If it's ambiguous to sell Hynix and enter other stocks, pay attention to next week's KOSDAQ earnings week | Myeong Min-jun, Park Ga-young, Hwang Yu-hyun, Shinhan Investment Corp. Team Leaders

Summary

Hwang Yu-hyun, Team Leader at Shinhan Investment Corp., reviews the Korean market and notes the worst of the sell-off is passing. He highlights SK Hynix's massive capex plan as a catalyst for semiconductor equipment stocks, sees shipbuilders leading the recovery, and suggests short-term trading in SK Hynix while avoiding long-term bets on renewable energy.

• Market sentiment still fragile but worst of July sell-off is behind; normalization measures appearing.
• SK Hynix in a box range after heavy selling; a technical rebound next week is possible and short-term trading is feasible.
• SK Hynix's 54 trillion won facility investment directly benefits semiconductor equipment and materials (소부장) sector, which is expected to outperform.
• Shipbuilding stocks (Korea Shipbuilding, HD Hyundai Heavy) are the fastest recovering large caps, showing relative strength.
• Biotech names like Alteogen have retraced losses and show improved short-term trends, but still lack a clear catalyst.
• Renewable energy sector judged too difficult for long-term investment; better suited for news-driven trading only.
• Overall strategy: hold large caps like Hynix and Samsung, add 소부장 positions, do not chase overbought rebounds.