How far will Samsung Electronics fall? What is the standard for a 'resting market' or 'the end of a bull market'? | Lee Kwon-hee, CEO of Wizwave [Global Interview]

Summary

Lee Kwon-hee, CEO of Wizwave, discusses the ongoing correction in semiconductor stocks (Samsung Electronics, SK Hynix, Micron). He argues the pullback is driven by sentiment and profit-taking after huge rallies, not by fundamental damage. He advises patience, suggests using cash to buy on further dips, and expects consolidation for a few more weeks. Key short-term catalysts include Samsung's Q2 earnings release on July 7 and SK Hynix's ADR listing, which could affect sentiment.

• Memory stocks are in a needed consolidation after steep rallies, not a trend reversal.
• Correction triggered by profit-taking, sentiment, and noise (Apple, Fed), while DRAM fundamentals remain solid.
• Investors with cash should view the dip as a buying opportunity, especially if Samsung breaks KRW 30,000.
• KOSPI expected to consolidate in a 8,500-9,300 range with possible extension to 7,500.
• Samsung's July 7 earnings and SK Hynix's ADR listing are key events that may drive short-term price swings.
• Lee emphasizes that market timing is difficult and patience is crucial during this resting phase.