[June 2nd Closing Market Review] Volatility is unavoidable. Now is the time to create cash and ride the market trend | Hong Seonae, Lee Gwonhui, Kim Jangyeol [Closing Bell Live]

Summary

The June 2 KOSPI trading session was highly volatile, driven by heavy foreign selling (~8 trillion won) attributed to Space X IPO preparation and portfolio rebalancing, offset by individual buying. Samsung Electronics and SK Hynix remained core market leaders with a valuation gap supporting Samsung. Naver surged on Jensen Huang partnership hints, while KOSDAQ hit extreme bearish levels (ADR 46) suggesting a near-term bounce. Broadcom earnings next week could further influence AI-related supply chain stocks.

• Foreign investors sold nearly 8 trillion won in KOSPI, likely for Space X IPO cash raising and hedging.
• Samsung Electronics rose 3.3% on valuation gap narrowing prospects against SK Hynix.
• Naver gained strong momentum after Huang's slide hinted at Nvidia-Naver cloud partnership.
• KOSDAQ ADR dropped to 46, near historical lows, signaling a potential bounce.
• SK Square rallied as a cheap proxy for SK Hynix stake at a 51.5% discount.
• Substrate (PCB) and network-related stocks were mentioned as beneficiaries of AI infrastructure demand.
• Market focus remains on Jensen Huang's Korea visit and its impact on local AI plays.
• Volatility is expected to continue, but medium-term bullish on leading semiconductor names.