"Even if gold and silver prices crash, will the KOSPI keep rising?"...Rotation into undervalued stocks expected instead of Samsung Electronics and SK hynix

[Financial News] In January, individual investors who bet on a handful of large-cap stocks such as Hyundai Motor Company and Samsung Electronics booked solid gains. Analysts now advise that in February, investors should focus on stocks with improving earnings prospects.

According to News1 on the 2nd, six of the 15 top-performing stocks on the Korea Composite Stock Price Index (KOSPI) in January were large caps with a market capitalization of more than 20 trillion won.
In December last year, theme stocks such as Dongyang Express and Keyang Electric Machinery surged more than 370%, driving the market. In contrast, in January, a few large caps, including Mirae Asset Securities, pushed the index higher.
Mirae Asset Securities alone jumped 80.38% in January, while Hyundai Motor Company climbed more than 70% in just one month. Hanwha Systems (up 70.36%) and Hyosung TNC (up 69.28%) also posted sharp gains.
During the same month, individual investors were net buyers of 4.3442 trillion won on the KOSPI market. Their top picks were Hyundai Motor Company (5.5245 trillion won) and Samsung Electronics (4.1255 trillion won), pouring more than 10 trillion won into just these two names. They also bought a net 2.1317 trillion won of SK hynix.
The Samsung KODEX KOSDAQ 150 ETF (2.7453 trillion won) and the KODEX KOSDAQ 150 Leverage ETF (1.4077 trillion won) together saw more than 3 trillion won in net purchases. In January, SK hynix gained 42% and Samsung Electronics rose 34%. The KOSDAQ 150 Index returned 32.6%, giving leveraged investors returns of more than 70%.
With semiconductors and physical AI plays leading the market in January, many expect February to bring a rotational market, where abundant liquidity spreads into sectors and stocks that have lagged so far.
Kim Yong-gu, a researcher at Yuanta Securities Korea, stated, "Given how sharply the market has risen, there is a high chance it will pause for breath in February due to the trading break over the Lunar New Year holidays." He added, "In February, we expect a rotational market in which sectors take turns catching up in terms of performance."

However, a key variable is that U.S. President Donald Trump has nominated former Federal Reserve governor Kevin Warsh as the next chair of the Federal Reserve System (Fed), sending global financial markets into a bout of "tightening fears." As prices of gold, silver, and Bitcoin (BTC) have all plunged together, investors are watching closely to see how this will affect the domestic stock market.
gaa1003@fnnews.com An Ga-eul Reporter