Changes in Korean Stock Market Capitalization Rankings and New Semiconductor ETF Launch
Significant changes are occurring in the rankings of the top market-capitalized stocks in the Korean stock market. In the KOSPI market, half of the top 10 market-cap stocks have seen changes, while all top 10 stocks in the KOSDAQ market have experienced a reshuffle. The expectations of a U.S. interest rate cut and an AI rally have propelled biotech and financial stocks as new leaders, while major companies like Samsung Electronics and SK Hynix have maintained their rankings. Notably, Hyundai Motor rose to 5th place, surpassing Samsung Electronics preferred shares, and KB Financial and Shinhan Financial entered the top ranks. POSCO Holdings and Samsung SDI, on the other hand, have seen a decline.
In the KOSDAQ market, Alteogen has surged to the top, surpassing Ecopro BM, while HLB climbed to 3rd place. This shift is attributed to a slowdown in the electric vehicle market, leading to a decline in battery-related stocks. Experts predict that healthcare and financial stocks will continue to perform strongly, driven by expectations of interest rate cuts and U.S. election policies.
Mirae Asset Global Investments will list a new ETF, 'TIGER U.S. AI Semiconductor Fabless', at the end of this month. This ETF focuses on semiconductor design companies, with a 30% allocation to Nvidia, the highest among Korean-listed semiconductor ETFs. It also includes Broadcom, AMD, and Qualcomm, making up 70% of the portfolio. Industry experts caution that due to its concentrated investment in a few stocks, this ETF may exhibit significant price volatility.
Related News
Financial Stocks Rise, Battery Stocks Fall…Market ReshufflingFinancial stocks rise, battery stocks fall…market reshuffling. The market capitalization ranking has changed this year, with all top 10 KOSDAQ companies being replaced. KB Financial and Shinhan Financial Group rose, while LG Chem and EcoPro fell.
Focused Investment in Semiconductor Design Companies... Mirae Asset Launches Fabless ETF - Korea Economic DailyFocused investment in semiconductor design companies... Mirae Asset launches fabless ETF, listed this month... Nvidia has the highest weight
Bio and Finance Rise while Secondary Batteries Fall… Market Cap Leaders 'Shuffle 'Is the era of secondary batteries over?… Investors who were holding on are in tears, as bio and finance rise while secondary batteries fall… Market cap leaders are being shuffled