Macro Dashboard
| Indicator | Level | 5-Day Change | Signal |
|---|---|---|---|
| KOSPI | 6,909.9 | −1.2% | Flat |
| KOSDAQ | 820.6 | −0.2% | Flat |
| VIX | 17.2 | +12.4% | Stable |
| US 10Y | 4.94% | +0.18pp | Rising |
| USD/KRW | 1,342 | −0.2% | Flat |
| Brent | $103.8 | +6.0% | Rising |
| DXY | 99.2 | +0.3% | Flat |
Regime: KR Neutral · US Neutral · Stance: Selective hold
Both markets sit at Neutral, but Korea carries a pending Bear confirmation (1-of-2 signals triggered). The immediate pressure driver is program selling: the market program balance printed −₩1.81T today, with non-arbitrage accounting for −₩1.76T. ETF net creation offset some of that (+₩869B), keeping the headline index contained. US 10Y at 4.94% (+18bp over five sessions) and Brent at $103.8 (+6.0%) are an uncomfortable combination for valuation multiples and margin assumptions.
Market Wrap
Source: KR Market Snapshot, same-day DB (2026-09-11). A full close briefing was unavailable; the snapshot flow and price data are used instead.
Today was a bifurcated session. Breadth was negative — 1,409 decliners against 957 advancers — yet the average stock return printed +0.40%, a sign that the session’s winners were larger and more liquid than the losers.
Semiconductors absorbed the largest foreign exits. SK하이닉스 (000660.KS) was the heaviest-sold name in the market, with foreign net selling of −₩1.08T and a −2.21% close. DB하이텍 (000990.KS, −8.16%), 한미반도체 (042700.KS, −8.70%), and 파두 (440110.KS, −13.62%) also declined sharply on combined foreign and institutional selling. The chip equipment and memory complex was clearly under pressure.
Shipbuilding was the day’s institutional conviction trade. HD현대중공업 (329180.KS) closed +5.62% with institutional net buying, and HD한국조선해양 (009540.KS) gained +3.98% with the same support. Both names moved against the market. The sustained order-backlog narrative continues to attract institutional accumulation in Korean heavy industry.
Foreign buyers were contrarian across cyclicals. SK이노베이션 (096770.KS, −5.42%), 대한항공 (003490.KS, −2.03%), 현대차 (005380.KS, −1.67%), 삼성SDI (006400.KS, −2.85%), and 셀트리온 (068270.KS, −1.44%) all drew foreign net buying despite closing lower. The breadth of the “buy the dip” pattern — spanning energy, airlines, autos, batteries, and biotech — looks tactical rather than sector-driven.
The futures basis at −1.92 and the large program sell balance underpin the pending Bear signal on the KR regime shadow. Index-level exposure warrants caution; the environment continues to favor individual stock selection.
Today’s Quality Re-Rating Candidates
Source: KR Meta Screener + Screener Intersection Summary, both dated 2026-09-11. Universe: 113 tickers. Independent screener passes drive the overlap count.
Today’s screener engine ran five independent frameworks: Quality Compounder (QC), Smart Money Quality (SMQ), Cycle Rerating (CR), Smart Money Earnings (SME), and PEAD. The table below ranks by Meta Screener composite score; the overlap column shows how many independent frameworks each name cleared.
