KOSPI near 8000, will it really go further? The next direction shaken by interest rates, Fed, and inflation in an overheated market | Jang Ho-jin, CEO of Geumsigong

Summary

CEO Jang Ho-jin discusses the overheated KOSPI market nearing 8000, advocating for reduced exposure and cash holding while still seeing upside in Samsung Electronics and SK Hynix. He forecasts oil prices to remain above $80 near-term but fall to $40 by mid-2026, and highlights Fed hawkishness and inflation risks.

• KOSPI near 8000 with overheating concerns and strong FOMO.
• Semiconductors still have room to run, especially Samsung and SK Hynix.
• Samsung could catch up to SK Hynix if labor issues resolve.
• Investors advised to gradually reduce equity and hold cash.
• Oil prices expected to stay above $80 near-term due to supply constraints.
• Longer-term oil could drop to $40 by mid-2026.
• Fed remains hawkish; rate cuts unlikely this year.
• Underlying credit and consumer weakness masked by AI capex.