Leading Stocks Falling After a Surge: Why Look Again? Signals Appearing in Foreigners' Accumulation Zone
Leading Stocks Falling After a Surge, Why Should We Look Again? Signals Appearing in Foreigners' "Accumulation Zone" | Myeong Min-jun, Seo Su-jin, Lee Ji-hwan [Stock Beginner Rescue Team]
Watch on YouTube ↗
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September 10, 2026 at 13:30
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47:48
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3PRO TV (삼프로TV)
Ideas
Retail selling shifts to foreign accumulation
Lee sees the nearly 20 trillion won of KOSPI selling by retail investors over the previous five sessions as a meaningful supply-demand event. He argues foreign long-term funds, including U.S. pension and passive money, have been accumulating under the surface, and sudden unexplained drops are typical during accumulation phases. This makes the KOSPI supply-demand backdrop supportive rather than bearish.
Semiconductor strength signals limited downside
Even amid three days of U.S. market declines and poor macro headlines, Hynix ADR, Micron Technology, and SanDisk have kept rising. Lee argues that if semiconductor stocks are still pushed upward into the Friday close and U.S. futures/options settlement despite PPI/CPI, the settlement direction is upward and next week's downside for semis is extremely limited. Semis are the core of the AI momentum that has driven the market, so their relative strength is a positive signal.
Ten-year yield spike likely contained
He says the U.S. Treasury buyback was disappointingly small, but he expects it to work because there is no better direct tool available to bring down the 10-year yield. He also argues that 10-year yields near 5% are a psychological resistance similar to USD/KRW 1,500, not automatically a trigger for a financial crisis, and that high long-term yields can simply mean the economy is okay. He is not highly pessimistic about 10-year yield stress.
Bad macro news not crashing US equities
Lee lists three major macro fears: high U.S. Treasury yields, oil near $100 after the Iran-Israel conflict, and yen volatility. He says that if all three were truly gripping the market, U.S. stocks should have crashed. Instead the Nasdaq fell only about 1.2% over three days. He applies his rule that when the market does not fall on bearish factors, it is likely to keep rising, suggesting U.S. equity strength may actually be positive.
Follow Samsung/Hynix surge on accumulation signals
Lee says foreign long-term accumulation is showing up in Samsung Electronics and SK Hynix. The telltale patterns are sudden unexplained drops, large caps rising then closing down to shake out retail, or one-to-two-day surges that prevent retail from chasing. He advises that if SK Hynix or Samsung Electronics surges now, investors should not be scared and should follow somewhat, because the accumulation may already be complete and the move can be upward.
Secondary batteries still lack a bottom
He says Korean secondary battery stocks have already received both price and time corrections, but a bottom has still not been made. Because holders are extremely loyal and keep buying, the normal flush-out that creates a bottom has been delayed, and the sector has inflicted major damage on holders. He views it as an unattractive area.
SK Square lost its investment identity
Lee argues SK Square lost its identity as a semiconductor intermediate holding company. Its plan to vertically integrate SK Hynix-related materials and acquire Japanese suppliers failed; it has been selling key subsidiaries, and the reported alternative is simply building a factory in Japan. From a macro-investing perspective, he cannot buy a company with no clear corporate identity.
This 3PRO TV (삼프로TV) video, published September 10, 2026,
features Lee Ji-hwan
discussing EWY, SMH, MU, U.S. 10-Year Treasury Note, NASDAQ Composite, 005930.KS, 000660.KS, Korean secondary battery stocks, 402340.KS.
7 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Ji-hwan
· Tickers:
EWY,
SMH,
MU,
U.S. 10-Year Treasury Note,
NASDAQ Composite,
005930.KS,
000660.KS,
Korean secondary battery stocks,
402340.KS
