Foreigners sell 8.2 trillion won... If we just hold out until tomorrow, we'll smile: Reason for KOSDAQ stock price surge / SK Hynix, if it reaches 'this price' tomorrow, it's a buying opportunity | Hwang Yuhyun Team Leader

Summary

On June 29, while KOSPI was weak, KOSDAQ surged 8% driven by short covering and thin liquidity. Hwang Yuhyun explains that heavy foreign selling is mechanical end-of-half rebalancing that will finish tomorrow. He provides specific dip-buying levels for SK Hynix and Samsung Electronics, highlights semiconductor equipment stocks as strong relative plays, and notes bottoming signals in biotech, consumer/cosmetics, and shipbuilding sectors for potential July recovery.

• KOSDAQ jumped 8% on short covering and thin liquidity, but the sustainability is uncertain.
• Heavy foreign selling (8.3 trillion won) is end-of-half rebalancing that ends tomorrow, after which selling pressure should abate.
• SK Hynix is a high-conviction buy if it dips to around 240,000 KRW (20% correction), based on AI memory demand and strong fundamentals.
• Samsung Electronics may also offer a buying opportunity near 300,000 KRW on a 20% correction.
• Semiconductor equipment/material stocks (Doosan Tesna, PSK, Jusung, Wonik IPS, Eugene Tech, VM) are showing relative strength and are poised to lead in July as investment spending continues.
• Samsung Electro-Mechanics is holding up well and is worth watching for a potential breakout.
• Biotech, consumer/cosmetics, and shipbuilding stocks are showing bottom volume and could recover in July if large-cap tech does not immediately recapture all liquidity.
• The semiconductor price-fixing lawsuit is dismissed as noise, and the overall message is to endure one more day of rebalancing before buying opportunities emerge.