Irrational market crash…What's the response strategy?
Irrational market crash…What's the response strategy? | Kim Jong-mun, Lee Chang-hwi, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
Speakers
Kim Jong-mun
— Director
Lee Chang-hwi
— Director, NH Investment & Securities
Summary
The episode discusses the irrational crash in Korean markets with Kim Jong-mun defending memory chip leaders Samsung and SK Hynix as a buying opportunity, while Lee Chang-hwi presents step-down ELS as a safer income alternative linked to the same stocks.
- KOSPI plunges over 8% triggering a circuit breaker amid panic selling.
- Kim Jong-mun attributes the crash to leverage-driven forced selling, not fundamentals.
- Chinese CXMT listing and fears are dismissed as overblown given technology gap and earnings power.
- Samsung and SK Hynix earnings remain robust, with AI and physical AI driving long-term memory demand.
- Kim urges investors not to sell and sees current valuations as an extreme buying zone.
- Lee Chang-hwi introduces step-down ELS with Samsung/SK Hynix as underlyings offering up to 27% annual yield.
- The ELS knock-in barriers have improved to 25-35%, making them safer for yield-seeking investors.
- The hosts close by advising investors to avoid panic and consider long-term fundamentals.
Ideas
Buy Samsung and SK Hynix on dip.
Korean memory semiconductor stocks Samsung Electronics and SK Hynix are fundamentally strong with massive earnings, AI and physical AI demand continue to drive memory consumption, China's CXMT is overvalued and the technology gap persists, and the sell-off is driven by leverage and irrational fear, making current valuations an extreme buying opportunity.
Buy Samsung and SK Hynix on dip.
Step-down ELS with Samsung Electronics and SK Hynix as underlying assets offer high coupon yields of up to 27% per annum with knock-in barriers as low as 25-35%, providing a way to earn yield with downside protection. Given the strong fundamentals and low probability of these mega-cap stocks falling 65-75%, this is an attractive alternative to direct stock investment for risk-averse investors seeking yield.
Up Next
This 3PRO TV (삼프로TV) video, published July 28, 2026, features Kim Jong-mun discussing 005930.KS, 000660.KS. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Kim Jong-mun · Tickers: 005930.KS, 000660.KS