B
BATUR RESEARCH
KO · 한국어 EN · English ✓ JA · 日本語
Go to Chart →
MACRO RORO 42.2pt (Neutral)
순유동성 $5759.1B
미10년물 5.26%
WTI유가 $90.31
원/달러 1356.6원
VIX 16.34
BATUR QUANT INTELLIGENCE

Institutional Market Macro & Quant Confluence Reports

Synthesizing Fed Net Liquidity, 10Y Yields, DXY, and Oil with institutional resistance breakouts & key support levels to pinpoint high-probability confluence trades.

ALL REPORTS KRX · Korea Close US · US Close TSE · Japan Close KRX · Pre-Market US · Pre-Market TSE · Pre-Market THEMATIC
KRX · 한국 마감 2026-10-02

Institutional Korea Market Close: KOSPI Secures 7,000 Mark Amid Divergent Sector Flows

KOSPI closed up 0.46% at 7,003.74, while KOSDAQ edged down 0.11% to 893.29 on October 2, 2026. Machinery and export-oriented leaders broke through resistance levels with volume expansion, contrasting with weakness in construction and marginal equities. A rigorous fundamentals-based stock selection strategy remains essential amid shifting foreign and institutional flows.

020150.KS 229640.KS 092870.KQ 025950.KQ
VIEWS 2 리포트 보기 →
THEMATIC · 기획·테마 2026-10-02

[Global Macro Asset Allocation] The 5.26% Risk-Free Rate Regime and Cost of Capital Restructuring: Structural Dominance of the Value Factor through Duration Sensitivity Analysis

[Discount Rate Regime Shift and Normalization of Asset Pricing] With the US 10-Year Treasury yield resetting to 5.26% and bear steepening (+37bp) accelerating, global capital markets have transitioned from an era of financial repression into a regime of cost-of-capital normalization. This structural elevation of the hurdle rate permanently compresses the present value of backloaded, speculative duration assets. [Duration Sensitivity Analysis and Value Factor Superiority] Analytical duration modeling reveals that frontloaded, cash-generative equities holding net cash balance sheets exhibit exceptional price resilience against interest rate shocks, alongside positive EPS accretion from risk-free yields. Companies generating ROIC in excess of WACC and distributing high FCF yields via share retirement occupy an unassailable economic moat. [Empirical Quant Screening and Asset Allocation Architecture] Empirical screening validation across our databases demonstrates that Valero Energy (VLO), NH Investment & Securities Pref (005945.KS), Cosmax (192820.KS), Digital Daesung (068930.KQ), Korea Export Packaging (002200.KS), and Hokuyo Bank (8524.T) maintain robust fundamental alpha, validating a disciplined 70:30 barbell allocation architecture against high-debt value traps.

▲ VLO ▲ 005945.KS ▲ 192820.KS ▼ 025950.KQ ▼ 042940.KQ
VIEWS 16 리포트 보기 →
TSE · 일본 개장전 2026-10-02

Japan Pre-Market Morning Briefing: Quant Screening and Macro Alignment for Tokyo Open

Reviewed the Tokyo pre-market macro environment amid overnight US market volatility and the USD/JPY exchange rate at 152.4. Identified breakout leaders in banking and transportation equipment based on volume explosion and momentum metrics. Established conservative portfolio guidelines to manage downside risks in rate-sensitive and legacy retail sectors.

7018.T 8345.T 8035.T 3133.T
VIEWS 2 리포트 보기 →
US · 미국 마감 2026-10-02

Institutional Wall Street Market Close Headline: Tech Resilience Amid High Treasury Yields

1. Wall Street closed slightly higher with S&P 500 up 0.19% and Nasdaq up 0.04% despite 10-year Treasury yields surpassing 5%. 2. Screening reveals capital concentration in machinery and industrial manufacturing sectors with high export margins, alongside mega-cap tech leadership. 3. Conversely, vulnerable firms facing prolonged high interest rates broke below key support levels, driving extreme K-shaped divergence.

VLO CVI NVDA WHLR
VIEWS 2 리포트 보기 →
TSE · 일본 마감 2026-10-01

[Tokyo Market Close] Nikkei Settles Above 68,900 Amid Export and Banking Capital Concentration

The Tokyo market closed strong with the Nikkei 225 surpassing the 68,900 level, accompanied by gains in TOPIX. Capital concentrated on export leaders and financial stocks benefiting from high exchange rates, showing volume surges and resistance breakouts. Conversely, interest-rate-sensitive domestic stocks exhibited clear downside breakouts, intensifying K-shaped polarization.

7384.T 8035.T 7018.T 3133.T
VIEWS 12 리포트 보기 →
TSE · 일본 개장전 2026-10-01

Japan Pre-Market Strategy: Inflows into Banking and Shipbuilding Amid 152-Yen FX Level

With the USD/JPY rate at 152.4, Tokyo equities are poised for selective inflows into banking and shipbuilding sectors benefiting from currency dynamics. Breakout leaders exhibit strong export margins and order momentum, while retail and service issues face downside risks. Trading execution requires strict adherence to quantitative resistance and support levels.

