July 1 Afternoon Broadcast Full View: Happy 30th Anniversary KOSDAQ! Red Light on Birthday? Keep Running in the Second Half~!

Summary

On KOSDAQ's 30th anniversary, the KOSPI fell while KOSDAQ gained as Samsung Electronics and SK Hynix declined sharply, sparking rotation into power equipment, renewables, shipbuilding and defense. Lee Kwon-hee views the semiconductor pullback as a healthy consolidation within a multi-year AI capex super cycle, urging investors to buy Samsung and SK Hynix on dips. He also highlights a 10-year equipment cycle, a breakout in Isu Petasys, and a structural upturn in power grid and renewables. Cha Young-joo advises avoiding EcoPro BM after its rights issue and waiting for a clearer catalyst in Hyundai Motor. Song Jae-kyung warns that extreme leverage and depleted cash buffers raise the risk of violent market dislocations. Overall, the panel sees broadening market participation but cautions on near-term volatility.

• KOSPI down 2% while KOSDAQ up 1.4% on the 30th anniversary; Samsung Electronics dropped 5.8%, SK Hynix 3.4%.
• Power equipment, renewables, shipbuilding, and defense stocks rallied on infrastructure demand and policy tailwinds.
• Lee Kwon-hee: AI semiconductor super cycle intact; buy Samsung and SK Hynix on dips; sees 800k-1M won long-term.
• Lee Kwon-hee: Semiconductor front-end equipment entering a decade-long capex cycle (Jusung Engineering, Eugene Tech, PSK).
• Lee Kwon-hee: Isu Petasys breaks key resistance, valuation attractive; strong institutional buying.
• Lee Kwon-hee: Renewables benefiting from Korea's 90GW solar plan (OCI Holdings, HD Hyundai Energy, SK Eternix, BH).
• Cha Young-joo: EcoPro BM avoid due to dilutive rights offering; Hyundai Motor wait for robot catalyst.
• Song Jae-kyung: Leverage ETFs surged 6x, V-KOSPI at record, cash buffers depleted, raising vulnerability.