Stock Market Plunges Over 5%... Exchange Rate Enters 1,300 Won Range for the First Time in 10.5 Months
[26.08.19 오후 방송 전체보기] 증시 5%대 폭락...10개월 반 만에 환율 1,300원 대 진입
Спикеры
Lee Kwon-hee
— Генеральный директор, экономист
Jang Woo-jin
— Writer
Park Byeong-chang
— Директор, MP Partners
Choi Young-joo
— Director
Yu Ri-pro
— Аналитик
Song Jaekyung
— Генеральный директор
The Korean stock market experienced a significant plunge, driven by macroeconomic fears including rising global bond yields and concerns over the unwinding of the yen carry trade. However, SK hynix's surprise announcement of a massive share cancellation provided a strong after-hours rebound, offering a glimmer of hope for the semiconductor sector. Analysts remain cautiously optimistic about the long-term prospects of AI and memory chips, provided that companies can prove their profitability and navigate the high-interest-rate environment.
- KOSPI dropped over 5% due to rising global bond yields and yen carry trade unwinding fears.
- SK hynix announced a massive share cancellation, boosting after-hours sentiment.
- Experts advise keeping memory large-caps as core holdings while trading semiconductor equipment cautiously.
- Korean biotech stocks are highlighted for their strong seasonality, with catalysts expected in the winter.
- US Big Tech fundamentals remain strong despite rising CDS premiums and borrowing costs.
- The S&P 500 shows exceptional strength for a mid-term election year, supported by upward earnings revisions.
Идеи
US Army testing K9 howitzers is highly positive.
The US Army testing Hanwha Aerospace's K9 self-propelled howitzers is highly meaningful as it marks the entry into the US market, which sets the standard for Western weapons. With the US M1A1 Abrams seen as inefficient, this opens significant doors for Korean defense products.
Defended support level; Enhertu expansion is positive.
Alteogen successfully defended the 300,000 won support level despite the broader market crash. The expansion of indications for Enhertu (ADC) is entirely positive for Alteogen, which provides the underlying ADC technology.
Overly corrected; expected to recover to 50,000 won.
HPSP was overly corrected and is now bouncing back with a strong bullish candle. The usage of its equipment will increase, and the stock is expected to recover to the 50,000 won level.
Valuation burden eased; attractive for bargain hunting.
ISC's valuation burden has eased significantly, with its 12-month forward P/E dropping below 30x from a peak of 60x. With rising guidance and a deep price correction, it is attractive for bargain hunting, targeting a rebound to 190,000 won.
Buy biotech in summer for winter catalysts.
Korean biotech stocks exhibit strong seasonality: buy in summer and sell in winter. Major catalysts and clinical results from global conferences typically emerge from September through winter, making the sector attractive to accumulate now.
Long-term robotics potential but short-term strike risks.
Hyundai Motor has long-term growth potential driven by robotics (Boston Dynamics) and is undervalued compared to Chinese robotics peers like Unitree. However, short-term risks exist due to the upcoming union strike and wage negotiations, which could hurt margins.
Buy resilient KOSDAQ stocks on market dips.
The recent market plunge was driven by macro factors rather than fundamental issues. KOSDAQ stocks that showed strong resilience and doubled during the recent bounce are excellent candidates for buy-on-dips to capture short-term trading profits.
Massive share cancellation provides strong downside support.
Foreign investors are hesitant to buy SK hynix because earnings estimates have flattened. However, SK hynix's commitment to return at least 50% of FCF to shareholders provides a strong floor, making it uncomfortable to short. Long-term prospects remain positive if they can prove profitability through Long-Term Agreements (LTA).
Big Tech fundamentals strong despite rising borrowing costs.
Despite rising CDS premiums and borrowing costs for US Big Tech companies, their fundamentals remain strong, and they have not faced credit downgrades or funding failures. Investors should hold these stocks but monitor closely for any signs of actual funding failures.
Keep memory large-caps as core; trade equipment cautiously.
Semiconductor equipment stocks offer good alpha potential, but they require Samsung Electronics and SK hynix to hold steady. Due to high volatility and the difficulty for retail investors to size up positions, it is better to keep memory large-caps as the core portfolio and only trade equipment stocks if you have strong conviction.
Strong earnings revisions support S&P 500 optimism.
The S&P 500 is showing exceptionally strong performance for a mid-term election year, driven by massive upward revisions in earnings estimates. While rising long-term Treasury yields pose a risk, the strong fundamentals of AI and Big Tech companies justify an optimistic stance, though investors should remain vigilant.
Далее
This 3PRO TV (삼프로TV) video, published August 19, 2026, features Lee Kwon-hee, Jang Woo-jin, Park Byeong-chang, Choi Young-joo, Yu Ri-pro, Song Jaekyung discussing 012450.KS, 196170.KQ, 403870.KQ, 095340.KQ, Korean Biotech, 005380.KS, KOSDAQ, 000660.KS, US Big Tech, SMH, SPY. 11 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Lee Kwon-hee, Jang Woo-jin, Park Byeong-chang, Choi Young-joo, Yu Ri-pro, Song Jaekyung · Tickers: 012450.KS, 196170.KQ, 403870.KQ, 095340.KQ, Korean Biotech, 005380.KS, KOSDAQ, 000660.KS, US Big Tech, SMH, SPY