8345.T 7350.T 7014.T 3133.T
VIEWS 15 리포트 보기 →
KRX · 한국 개장전 2026-10-01

Korea Pre-Market Morning Briefing: Capital Concentration in Machinery, Equipment, and Export Leaders Amid Global Macro Volatility

The USD/KRW exchange rate closed at 1,356.6 with the US 10-year Treasury yield at 5.26%, maintaining high interest rate pressures on equity valuations. Chart screening indicates capital concentration and breakout trends in machinery, equipment, and export-driven sectors with accompanying volume expansion. Trading strategies at the market open must strictly adhere to quantitative support and resistance levels with disciplined risk management.

229640.KS 100840.KS 000660.KS 025950.KQ
VIEWS 13 리포트 보기 →
US · 미국 개장전 2026-09-30

Wall Street Pre-Market Strategy Briefing: Index Futures Decline and Export Margin Stock Concentration

U.S. 10-year Treasury yields reached 5.24% with index futures declining, while pre-market liquidity concentrates on machinery and energy stocks with high export margins. Breakout candidates such as Valero Energy and CVR Energy are testing upper resistance levels. Conversely, leveraged entities like Wheeler Real Estate experience downside volatility due to sustained high interest rates.

VIEWS 12 리포트 보기 →
TSE · 일본 마감 2026-09-30

Tokyo Market Close: Nikkei 225 Reclaims 66k Led by Financials and Shipbuilding Amid Sector Divergence

The Nikkei 225 closed up 1.94% at 66,753.72pt, reclaiming the 66,000 level driven by financials and shipbuilding sectors. Strong volume expansion supported key resistance breakouts among export and value stocks. Meanwhile, rate-sensitive and consumer discretionary small-caps suffered downward drift, highlighting stark sector divergence.

8524.T 7014.T 7350.T 3133.T
VIEWS 13 리포트 보기 →
KRX · 한국 마감 2026-09-30

[KRX Close] K-Divergence with KOSPI Lower and KOSDAQ Higher; Breakout Momentum Focused on Machinery and Export-Driven Sectors

On September 30, 2026, the Korean market closed with KOSPI down 0.48% and KOSDAQ up 0.72%. Machinery and steel sectors with surging order backlogs broke through upper resistance lines. Conversely, high-interest-sensitive sectors and marginal small caps faced breakdown risks.

LS에코에너지 엑시콘 SNT에너지 탑코미디어
VIEWS 11 리포트 보기 →
TSE · 일본 개장전 2026-09-30

Japan Pre-Market Morning Briefing: Selective Approach on Export Majors Amid FX and Macro Volatility

US 10-year yields reached 5.24% and the USD/JPY rate hit 152.4 yen, raising macro caution. Capital concentration toward value stocks, shipbuilding, and financials benefiting from a strong dollar is observed amidst supply battles in major stocks like Tokyo Electron and Toyota Motor. Downward-trending equities face demand slowdowns and require strict risk management.

8345.T 7014.T 7203.T 3133.T
VIEWS 12 리포트 보기 →
KRX · 한국 개장전 2026-09-30

[Korea Pre-Market Strategy] Capital Concentration in Machinery and Materials amid Global Macro Volatility... Key Support Levels for Opening

Amid a USD/KRW exchange rate of 1,351.9 and a US 10-year Treasury yield of 5.24%, capital concentration was observed primarily in machinery and general industrial manufacturing sectors. LS Eco Energy and SNT Energy showed breakouts above upper resistance levels accompanied by increased trading volume compared to 20-day averages. Conversely, construction and civil infrastructure sectors continued to experience downward pressure due to prolonged high interest rates and slowing front-end demand, warranting a conservative approach.

229640.KS 100840.KS 005930.KS 025950.KQ
VIEWS 13 리포트 보기 →
US · 미국 마감 2026-09-30

Wall Street Market Close: Indices Edge Lower Amid Elevated Treasury Yields and Selective Capital Rotation

1. Wall Street closed lower on September 29, 2026, with the S&P 500 down 0.17% and Nasdaq down 0.09% amid the 10-year Treasury yield holding at 5.24%. 2. Outperforming breakout leaders concentrated in machinery and industrial manufacturing, leveraging high-margin exports and robust order momentum to test resistance levels. 3. Conversely, vulnerable small-caps and leveraged REITs suffered breakdown pressures due to prolonged high interest rate burdens, driving extreme K-shaped polarization.

