Why KOSDAQ Is Not Falling to Its Previous Low | Chesley Investment Advisory Executive Director Park Se-ik

Park Se-ik argues that KOSDAQ is unlikely to break its late-July low and should rally strongly from year-end into next year after a choppy two to two-and-a-half month period. He emphasizes buying quality stocks during panic selloffs and maintaining patience through volatility. He also discusses China exposure, saying Chinese equities are attractive due to high ROE, low valuations, and shareholder returns, but stock picking is essential because broad Chinese index returns can be poor. - KOSDAQ is expected to avoid a V-shaped rebound and may pull back once more, but the late-July low should hold. - Buyers are waiting and KOSDAQ is seen rallying strongly from year-end into next year after about two to two-and-a-half months. - Quality stocks are described as bargain-sale opportunities during difficult markets and tend to recover prior highs. - Volatility is viewed as a mechanism that shakes out weak hands; patience is required for stock profits. - Chinese equities are described as attractive due to high ROE, low valuations, and high shareholder returns. - Government-linked capital supports Chinese companies through dividends and buybacks rather than real estate. - Stock picking is critical for Chinese exposure because broad Chinese index performance has historically been poor. - Chesley's Korea-China-US Focus fund holds about 20% Chinese stocks.