudio reached new highs on heavy turnover. COSMAX, Kolmar Korea and Silicon2 marked the start of the K-beauty advance.
2. Tuesday, Aug. 25: KOSPI reversed from an intraday drop of more than 4% to close 0.68% higher at 6,742.74; KOSDAQ gained 1.70% to 827.15 for a second straight advance. KEPCO E&C rose 20.27%, Woori Technology Investment gained 15.84%, and APR, GS and Hankook Cosmetics Manufacturing recorded new highs. Because this was Hanwha's first trading day after a spin-off, the simple comparison with its pre-suspension price was excluded from normal daily-return analysis.
3. Wednesday, Aug. 26: KOSPI rose 0.97% to 6,808.21 on institutional buying and strength in construction, nuclear and transportation stocks, while KOSDAQ eased 0.03% to 826.87. Hyundai E&C, GS E&C, KEPCO E&C and Doosan Enerbility led infrastructure, while Samyang Foods, Binggrae and Lotte Wellfood extended the rotation into export-oriented food stocks. Signetics hit the daily price limit and entered a longer-term new-high screen.
4. Thursday, Aug. 27: Nvidia earnings expectations and strength in semiconductors and power equipment lifted KOSPI 1.53% to 6,912.37 and KOSDAQ 1.30% to 837.65. The Bank of Korea raised its policy rate from 2.75% to 3.00%, trimming intraday gains. Samsung SDI, Hyosung Heavy Industries, Simmtech, Taihan Fiberoptics and Daewoo E&C traded heavily, while APR and GS corrected on profit-taking after reaching new highs.
5. Friday, Aug. 28: Heavy foreign selling in KOSPI pushed Samsung Electronics and SK hynix lower, and the index fell 1.79% to 6,788.88. KOSDAQ held a 0.09% gain at 838.41. Kumho Electric hit the daily price limit, Kumho E&C rose 12.34%, Kolmar Korea gained 10.91% and Seegene advanced 11.76%, leading small- and mid-cap strength. APR, COSMAX, PharmaResearch and Samyang Foods also reconfirmed new-high trends on the week's final session.
6. Key News Summary
6.1 Weekly Market News
1. Aug. 24: Large semiconductor stocks plunged and KOSPI fell 3.12% after Samsung Electronics' shareholder-return announcement was judged to have fallen short of market expectations. KOSDAQ rose on foreign and institutional buying, creating a sharp divergence between large caps and growth stocks. Source: Dong-A Ilbo (Korean)
2. Aug. 25: KOSPI fell more than 4% intraday amid roughly KRW 3.8 trillion in net foreign selling, then reversed higher on individual and institutional demand. KOSDAQ added 1.70% as risk appetite continued in biotech, nuclear and event-driven stocks. Source: MBC News (Korean)
3. Aug. 26: KOSPI gained 0.97% as institutions bought roughly KRW 764.9 billion, with construction, nuclear and transportation stocks leading the recovery. KOSDAQ slipped 0.03%, pausing after two rising sessions. Source: Infostock Daily (Korean)
4. Aug. 27: Nvidia earnings expectations lifted semiconductor and power-equipment stocks, sending KOSPI and KOSDAQ higher together. The Bank of Korea raised its policy rate from 2.75% to 3.00%, and the indices gave back part of their intraday gains after the announcement. Source: Seoul Shinmun (Korean)
5. Aug. 28: Foreign investors sold roughly KRW 1.756 trillion net in KOSPI, pushing Samsung Electronics and SK hynix lower and taking the index below 6,800. KOSDAQ held a small gain and completed a 4.55% weekly rebound. Source: Yonhap News Agency (Korean)
6.2 Key News on New-High and Bullish-MA Stocks
1. Hanmi Pharm and Hanmi Science: Hanmi Pharm signed a licensing agreement with Genentech for obesity-drug candidate HM17321. The deal was reported at up to USD 2.3 billion, including a USD 190 million upfront payment; proceeds beyond the upfront amount depend on development, regulatory and commercial milestones. Source: Dong-A Ilbo (Korean)
2. APR: Second-quarter revenue reached KRW 767.5 billion and operating profit KRW 190.6 billion, both up 134% year over year; overseas sales accounted for 92% of revenue. APR raised full-year revenue guidance to KRW 3 trillion, while logistics and marketing costs and lock-up expirations remain variables to monitor. Source: News1 Korea (Korean)
3. COSMAX: A brokerage raised its target price from KRW 300,000 to KRW 320,000 on improving results at the U.S. unit and expected domestic and overseas order growth. The shares closed Friday at KRW 303,000 with new-high and bullish-MA signals across the tracked windows; sustained earnings improvement in the U.S. and China is the key follow-up. Source: Hyundai Economic Daily (Korean)
