Market views· Sector Analyst
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Overall sector rotation momentum is accelerating at +7.09%. Defensive sectors show a slight edge over cyclical sectors, but the overall bias remains neutral. Insurance, Energy/Chemicals, and Battery sectors are outperforming, while the Semiconductor sector is underperforming significantly amid a sharp decline. Low correlations between sectors suggest differentiated movements in individual sectors.
Action: With overall market momentum accelerating, a selective approach is required, focusing on leading sectors with strong relative strength and momentum while reducing exposure to underperforming sectors.
| # | Type | |||||
|---|---|---|---|---|---|---|
| 1 | Insurance 140700 | DEF | +14.66% | +19.63% | +38.70% | +24.99 |
| 2 | Energy/Chem 266360 | CYC | +11.25% | −0.10% | −5.24% | +21.57 |
| 3 | Battery 305720 | CYC | +9.37% | +22.25% | −18.67% | +15.65 |
| 4 | Automotive 091180 | CYC | +4.50% | −8.70% | −10.35% | +16.60 |
| 5 | Bio 244580 | DEF | +3.01% | +6.52% | −16.98% | +5.05 |
| 6 | Construction 117700 | DEF | +2.88% | +13.11% | −14.93% | +3.82 |
| 7 | Banking 102110 | DEF | −1.14% | +4.33% | +2.49% | −2.29 |
| 8 | Semiconductor 091160 | CYC | −10.89% | +8.51% | −1.36% | −28.70 |
Maintains overwhelming relative strength and strong momentum across all timeframes, continuing to lead the market.
Participating in rotation with a surge in short-term relative strength and strong momentum, indicating positive changes.
Short- and medium-term relative strength is strong, showing a recovery trend with high momentum.
Short-term relative strength has plunged and momentum has significantly contracted, resulting in very poor performance relative to the market.
Short-term relative strength has declined slightly and momentum has turned negative, indicating a shift to weakness.
Leading the market with overwhelming relative strength across all timeframes and very strong momentum (+24.99%). Despite its defensive characteristics, it is exhibiting a strong upward trend and recording top-tier performance.
Short-term relative strength (+11.25%) has surged, delivering outperformance versus the market with strong momentum (+21.57%). While medium- and long-term relative strength remains negative, recent participation in rotation indicates positive changes.
Short-term (+9.37%) and medium-term (+22.25%) relative strength are strong, recording favorable performance versus the market with high momentum (+15.65%). Although long-term performance was weak, recent recovery has brought it into the top tier of rotation.
Short-term relative strength (-1.14%) has declined slightly, and momentum has turned negative (-2.29%), resulting in underperformance relative to the market. While the medium- to long-term outlook was positive, recent trends have shifted to weakness.
Short-term relative strength (-10.89%) has plunged, and momentum has significantly contracted (-28.70%), resulting in very poor performance relative to the market. Despite being a cyclical sector, broad weakness is intensifying, warranting caution.
Overall sector rotation momentum is accelerating, with a slight edge for defensive sectors and differentiated movements observed within cyclical sectors.
Average momentum across all sectors is accelerating at +7.09%, with 6 out of 8 sectors showing positive momentum. Average relative strength for cyclical sectors is +3.56%, while defensive sectors stand at +4.85%, indicating a slight edge for defensives and a neutral bias. The overwhelming strength of the insurance sector and the sharp weakness in the semiconductor sector are notable.
Key driver: Expectations of broad market momentum recovery, coupled with differentiated movements driven by individual sector fundamentals and supply-demand factors, are the key drivers.
Sector ETF prices relative to KOSPI from AlphaLenz's daily price database, 1 Nov 2026.