◆Ajou Economic Key News
▷Samsung Group ETFs Lead with Over 93% Returns, Others Lag
- The KOSPI index continues its rally, with Samsung Group ETFs achieving returns exceeding 93% since the start of the year, dominating the ETF market. - ETFs like 'TIGER Samsung Group' (93.64%) and 'KODEX Samsung Group' (86.15%) significantly outperformed the KOSPI's 77.73% rise, largely due to Samsung Electronics' surge. - In contrast, ETFs for major groups like LG, Hyundai, POSCO, and Hanwha reported returns between 43% and 62%, falling short of the KOSPI's gains. - Fund flows varied, with 'TIGER Hyundai Group Plus' attracting 574.1 billion won, while 'KODEX Samsung Group' saw 72.1 billion won exit due to profit-taking. - Analysts warn that the expansion of the ETF market could increase volatility in the stock market, advising caution amid the ongoing high performance and potential for technical corrections.
◆Key Reports
▷Caution Advised on Middle East Situation, Oil Price Rebound Pauses Market [SK Securities]
- U.S. markets reached record highs early but reversed course due to a spike in oil prices linked to Iran, with the Dow down 0.63%, S&P 500 down 0.38%, and Nasdaq down 0.13%. - Semiconductor stocks weakened due to profit-taking and ARM's earnings impact, leading the Philadelphia Semiconductor Index to drop 2.7%, with Intel, Micron, and Broadcom falling around 3%. - International oil prices briefly dipped amid U.S.-Iran peace hopes but surged again after concerns about potential Iranian blockades in the Strait of Hormuz, with WTI rising to $97.8 and Brent to $103.6. - U.S. job data showed initial unemployment claims below expectations, indicating a solid labor market, while unit labor cost growth slowed, easing wage inflation concerns. - Rising oil prices and strong economic indicators pushed U.S. Treasury yields higher, while geopolitical risks in the Middle East and tech sector layoffs dampened investor sentiment.
◆Major Announcements After Market Close (May 7)
▷Inbody Reports Q1 Operating Profit of 13 Billion Won, Up 86% Year-on-Year
▷DA Technology Changes Major Shareholder to Jeong Chan-soo
▷XQUR Exercises 500 Million Won Convertible Bond Rights
▷Apten Lifts Trading Suspension on May 8
▷Barunson Lifts Trading Suspension on May 12
▷Cafe24 Reports Q1 Operating Profit of 6.2 Billion Won, Up 4.6% Year-on-Year
▷Harim Reports Q1 Operating Profit of 111.66 Billion Won, Up 67.82% Year-on-Year
◆Fund Trends (As of May 6, Excluding ETFs)
▷Domestic Equity: -167 Billion Won
▷Foreign Equity: -23.5 Billion Won
◆Key Schedule for Today (May 8)
▷South Korea: Current Account (March)
▷Germany: Trade Trends (March), Industrial Production (March)
▷UK: House Price Index (April)
▷U.S.: Employment Report (April), Consumer Sentiment Index (May)
* This article has been translated by AI.
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