4. Silicon2: The company approved a KRW 300 billion third-party allotment to fund working capital and corporate-venture-capital investments. The structure calls for 6,666,666 new shares at KRW 45,000 each, so growth-investment potential should be weighed against dilution for existing shareholders. Source: Digital Today (Korean)
5. Samsung SDI: Samsung SDI plans to sell 13,088,235 Samsung Display shares for about KRW 4.4499 trillion, reducing its stake from 15.2% to 10.2%. The cash inflow expands investment capacity, but battery demand and a return to profitability still require separate confirmation. Source: Yonhap News Agency (Korean)
6. Doosan Enerbility: The company won a roughly KRW 930 billion order for Oman's Misfah combined-cycle power project. It will provide engineering, procurement and construction services as well as steam turbines and generators. Completion is targeted for 2029, directly supporting expectations for long-term backlog and the gas-turbine business. Source: Doosan Newsroom (Korean)
7. Hyundai E&C and Daewoo E&C: Hyundai E&C was selected as preferred bidder for the roughly KRW 2.6135 trillion Mok-dong Complex 10 reconstruction project. A brokerage also sharply raised its Daewoo E&C target price on higher order guidance. Preferred-bidder status and analyst forecasts are not final contracts; shareholder approvals, contract execution and profitability still need confirmation. Hyundai E&C source (Korean) / Daewoo E&C source (Korean)
8. Hanwha: Hanwha completed a corporate spin-off and resumed trading Aug. 25, closing at KRW 118,100. A simple comparison between the pre-suspension and post-resumption prices mixes in the spin-off effect, so the relisting reference price and separated business values provide a more appropriate basis. Source: Korea Economic Daily (Korean)
9. Seegene: Reports that COVID-19 hospitalizations had risen for five consecutive weeks lifted diagnostic-stock flows, and Seegene gained 11.76% Friday. Health authorities, however, said hospitalizations and the public-health threat remained below year-earlier levels, so a short-term theme should be distinguished from actual testing demand. Source: Yonhap News Agency (Korean)
10. Samyang Foods: Rather than a major new disclosure, continued expectations for overseas demand and earnings growth drove new highs Tuesday, Wednesday and Friday. The final close was 8.18% above the first-appearance close; at the elevated valuation, export growth and the pace of capacity expansion matter. Source: MoneyToday (Korean)
7. What to Watch Next Week
1. KOSPI 6,800 and Foreign Semiconductor Flows: KOSPI recovered 6,900 during the week but fell back to 6,788.88 Friday. The first question is whether foreign selling in Samsung Electronics and SK hynix subsides and large caps can support the index floor.
2. KOSDAQ 840 and Market Breadth: KOSDAQ rebounded 4.55% for the week, but Friday's gain was only 0.09%. Watch whether turnover in K-beauty, biotech and EV batteries continues and carries the index above 840, or whether flows narrow into only a handful of high-volatility names.
3. Earnings Durability in K-Beauty and Export Stocks: APR, COSMAX, Kolmar Korea and Silicon2 appeared repeatedly, forming the broadest new-high group of the week. Overseas revenue, order growth and margin improvement should be weighed against share-supply risks such as new issuance and lock-up expirations.
4. Follow-Through Contracts in Construction, Nuclear and Grid Equipment: For Kumho E&C, Hyundai E&C, Daewoo E&C, KEPCO E&C and Hyosung Heavy Industries to extend their gains, preferred-bidder status and market expectations must convert into actual orders and disclosures. Names with steep short-term gains, including Kumho E&C and KEPCO E&C, also face greater profit-taking risk.
5. Can the Battery Rebound Reach Earnings? Watch whether Samsung SDI's large cash inflow and parallel strength in L&F and Sangsin EDP become a broader sector trend reversal. Battery shipments, capital efficiency and customer-demand recovery matter more than cash raising alone.
6. Turnover and Reference-Price Distortions: When turnover is very large relative to market capitalization—as in Kumho Electric and Kumho E&C—a drop in turnover can precede greater volatility. For spin-offs and resumed listings, use the adjusted reference price rather than a simple comparison with the old close.
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