S7 Korean Stocks Expand Market Cap Share to 62% by June

Seven KOSPI-listed stocks with English names starting with 'S' — Samsung Electronics, SK Hynix, SK Square, Samsung Electronics Preferred, Samsung Electro-Mechanics, Samsung Life Insurance, and Samsung C&T — saw their combined market capitalization share rise from 40.15% at year-end to 62.31% by June. The expansion was driven by a sharp rally in large-cap semiconductor stocks. The term 'S7' emerged as these companies' market influence grew, mirroring the 'Magnificent 7' tech stocks in the US market.

KOSPI Hits Intraday Record Before July Correction

KOSPI rose to an intraday record of 9,385.59, led by the S7 stocks. Concerns over market concentration, raised in June, turned into a steep correction in July.

Securities Industry Links Rebound to S7 Recovery

The securities industry stated that a KOSPI rebound requires a swift recovery in the leading stocks.

FAQ

What are S7 stocks in the Korean market? S7 refers to seven KOSPI-listed companies whose English names start with 'S': Samsung Electronics, SK Hynix, SK Square, Samsung Electronics Preferred, Samsung Electro-Mechanics, Samsung Life Insurance, and Samsung C&T.

How much did the S7 market cap share increase by June? The combined market capitalization share of S7 stocks rose from 40.15% at year-end to 62.31% by June.