| Meta Rank | Ticker | Name | Meta Score | Overlap | Frameworks | Key Metrics |
|---|---|---|---|---|---|---|
| 1 | 005935.KS | Samsung Electronics Pref | 61.6 | QC · CR · PEAD | 3 | ROE 10.9%, OP YoY +33%, Δmarg +2.2pp, PER 9.1x |
| 2 | 005930.KS | Samsung Electronics | 54.6 | QC · CR · PEAD | 3 | ROE 10.7%, OP YoY +33%, Δmarg +2.2pp, PER 12.1x |
| 3 | 000660.KS | SK Hynix | 49.7 | QC · CR | 2 | ROE 35.6%, OP YoY +101%, Δmarg +13.1pp, PER 8.3x |
| 4 | 131290.KQ | TSE (티에스이) | 41.7 | QC · Consensus Up | 2 | ROE 10.4%, OP YoY +23%, consensus z-score +0.61 |
| 5 | 000880.KS | Hanwha | 39.1 | CR · Consensus Up | 2 | OP YoY +72%, Δmarg +1.2pp, consensus z-score +1.09 |
| 6 | 010120.KS | LS ELECTRIC | 39.1 | QC | 1 | ROE 13.9%, OP YoY +9%, DART supply contract |
| 7 | 082740.KS | Hanwha Engine | 38.4 | SMQ · CR · SME | 3 | ROE 31.2%, OP YoY +82%, NI YoY +119%, Δmarg +3.5pp |
| 8 | 093370.KQ | Foosung (후성) | 27.6 | CR · Consensus Up | 2 | OP YoY +365%, Δmarg +7.6pp, consensus z-score +1.41 |
| 9 | 039030.KQ | EO Technics | 19.5 | CR · PEAD | 2 | OP YoY +159%, Δmarg +11.5pp, PEAD Tier A |
Why the Meta Screener diverges from raw overlap count: Hanwha Engine (082740.KS) leads on independent screener passes (SMQ + CR + SME), but the Meta Screener places Samsung Electronics and SK Hynix above it. The reason is composite quality: Samsung and SK Hynix carry RS percentiles above 96, PEAD confirmation, and cleaner balance sheets. Hanwha Engine’s debt ratio of 205% applies a quality guardrail penalty, and its RS at 68.3 sits below the RS85+ threshold. The Meta order is preferred; Hanwha Engine’s overlap depth is noted as a secondary signal.
Top 3 in Focus
#1–2 · Samsung Electronics Preferred (005935.KS) and Samsung Electronics (005930.KS)
Both shares appear across Quality Compounder, Cycle Rerating, and PEAD — the same fundamental story in two instruments. Operating income grew +33.2% YoY on +10.9% revenue growth, expanding margins by +2.2pp. This is textbook operating leverage: revenue growing slower than profits, with the gap widening. The PEAD signal confirms the market has not yet fully repriced the earnings beat. The complication is heavy recent supply from foreigners and quality institutions (Samsung Electronics: −₩1.60T net over five sessions), with retail absorbing. The re-rating thesis is intact on fundamentals; the flow picture has not yet confirmed institutional accumulation. Watch for net foreign flow stabilization as the key next checkpoint.
#3 · SK Hynix (000660.KS)
The strongest Quality Compounder + Cycle Rerating overlap in today’s universe. ROE of 35.6%, operating profit up +101.2% YoY, margin expansion of +13.1pp, and a PER of 8.3x. A DART official filing (자기주식처분결과보고서) adds a formal event layer. The tension is acute: foreign investors sold −₩1.08T in a single session, and the five-day foreign and quality institutional net stands at −₩1.82T. The screeners flag the fundamental quality story clearly. The flow data argues that institutional re-pricing has not arrived yet. Treat this as a monitor candidate — the screener signal is strong, but flow confirmation is missing.
#7 · Hanwha Engine (082740.KS)
The most cross-validated name in the intersection framework, clearing Smart Money Quality (#2), Cycle Rerating, and Smart Money Earnings (#2). Operating income grew +81.8% YoY, net income +119.4%, margin expanded +3.5pp. Quality institutional buyers were net positive over the past five sessions (+₩34.5B) while retail sold. A DART supply contract filing from late August provides a formal catalyst anchor. The primary risk factor to monitor: a debt ratio of 205% and short interest of 8.8% — both warrant tracking before treating this as a high-conviction re-rating candidate.
All screener data as of 2026-09-11. Financial metrics are drawn from DART official filings or Naver snapshot data as indicated in source. This is editorial market research, not investment advice.