90% of KOSPI trading volume concentrated in 7 stocks… Extreme concentration created by 2x ETFs "Repeated surges and crashes in large-cap stocks" | CEO Lee Ju-hyun

Summary

KOSPI is in a downtrend with 90% of trading volume concentrated in seven AI-related large-cap stocks due to leveraged ETFs. CEO Lee Ju-hyun advises focusing on Samsung Electronics and SK hynix, buying on dips with dollar-cost averaging, while raising cash. Securities stocks benefit from surging brokerage commissions, and bank stocks reflect global rate hikes. Korean biotech remains weak and should be avoided until a clear uptrend emerges.

• 90% of KOSPI trading volume is concentrated in seven AI-related large-cap stocks driven by 2x ETF products.
• Lee Ju-hyun recommends buying Samsung Electronics and SK hynix on dips using dollar-cost averaging.
• Securities stocks such as NH Investment & Securities are strong on exploding ETF-driven trading commissions and solid Q2 earnings expectations.
• Bank stocks are supported by global rate hike trends and improving margins, mirroring US bank strength.
• Korean healthcare/biotech is not following the US healthcare rally; it remains vulnerable and should be avoided until a clear uptrend is established.
• Construction stocks show only short-term thematic rotation and are not a sustainable investment opportunity.
• Market volatility remains elevated, and cash positions should be increased to manage risk.