As the KOSPI index shows weakness, primarily driven by large semiconductor stocks, major cosmetics companies are experiencing gains due to expectations of improved second-quarter performance.
According to the Korea Exchange, as of 2:13 PM, Korea Kolmar's stock rose by 6,600 won (6.18%) to 113,400 won. The stock opened at 109,000 won and peaked at 123,000 won during the trading session.
At the same time, Amorepacific's shares increased by 7,700 won (6.78%) to 121,300 won, while Cosmax saw a rise of 4,900 won (2.96%) to 170,200 won, indicating a strong buying trend across the cosmetics sector.
The surge in cosmetics stocks is attributed to heightened investor sentiment driven by expectations of improved second-quarter results.
Park Jong-dae, a researcher at Hana Securities, noted in a report that "June cosmetics exports showed a surprising increase of $110 million (42% year-on-year)," adding that the growth rate for cosmetics exports in the first half of 2026 is projected to be 26% compared to the previous year.
He emphasized the need to monitor the trend of cosmetics export growth to China, stating, "If there is a strong rebound in U.S. exports and robust growth in Europe, along with a turnaround in exports to China compared to the same period last year, this year's cosmetics export growth rate could exceed 25% compared to the previous year."
He highlighted that this would represent the highest growth rate since 2020 and the largest increase in terms of value, predicting that this year's cosmetics performance and stock prices are likely to follow a 'U-shaped' recovery pattern.
* This article has been translated by AI.
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