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As artificial intelligence (AI) semiconductor-related stocks, such as Samsung Electronics and SK Hynix, which have been driving the domestic stock market, have been greatly adjusted since the end of last month, attention is being paid to industries that have been marginalized in the market, such as beauty and bio. Investment warmth is circulating again in sectors that were undervalued due to semiconductor-oriented supply and demand concentration. In the stock market, it is advised that it is necessary to pay attention to stocks that support earnings growth among industries where circular sales occur.

According to the Koscom ETF on the 11th, the exchange-traded fund (ETF) with the highest return in the last month (July 13 to August 11) was counted as "TIGER BioTOP10". The one-month yield reached 21.31%. This ETF focuses on investing in Korea's leading bio and healthcare stocks. Currently, more than 30% of Alteogen, a KOSDAQ leader and bio-stock, is contained, and Celltrion and Samsung Biologics, Korea's leading bio-stock, are also investing more than 20% each.

In addition, five products were bio and healthcare-related products in the top 10 profit margins, including KODEX Healthcare (15.28%), TIGER 200 Healthcare (14.42%), TIGER Healthcare (14.33%), and TIGER 150 Biotech (13.98%). These ETFs are also investing in major domestic bio and pharmaceutical stocks such as Alteogen, Samsung Biologics, and Celltrion.

During the same period, TIGER cosmetics ranked third in profitability with 15.99%, and beauty-related ETFs were also remarkable, with HANAROK-Beauty (15.27%) ranking fifth. Both ETFs focus on beauty-related items such as beauty and medical devices and cosmetics such as PharmaResearch, APR, AmorePacific, LG Household & Health Care, and Dalva Global.

In the securities industry, it is advised to pay attention to the industry as circular sales have been made in industries that have been excessively suppressed due to supply and demand factors.

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Lee Jae-won, a researcher at Yuanta Securities, said, "The funds that have left the semiconductor are moving to pharmaceuticals, bio, and robots. As the leverage regulation has eased, it is showing a trickle-down effect as small and medium-sized growth stocks."

In particular, interest in industries supported by earnings growth, such as cosmetics, is growing. KB Securities emphasized this month that it should pay attention to industries such as cosmetics, banks, and food and beverage. In particular, cosmetics proved their excellent defense against falling stock prices due to volatility, and based on their record-breaking performance forecast this year, they analyzed that expectations for performance are still alive.

Kim Min-kyu, a researcher at KB Securities, said, "These industries did not appear to be overshadowed by the strong performance of semiconductors, but profit estimates were steadily rising this year." "The rise of other industries while semiconductors are resting is more like taking advantage of the time off for the marginalized to be reevaluated." "If this is the case, it may be possible to adjust the height of stocks that were undervalued compared to their performance when the leading stock took a break," he predicted.

Unlike the KOSPI, which has not yet succeeded in rebounding due to this effect, the KOSDAQ, which has many sector stocks, jumped more than 30% from its low point at the end of July. In particular, the KOSDAQ rose 18.72% this month, with three buy sidecars triggered until the 10th. It ranked No. 1 in growth among major stock indexes around the world. On the other hand, the KOSPI fell 4.48 percent during the same period.

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In fact, as a result of analyzing big data, it was found that the interest of individual investors is diversifying from semiconductors to the industry.

According to financial information company FnGuide, Alteogen-related reports ranked 3rd and 7th, respectively, among the top 10 most searched reports in the week from the 4th to the 10th. Until last month, most of the top 10 were reports related to Samsung Electronics and SK Hynix, but it is believed that the market's attention is being distributed to various industries this month.

In particular, there is great interest in the possibility of raising Alteogen's performance, such as Shinhan Investment & Securities' Alteogen report, "Three contracts already, a few more in the second half of the year" (223 times) and Hana Securities' Alteogen report, "Check demand for ALT-B4 with the addition of contracts, raise estimated Qlex sales (181 times).

Um Min-yong, a researcher at Shinhan Investment & Securities, said, "It is possible to sign additional contracts with multiple partners in the second half of the year, and Alteogen is the only successful Big Pharma deal this year," adding, "Contracts and sales are growing most stably amid recent clinical and development uncertainties."

Investors in the beauty industry paid attention to the possibility of an increase in earnings, with Hana Securities' APR report "Possible of more than KRW 3 trillion in sales in 2026" (180 times) also attracting high attention and being listed in the top 10.

This change is also detected in stock search. SK Hynix (1828) and Samsung Electronics (1713 times) were still in first and second place, but beauty companies such as APR (999) and PharmaResearch (785 times) were in third and fourth place. Although "semiconductor" (639 times) still topped the keyword search, interest in "cosmetics" (260 times) and "cosdoc" (315 times) was also high.