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Cosmetics, Gold, and Biotech ETFs Shine Amidst Stagnant KOSPI
Consumer Non-Durables · Household/Personal Care · yonhap_finance · 2026-08-22
161890, 257720, 278470
While the KOSPI remains range-bound, ETFs focused on cosmetics, gold, and biotechnology are delivering strong returns as capital shifts toward earnings growth.
What Happened
ETF Market Shift: With the KOSPI showing no clear direction, ETFs tracking cosmetics, gold, and biotechnology have significantly outperformed the broader market. This indicates a shift in investor focus away from semiconductor concentration toward a broader range of sectors.
Cosmetics and Gold Rally: Cosmetics ETFs have surged, driven by strong quarterly earnings from companies like Kolmar Korea and Silicon2. Simultaneously, gold-related ETFs, including those tracking mining companies and leveraged products, have posted strong gains amid rising gold prices.
Biotech Rebound: After a sluggish performance last month, biotech-related ETFs have rebounded strongly this month, securing spots among the top performers. Indices like the KOSDAQ 150 Biotech have led this recovery, signaling renewed investor interest in the sector.
Market Analysis: Analysts note that capital inflows are diversifying beyond semiconductors into sectors with positive earnings surprises, such as capital goods, insurance, and cosmetics. Investors are increasingly prioritizing individual sector momentum over broad index performance.