Strong Rebound Coming After September Volatility — Market Changes More Important Than Oil Prices and Interest Rates

Summary

The panel reviews August's sharp intraday volatility and late-month rebound in Korean equities, with Yu Chang-hui expecting a limited September recovery to KOSPI 7,500 and KOSDAQ 920. He sees semiconductors, especially memory names, as key catalysts around Broadcom and Micron earnings, and favors battery value-chain names like Samsung SDI, POSCO Future M, and L&F. Seo Su-jin also discloses buying Doosan Enerbility on the AI power theme. Key risks are oil approaching $90 and rising Treasury yields, but the panel largely advises patience over panic.

• August ended with a sharp intraday reversal and a positive monthly close.
• Yu scored August 65/100 and sees September as an 80/100 month.
• KOSPI support around 6,400 and KOSDAQ 700-780 are key technical levels.
• Semiconductor catalysts include Broadcom earnings, Micron earnings, and rising memory prices.
• Battery value chain names Samsung SDI, POSCO Future M, and L&F are turning positive.
• Doosan Enerbility is supported by AI data center power demand.
• Oil threatening $90 and Treasury yields are key risk points to monitor.