Structural Rally and Risk Management Strategy Breaking Through Key Resistance Amid FX Stabilization and High-Oil/High-Rate Crosscurrents

## 1. 🌐 Global Macro Intelligence: Macroeconomic Mechanisms Ruling Today's Market As of the Asian market close on September 10, 2026, global asset markets entered a macroeconomic inflection point where **foreign exchange gains driven by rapid currency stabilization** sharply clashed with **discount rate pressures triggered by rising oil prices and yields**. The most decisive turning point was **the sharp stabilization of the USD/KRW exchange rate, plummeting over 94 won (-6.6%) from its yearly high of 1,435.7 to the 1,355.0 level**. This conversion to a stronger won provides a compelling FX gain incentive for global institutional investors, driving strong foreign net inflows mainly into large-cap export leaders. However, upside resistance factors remain distinct. Recently, **WTI crude futures surged to $95.5/bbl, threatening to touch the psychological $100 resistance**, and **U.S. 10-year Treasury yields broke upward to 4.88%, threatening the 5.0% threshold**, heightening credit spread tensions across technology and high-valuation growth stocks. On the positive side, **Fed net liquidity was maintained at $5,840.0B (+0.97%)**, acting as a downside safety net for global equities. Mechanistically, capital is undergoing a Flight to Quality, compressing into core leading stocks equipped with monopolistic value chains and technical moats capable of passing high-interest and high-oil pressures onto clients. ## 2. ⚡ Institutional Quant Radar: Supply-Demand Anomalies Breaking Through Resistance Walls According to quantitative technical analysis screening, the capital compression phenomenon was even more evident in today's Korean regular session. Sector-leading companies that went through prolonged accumulation periods accompanied massive smart money worth multiples of their 20-day average trading volume, **strongly breaking through key upper resistance price bands in a structural Price Acceptance phenomenon**. A notable characteristic is that leading stocks with clear earnings momentum—such as semiconductor ultrafine process equipment, K-beauty global distribution platforms, and next-generation secondary battery materials—recorded stair-step upward lows over the past month and entered historical all-time high zones upon breaking key resistance. Conversely, certain defense and power grid related stocks are **threatened in their core support line defense**, entering technical retest phases and requiring highly selective trading strategies. ## 3. 🎯 Macro & Quant Confluence: Deep Dive Story Analysis of Leading and Vulnerable Stocks ### [HPSP (403870.KQ)] Resistance Breakdown Forged by Ultrafine Process Monopoly - **Business Model & Macro Catalyst**: HPSP is a champion enterprise holding a virtual monopoly on High-Pressure Hydrogen Annealing (HPAE) equipment essential for global leading-edge semiconductor manufacturing. Despite **high-interest rate conditions with 10-year Treasury yields approaching 4.88%**, the long-term order backlog is hitting all-time highs as 2nm and sub-2nm ultrafine process transition investments by global big tech such as TSMC, Samsung Electronics, and Intel are executed. - **Global Peer Synchronization & Smart Money Concentration**: Aligned with NVIDIA and TSMC's next-generation AI chip rally, global smart money is aggressively flowing into HPSP, which holds the core key to securing ultrafine yields. **Trading volume erupted to 152.9 billion won today**, materializing joint buying by institutions and foreigners. - **Chart Screening Trend Formation**: This macroscopic monopoly story is manifested on quantitative screening charts as a **solid upward stair-step trend surging +76.9% from the 1-month bottom (28,050 won)**. Accompanied by buying volume exceeding the 20-day average, it has **approached the threshold of the long-term resistance line at 51,000 won, achieving complete Price Acceptance toward an upward trend**. - **Trading Entry & Risk Line**: Avoid immediate chasing of gap-ups and set **pullback split-buy entries at the resistance-turned-support zone of 50,000 to 50,500 won**. Set **the core support line of 48,050 won as the final stop-loss criterion** to rigorously manage risk. ### [Jusung Engineering (036930.KQ)] Dominance of Next-Gen ALD Equipment and Upward Resistance Eruption - **Business Model & Macro Catalyst**: Jusung Engineering secures the world's finest monopolistic technological moat in Atomic Layer Deposition (ALD) equipment for next-generation memory (HBM3E/HBM4 and 1b/1c nm DRAM). As the USD/KRW exchange rate stabilizes to the **1,355 won level**, the resumption of facility investments by domestic semiconductor giants acts as an explosive catalyst for earnings. - **Global Peer Synchronization & Smart Money Concentration**: It perfectly synchronizes with all-time high rallies of global front-end semiconductor equipment stocks such as Applied Materials and Lam Research. Absorbing a **massive trading volume of 152.2 billion won today alone**, it played a core leading role among semiconductor growth stocks. - **Chart Screening Trend Formation**: Strong order fundamentals formed an **explosive stair-step upward trajectory of +82.2% from the 1-month low (96,800 won)** on quantitative charts. Accompanied by 20-day trading volume today, it **powerful broke through the key upper resistance level of 196,200 won**. - **Trading Entry & Risk Line**: For new entries, it is recommended to **utilize the pullback retest zone at 175,000 to 178,000 won as a prime buying point**, while cutting losses if it **breaks below the core support line of 157,700 won**, which invalidates the trend. ### [POSCO Future M (003670.KS)] Revaluation of Cathode Value Chain and Anchoring Above Long-Term Resistance - **Business Model & Macro Catalyst**: POSCO Future M is an unrivaled battery materials company simultaneously supplying high-end NCMA cathode and anode materials. Amid renewed pressure on automakers to transition to electric vehicles (EVs) driven by sustained high oil prices (**WTI $95.5/bbl**), benefits from U.S. FEOC regulations are further enhancing the company's global order competitiveness. - **Global Peer Synchronization & Smart Money Concentration**: Responding to technical rebounds in Tesla and Albemarle, it formed a **large bullish candle surging +9.07% alongside 123.0 billion won in trading volume today**. Short-covering and foreign passive funds flowed in simultaneously. - **Chart Screening Trend Formation**: This story traced an **upward trajectory surging +41.3% from the 1-month bottom (114,700 won)** on quantitative screening, ultimately leading to a **powerful Price Acceptance breaking through the long-term resistance wall at 186,900 won** today. - **Trading Entry & Risk Line**: Establish **the 180,000 to 183,000 won zone as a support retest buy entry** after the breakout, and adopt a strategy of **reducing exposure if it breaches the core support line at 168,500 won**.