VLO CVI RPRX WHLR
VIEWS 14 리포트 보기 →
TSE · 일본 마감 2026-09-29

Tokyo Market Close: Nikkei 225 Declines 0.60% Amid Sector Divergence and Exporter Resilience

On September 29, 2026, the Tokyo market closed lower with the Nikkei 225 down 0.60% at 65,481.27pt and TOPIX down 0.65% at 425.40pt. With the USD/JPY rate at 152.4, screening data revealed capital concentration in high-margin exporters, financials, and shipbuilding. Conversely, breakdown stocks concentrated in retail and service sectors faced margin pressures from prolonged high interest rates, illustrating a pronounced K-shaped divergence.

7384.T 7014.T 8345.T 3133.T
VIEWS 15 리포트 보기 →
KRX · 한국 마감 2026-09-29

Institutional Korea Market Close Report: Sector Divergence and Quant Price Level Analysis

On September 29, 2026, the KOSPI closed down 0.27% at 6,870.81pt while the KOSDAQ rose 0.38% to 849.80pt, showing clear sector divergence. Capital concentrated on machinery and export-driven manufacturers with surging order backlogs. Meanwhile, rate-sensitive and vulnerable names tested critical downside support levels.

LS에코에너지 SNT에너지 롯데에너지머티리얼즈 동신건설
VIEWS 23 리포트 보기 →
US · 미국 마감 2026-09-29

[Wall Street Market Close] S&P 500 and Nasdaq Close Lower Amid Sector Divergence and Key Resistance Testing

U.S. equities closed lower with the S&P 500 down 0.77%, Nasdaq down 0.92%, and Dow Jones down 0.67%. Industrial and energy stocks with strong export margins broke through upper resistance lines, while fundamentally weak companies breached lower support lines, reflecting a sharp K-shaped divergence. Institutional capital concentrated on cash-generative equities with proven order backlogs and pricing power.

VLO CVI RPRX WHLR
VIEWS 13 리포트 보기 →
KRX · 한국 개장전 2026-09-28

Korea Pre-Market Morning Strategy: Machinery and Power Grid Value Chain Focus Amid Macro Pressures

Capital flows are concentrating on machinery and power grid infrastructure exporters amid a 1,367.4 won exchange rate and a 5.18% US 10-year Treasury yield. LS-EcoEnergy recorded a strong upward trend, breaking through resistance with a volume surge of 2.8 times the 20-day average. Conversely, high-interest-rate-sensitive sectors and marginal small-caps face downside risks, requiring conservative risk management.

LSエコエナジー SK하이닉스 삼성전자 동신건설
VIEWS 15 리포트 보기 →
US · 미국 마감 2026-09-28

[Wall Street Market Close] Technology Sector Leads Rebound Amid Elevated Treasury Yields; Major Indices Reach Record Highs

U.S. equities closed higher across major indices driven by AI optimism and large-cap tech strength despite the 10-year Treasury yield hovering at 5.18%. The S&P 500 rose 0.51% to 7,743.41, the Nasdaq gained 0.48% to 27,068.72, and the Dow advanced 0.93% to 51,828.62. Capital concentrated selectively on export-oriented industrial and energy majors along with key mega-cap tech stocks.

MSFT AAPL VLO WHLR
VIEWS 15 리포트 보기 →
THEMATIC · 기획·테마 2026-09-27

[Global Macro & Credit Strategy] US 10Y Yield Breaches 5% (5.18%) & Structural Shift in Required Returns: Private Credit Systemic Risk Crossroads and Portfolio Protocol

• [Rate Regime Shift] US 10Y Treasury yield hits 5.18% (+52bp in 1M) → 5%+ risk-free rate (Rf) pushes equity required returns (ke = Rf + ERP) to 9.5%–11.0%+ • [K-Shaped Polarization] Amid sticky inflation (WTI $92.41) and 5%+ rates, liquidity crowds exclusively into fortress monopolies with proven growth and pricing power • [True Systemic Time Bomb] Filtering out unprofitable public stocks is healthy cleansing; the real systemic risk lies in Private Credit ($2.1T+, 9.5%–12%+ floating rates) and zombie firms (>33% with ICR < 1.0x) hitting refinancing walls • [Smart Money Front-Running] Private credit managers plunged over the past month — Blue Owl (OWL -22.5%), Blackstone (BX -16.8%), Ares (ARES -14.4%), KKR (-11.1%) — with extreme 60M selling dominance • [Policy Crossroads & Action Protocol] Between (1) liquidity backstops vs (2) market-driven default cleansing (Scenario 2), depleted ON RRP ($0.576B) heightens Scenario 2 risk → Exit private credit/zombie debt now; pivot to a barbell of cash-flow monopolies (MSFT, META, TSM, SK Hynix, Samsung Electronics, Korean Air) + 25–30% 5%+ T-Bill dry powder

▲ MSFT ▲ META ▲ AAPL ▼ OWL ▼ BX
VIEWS 90 리포트 보기 →