Why 'SK Hynix 2 million won, Samsung Electronics 260,000 won' are key prices | Ha Chang-wan, CEO of Habono's Stock Story [Double Check]

Summary

Ha Chang-wan, CEO of Habono's Stock Story, advises caution in the Korean market due to weak foreign futures supply and elevated put option positioning. He highlights key price levels for Samsung Electronics (272,000 won) and SK Hynix (2,000,000 won) as triggers for a potential trend change and points to Korean power transformer stocks as undervalued relative to US peers amid AI infrastructure demand. Korean AI software names are rallying on strong US momentum, but overall, he suggests waiting for supply/demand improvement around the weekly options expiration before committing.

• Korean market faces pressure from large foreign futures selling and high put/call ratios, requiring careful monitoring of supply and demand.
• Samsung Electronics must break above 272,000 won and hold 262,000 won; SK Hynix needs 2,000,000 won and 1,720,000 won for trend reversals.
• Korean power transformer stocks offer a relative value play as US peers hit all-time highs driven by AI data center infrastructure and limited global supply of ultra-high voltage transformers.
• AI software stocks (Saltlux, Konan Technology, Selvas AI) are gaining on strong US cloud and AI momentum, viewed as short-term thematic trades.
• Energy and optical communication stocks are also mirroring US strength but lack a differentiated edge.
• Until foreign and institutional flows return, the market is likely to stay range-bound, with the coming Thursday/Friday options expiry as a potential catalyst.