Korean Stock Market Manipulated by 5 Trillion Foreign Futures... KOSPI, 1 Upside Scenario | CEO Lee Kwon-hee

Korean Stock Market Manipulated by 5 Trillion Foreign Futures... KOSPI, 1 Upside Scenario | CEO Lee Gwon-hee

Смотреть на YouTube ↗ | 06 августа 2026, 04:15 | 19:55 | 815 Money Talk (815머니톡)

Спикеры

Lee Kwon-hee — Генеральный директор, экономист

CEO Lee Kwon-hee analyzes a KOSPI market dominated by foreign futures flows, expecting large-cap semiconductor names Samsung and SK Hynix to stay sluggish while mid/small caps and KOSDAQ outperform. He highlights Korea Zinc on record earnings and cheap valuation, favors Samsung over Hynix near-term on shareholder policy divergence, and turns bullish on copper and memory semiconductors on AI-driven shortages and exhaustion of bad news. - KOSPI is heavily influenced by 5 trillion won foreign futures short-term trading, causing violent volatility. - Samsung Electronics and SK Hynix are expected to move slowly as break-even selling pressure persists. - Rotation trade favors KOSDAQ and mid-cap stocks over large-cap semiconductors. - Korea Zinc posted record first-half operating profit with attractive valuation and upside potential. - Samsung's faster shareholder return announcement could attract funds, while SK Hynix's silence disappoints. - Copper faces a structural shortage driven by massive AI data center demand. - Memory semiconductor shortage is seen continuing, and the sector may rebound as negative news is exhausted.

Идеи

Lee Kwon-hee Генеральный директор, экономист 2:10

Mid/small caps to outperform large semis.

With Samsung Electronics and SK Hynix expected to move slowly near-term as many investors look to sell on break-even, institutional and retail money will chase yield in smaller names, making mid/small-cap stocks and KOSDAQ likely outperform large-cap semiconductors.

Lee Kwon-hee Генеральный директор, экономист 2:32

Record earnings, cheap valuation, upside potential.

Samsung Electronics is expected to announce its shareholder return policy sooner than SK Hynix, attracting fund flows to Samsung, while Hynix disappointed by not announcing, making Samsung the preferred semiconductor large-cap near-term.

Lee Kwon-hee Генеральный директор, экономист 8:17

Disappointment on shareholder return, avoid.

SK Hynix failed to deliver the expected shareholder return announcement after SEC regulations ended, causing disappointment and selling pressure; combined with Samsung's clearer policy, Hynix looks unattractive near-term.

Lee Kwon-hee Генеральный директор, экономист 17:20

Copper shortage from AI data center demand.

AI data center construction consumes massive amounts of copper (5,000 tons per data center), driving a severe structural shortage; this raw-material demand shock will intensify competition and keep copper scarce.

Lee Kwon-hee Генеральный директор, экономист 19:33

Memory shortage persists, bad news exhausted, rebound.

Memory reporting is nearly done and the consensus, including Goldman Sachs, sees the shortage persisting into 2031; with bad news fully priced, semiconductor stocks are poised to rebound as the prior negativity gets reversed.