Market Conditions for 2026-01-13
KOSPI: +0.84%
KOSDAQ: +0.20%
→ As semiconductors paused, buying shifted to nuclear power, secondary batteries, and aerospace
→ A typical sector rotation market
🔄 Sector trends
Aerospace
US FCC approves additional deployment of SpaceX's next-generation Starlink satellites
Satrec Initiative +16.12% and others strong
Nuclear power
Meta signs large-scale contracts with nuclear power companies to secure power for AI data centers
Hyundai Engineering & Construction +20.18%
Doosan Enerbility +4.63%
Semiconductors
Short-term breather phase
Earnings levels still maintaining an upward trend
💱 Exchange rate trends
Dollar-won exchange rate: 1,468.4 won
+10.8 won from the previous day
Up for 8 consecutive trading days
Night market: 1,468.8 won
Factors behind yen weakness
Growing possibility of an early general election by Japanese Prime Minister Sanae Takaichi
🌍 Global market trends
🇺🇸 US stock market
Fell early in the session → rebounded intraday and closed slightly higher
Possibility of criminal indictment of Fed Chair Powell
Concerns over undermining central bank independence come to the fore
Earnings season kicks off
Starting with financial stocks
🏦 Financial stocks
Trump proposes a 10% cap on credit card interest rates
Capital One -6.42%
Citigroup -2.98%
🛒 Consumer·Others
Walmart +3.00%
Driven by news of its inclusion in the Nasdaq index
Expectations for US-Taiwan trade negotiations
TSMC +2.52%
Philadelphia Semiconductor Index: +0.47%
📊 Major indices & ETFs
MSCI Korea ETF: +0.04% (flat)
MSCI Emerging Markets ETF: +1.40%
Expectations of US-Taiwan reciprocal tariffs being cut to 15%
Possibility of a deal on expanded US semiconductor investment comes to the fore
🥇 Commodities · Precious metals
Gold: +2.5%
Silver: +7.3%
→ Concerns over undermining Fed independence + ongoing geopolitical risks
→ Growing demand for safe-haven assets
🔍 Investment point summary
Semiconductor earnings continue to be revised upward
Led by Samsung Electronics·SK hynix
The possibility of KOSPI 5,000pt is also open
After the short-term surge
Overheating eased through sector rotation
Valuation burden is limited
Short-term risk factors
US December CPI
Issues related to Fed Chair Powell
Whether the exchange rate rises further
🧠 One-line summary
A market where semiconductor earnings are supporting the index while short-term overheating is being resolved through sector rotation.
However, exchange rate·US inflation·Fed risks need continued monitoring.