Even with share buybacks, the market is plummeting... Is the bull market over? / Why it's too early to sell Samsung Electronics and SK Hynix now | The Premier CEO Kang Gwan-woo

[#Emergency Interview] Even with share buybacks, the market is plummeting… Is the bull market over? / Why it's too early to sell Samjeon·SK Hynix now | The Premier CEO Kang Gwan-woo
Watch on YouTube ↗  |  September 02, 2026 at 08:00  |  25:52  |  815 Money Talk (815머니톡)
Speakers
Kang Gwan-woo — CEO

Summary

The Premier CEO Kang Gwan-woo discusses the post-Jackson Hole rate scare, September FOMC repricing, Treasury buyback, yen-carry unwind fears, foreign futures positioning, and Samsung Electronics/SK Hynix valuation. He argues the correction has already priced much of the bad news, so investors should stay exposed while managing volatility. He focuses on rates and oil as the two key September variables.

  • September rate hike odds jumped to 67%, making rates the main market overhang.
  • Kang sees Korean valuations as bottoming and says it is too early to sell KOSPI/KOSDAQ broadly.
  • The U.S. Treasury buyback starting September 9 may stabilize long-end yields.
  • Foreigners are selling cash equities but accumulating KOSPI futures, a potential upside signal.
  • Samsung Electronics and SK Hynix are underpinned by the memory supercycle and 8-10% shareholder return yields.
  • He advises avoiding single-stock leveraged ETFs due to volatility decay.
  • Oil and U.S.-Iran talks are key near-term volatility drivers.
Ideas
Kang Gwan-woo CEO 2:30
Stay invested through volatility
After the July correction and rebound, Korean equities are being hit again by U.S. rate-hike odds and macro noise. Kang argues valuations are in a bottom zone, bad news is already substantially reflected, and selling now would be too costly; he advises staying invested, paying the 'volatility admission fee,' and making mechanical periodic purchases using spare funds. September FOMC resolution and U.S. midterm election patterns may support a recovery.
EWY KOSDAQ HIGH
Kang Gwan-woo CEO 3:55
Treasury buyback should stabilize long yields
The U.S. Treasury starts buybacks on September 9, which should at least temporarily stabilize or pull down surging long-end Treasury yields. Kang sees this as a near-term catalyst and suspects foreign investors are positioning for it; lower yields would ease discount-rate pressure on equities.
TLT MED
Kang Gwan-woo CEO 11:22
Watch foreign KOSPI futures positioning
Even while foreign investors sold Korean cash equities heavily, they built roughly 4 trillion won in net long KOSPI futures, indicating positioning for upside. With foreigners controlling 60-65% of futures trading, Kang says investors should closely watch futures as a leading signal for the Korean market.
KOSPI 200 futures MED
Kang Gwan-woo CEO 18:26
Hold Samsung and SK Hynix
Kang thinks it is too late to dump Samsung Electronics and SK Hynix at current levels. He sees memory makers entering a supercycle as NVIDIA's solid earnings, capex, and AI server price hikes flow through. He expects 2027 operating profit for both to grow around 40%, and with 50% of surplus cash returned to shareholders, current prices imply 8-10% shareholder return yield. He says to view them as a mix of growth and shareholder-return stocks rather than just growth stocks.
005930.KS 000660.KS HIGH
Kang Gwan-woo CEO 19:45
Avoid single-stock leveraged ETFs
Kang says the Samsung Electronics and SK Hynix single-stock leveraged ETFs were never investment products but speculative products. Even after margin rules cut trading volume, volatility decay and compounding continue; when the underlying fell 14%, the leveraged product lost over 40%, and a 19% Hynix decline produced over 50% losses. He warns against holding these structures.
Samsung Electronics single-stock leveraged ETF SK Hynix single-stock leveraged ETF HIGH
Kang Gwan-woo CEO 24:15
Watch oil as volatility driver
Kang identifies oil as one of the two key indicators to watch in September. Recent volatility often spikes on U.S.-Iran and Middle East developments; with U.S. gasoline above $4, high oil prices keep inflation pressure on the Fed and create political risk for Trump ahead of the midterms. He advises monitoring U.S.-Iran negotiation direction and oil-driven volatility when managing risk.
WTI MED
Up Next
1:10:51
[September 2nd Closing Market Conditions] Three Bad Omens Hit the Market…September with Dried Up Trading Volume, Now We Must Wait | Hong Seonae, Lee Gwonhui, Jang Woojin [Closing Bell Live]
3PRO TV (삼프로TV) · Sep 02
3:22
Energy Angst to Keep Pushing Yields Higher: 3-Minutes MLIV
Bloomberg Markets · Sep 02
20:31
Samsung Electronics raised and SK Hynix lowered… The decisive reason for the split target price / The next sector for semiconductor stock price increase | LS Securities Shin Jun-ho Center Head
815 Money Talk (815머니톡) · Sep 02
1:59
Mention Market Heat 9/2/26
CNBC · Sep 02
46:04
US Strikes Iran as Tehran Hits US Bases Across Gulf | Horizons Middle East & Africa 9/2/2026
Bloomberg Markets · Sep 02

This 815 Money Talk (815머니톡) video, published September 02, 2026, features Kang Gwan-woo discussing EWY, KOSDAQ, TLT, KOSPI 200 futures, 005930.KS, 000660.KS, Samsung Electronics single-stock leveraged ETF, SK Hynix single-stock leveraged ETF, WTI. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kang Gwan-woo  · Tickers: EWY, KOSDAQ, TLT, KOSPI 200 futures, 005930.KS, 000660.KS, Samsung Electronics single-stock leveraged ETF, SK Hynix single-stock leveraged ETF, WTI