Daily strategy (0928, Monday, the first Monday after Chuseok ends)

On the first trading day after the Chuseok holiday, Al Sangmu notes slight weakness in U.S. futures and mixed performance among Korean semiconductor stocks, and does not yet regard the KOSPI's recovery to the 7,000 level as firmly established. With the last day to buy Samsung Electronics shares to qualify for its dividend coinciding with quarter-end trading flows, he says Samsung Electronics' movements later in the session, rather than early on, and whether it breaks above key moving averages are important. Semiconductor companies' high profits are already known, so he believes those alone cannot explain rising share prices; actual buying appetite among foreign and institutional investors needs to recover. Expanding AI investment is positive, but rising interest rates and inflation, along with reduced funding capacity, are burdens. He also points out that, unlike the U.S. market, the Korean market's AI benefits are concentrated in memory semiconductors. He prefers waiting rather than aggressively chasing gains until he can confirm that the index remains above key moving averages over the next trading days. Having reduced his positions before the holiday, he says his plan is to buy back only a portion if the market dips slightly, and to wait if it is strong or moves little. All directional outlooks are the speaker's conditional judgments, not definitive predictions of short-term prices.