Even if it rebounds again... can it break through the previous high? | Lee Jieun, Aegis Stock CEO [Double Check]

Summary

Lee Jieun, CEO of Aegis Stock, discusses the sharp Korean market sell-off and outlines her views on key stocks. She argues the AI-driven semiconductor upcycle is structurally intact, favoring long-term accumulation of Samsung Electronics and SK Hynix. She recommends holding Samsung Electro-Mechanics on supply shortages and watching Hanmi Vision for order catalysts. The program also previews upcoming Big Tech earnings as a critical market catalyst.

• KOSPI bounced from 120-day moving average support on July 14; a break below that level would confirm a technical bear market.
• Retail investor psychology is severely damaged after steep declines, making sustained rebounds more difficult.
• Lee Jieun believes the AI semiconductor cycle is a paradigm shift, unlike past liquidity-driven bubbles, and current prices offer accumulation opportunity.
• Samsung Electro-Mechanics benefits from MLCC/FCBGA supply shortages until 2027 and held key support, making it a hold.
• Hanmi Vision has limited downside but needs new orders to regain momentum and close the gap with Hanmi Semiconductor.
• Upcoming Big Tech earnings (Alphabet, etc.) will decide whether the market reversal can become a sustained uptrend.
• Foreign inflows and institutional buying may cushion the market if fundamentals remain strong.