[2026.07.02 Afternoon Broadcast Full View] Foreigners' 'Record-Breaking Selling' Unhindered by Semiconductor Tailwinds and Domestic Stock Market Hampered by Rebalancing... What is the Direction of the Stock Market in the Second Half?

[2026.07.02 Afternoon Broadcast Full View] Foreigners' "Record-Breaking Selling" Unhindered by Semiconductor Tailwinds and Domestic Stock Market Hampered by Rebalancing... What is the Direction of the Stock Market in the Second Half?

Watch on YouTube ↗ | July 02, 2026 at 10:59 | 4:31:31 | 3PRO TV (삼프로TV)

Speakers

Lee Kwon-hee — CEO, Economist

Kim Jang-yeol — Reporter, The Bell

Jang Woo-jin — Writer

Lee Jae-kyu — PB Deputy Manager, SK Securities

Yoo Chang-hee — CEO

Cha Young-joo — Director, Wise Economic Research Institute

Summary

The video discusses the sharp drop in the Korean stock market, heavily driven by foreign selling in memory semiconductors like Samsung Electronics and SK hynix. The sell-off was triggered by concerns over Meta's AI capex and portfolio rebalancing by major institutions like BlackRock. Experts debate whether this is a temporary noise-driven dip or a structural trend breakdown, while highlighting rotation opportunities in undervalued sectors like KOSDAQ, financials, cosmetics, and entertainment.

Korean markets experienced a severe drop, with KOSPI and KOSDAQ triggering sidecars due to heavy foreign selling.
Memory chipmakers Samsung Electronics and SK hynix plummeted on fears that Meta might reduce AI capex by leasing out excess computing power.
Some experts view the semiconductor drop as an overreaction and a buying opportunity, citing intact AI demand and Nvidia's upcoming Rubin architecture.
Technical analysts warn that KOSPI has broken its 35-day moving average, signaling a potential trend breakdown.
Money is rotating into defensive and undervalued sectors like financials, cosmetics, and entertainment, which boast strong Q2 earnings prospects.
Foreigners were net buyers of specific Q2 earnings plays like KB Financial, Korean Air, and Amorepacific despite the broader market crash.
Investors are advised to take profits on overextended semiconductor equipment stocks and wait for Q2 earnings reports to clarify market direction.

Ideas

Lee Kwon-hee CEO, Economist 47:10

Buy memory chips on overreacted capex fears.

The sharp drop in memory semiconductors is an overreaction to Meta's capex comments and BlackRock's portfolio rebalancing. If AI capex were truly shrinking, Nvidia would have crashed as well. The AI cycle remains intact, making this a buying opportunity for Samsung Electronics and SK hynix in installments.

Kim Jang-yeol Reporter, The Bell 52:51

Buy financials as Korea must raise rates.

Korea will eventually need to raise interest rates to defend the weakening won (KRW/USD approaching 1400). Financial stocks like Shinhan and KB will benefit from higher rates and offer safe-haven dividend yields during market corrections.

Lee Kwon-hee CEO, Economist 56:50

Samsung SDS leads group's AI transformation.

Samsung SDS is leading the AI transformation (AX) within the Samsung Group. The stock has bottomed out and is showing a gradual upward trend, making it a solid AI software play despite broader market volatility.

Lee Kwon-hee CEO, Economist 59:15

Hanmi Pharm undervalued despite strong pipeline cash.

Hanmi Pharm received a 100 billion won contract payment from Eli Lilly for its pipeline. Given its strong pipeline and recent cash inflow, the stock is undervalued and due for a rebound.

Jang Woo-jin Writer 81:48

KOSPI broke 35-day MA; reduce exposure.

The KOSPI and Samsung Electronics have broken below their crucial 35-day moving averages, signaling a potential trend breakdown. Investors should be cautious and consider reducing exposure during technical rebounds.

Jang Woo-jin Writer 93:11

Meta's leasing hurts pure GPU cloud providers.

Meta entering the AI computing lease market will intensify competition and create oversupply, negatively impacting pure-play GPU neo-cloud providers and crypto miners pivoting to AI.

Jang Woo-jin Writer 94:23

AI software benefits from cheaper computing power.

Meta's potential move to lease out excess AI computing power increases supply, which could lower computing costs. This benefits AI software and big tech companies (Amazon, Google, MS) by improving their margins.

Lee Jae-kyu PB Deputy Manager, SK Securities 148:50

Buy deeply undervalued KOSDAQ and entertainment stocks.

KOSDAQ and specific sectors like entertainment (SM, HYBE) are trading at the absolute bottom of their historical P/B and P/E bands. Money will rotate from crowded semiconductors into these deeply undervalued assets.

Yoo Chang-hee CEO 189:19

Buy strong order stocks dragged by market.

Hanwha Ocean and HD Hyundai Electric announced strong orders, but their stock prices were dragged down by the broader market crash. They are prime candidates for a quick rebound once the market stabilizes.

Yoo Chang-hee CEO 203:07

Take profits on front-end semiconductor equipment.

Front-end semiconductor equipment stocks like Eugene Technology have run up significantly. With Samsung and SK hynix struggling to rebound quickly, these equipment stocks could slide, so investors should take 30-50% profits.

Cha Young-joo Director, Wise Economic Research Institute 234:33

Buy Q2 earnings winners bought by foreigners.

Foreigners bought KB Financial, Korean Air, Amorepacific, and HYBE during the market crash because of strong Q2 earnings previews (interest income, cost cuts, export data). These earnings-driven stocks will lead the market.

Cha Young-joo Director, Wise Economic Research Institute 260:54

Hold Samsung SDI; avoid EcoPro BM.

Samsung SDI is expected to turn a profit in Q2 thanks to AMPC subsidies, making it a solid hold. In contrast, EcoPro BM faces uncertainties with its massive rights issue for an Indonesian nickel mine, warranting caution.

Cha Young-joo Director, Wise Economic Research Institute 260:54

Hold Samsung SDI; avoid EcoPro BM.

Samsung SDI is expected to turn a profit in Q2 thanks to AMPC subsidies, making it a solid hold. In contrast, EcoPro BM faces uncertainties with its massive rights issue for an Indonesian nickel mine, warranting caution.

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3PRO TV (삼프로TV) · Jul 02

This 3PRO TV (삼프로TV) video, published July 02, 2026, features Lee Kwon-hee, Kim Jang-yeol, Jang Woo-jin, Lee Jae-kyu, Yoo Chang-hee, Cha Young-joo discussing 005930.KS, 000660.KS, 055550.KS, 105560.KS, 018260.KS, 128940.KS, EWY, Neo-cloud providers, GOOGL, AI software, AMZN, MSFT, 041510.KQ, KOSDAQ, 042660.KS, 267260.KS, 084370.KQ, 090430.KS, 003490.KS, 006400.KS, 247540.KQ. 13 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Kwon-hee, Kim Jang-yeol, Jang Woo-jin, Lee Jae-kyu, Yoo Chang-hee, Cha Young-joo · Tickers: 005930.KS, 000660.KS, 055550.KS, 105560.KS, 018260.KS, 128940.KS, EWY, Neo-cloud providers, GOOGL, AI software, AMZN, MSFT, 041510.KQ, KOSDAQ, 042660.KS, 267260.KS, 084370.KQ, 090430.KS, 003490.KS, 006400.KS, 247540.KQ