RealMarket: Naver, Samsung Electronics, SK Hynix... AI Boom Hit, So Why Did Foreigners Massively Sell? / 3.5 Trillion Won Suspicious Foreigners' Spot & Futures Co-Selling (Stock Crash) CEO Lee Kwon-hee

Summary

CEO Lee Kwon-hee reviews a volatile session where KOSPI and KOSDAQ ended higher despite heavy foreign selling. He explains the foreign exodus as related to CXMT's IPO surge and event-driven cash-raising. Key stock-specific takeaways include Hyundai Rotem's earnings miss hurting defense, SK Eternix as oversold, Naver as the clearest AI winner from Nvidia's investment, and a positive bias on Samsung/SK Hynix due to strong DRAM demand. He also highlights selective opportunities in robotics, entertainment, and cosmetics, while cautioning about high rates and advising moderate position sizing.

• KOSPI and KOSDAQ closed up 0.97% and 2.2% respectively, recovering from an intraday sell-off driven by CXMT listing jitters and foreign futures selling.
• Foreigners sold nearly 3 trillion won in spot and 550 billion won in futures, partly to raise cash ahead of a heavy event week, while retail investors stepped in with over 2 trillion won of buying.
• Hyundai Rotem missed Q2 earnings expectations by ~14%, causing a sharp decline that spilled over into other defense stocks like Hanwha Aerospace, LIG Nex1, and KAI.
• SK Eternix fell sharply on institutional profit-taking but Lee views the drop as overdone given the genuine data center power supply catalyst; foreigners bought the dip.
• Naver rallied on news of a $1 billion equity stake from Nvidia and a $9 billion Brookfield data center SPC, positioning it as the most concrete AI beneficiary in Korea.
• Samsung Electronics and SK Hynix are supported by strong TrendForce DRAM forecasts that can offset NAND weakness; CXMT's overvaluation limits its competitive threat.
• Robotics names Rainbow Robotics (Samsung RX partner) and Robotis (Tesla/LG ties) are favored over thematic plays; entertainment stocks like Hive and SM are oversold and eyeing a Q2 earnings turnaround.
• Lee recommends keeping positions in high-conviction names like Naver and Hyundai Motor to around 10% each, and stresses that US long-term yields must fall for a sustained market rally.