May 4 Closing Market Report: Why the Market Exploded from the Start of May… How Far Will the AI and Semiconductor-Driven Uptrend Go? | Hong Seon-ae, Lee Kwon-hee, Kim Jang-yeol [Closing Bell Live]

[May 4th Closing Market Review] Why the May market started with a surge… How far will the AI and semiconductor-driven rally go? | Hong Seonae, Lee Gwonhui, Kim Jangyeol [Closing Bell Live]
Watch on YouTube ↗  |  May 04, 2026 at 08:14  |  1:09:32  |  3PRO TV (삼프로TV)
Speakers
Kim Jang-yeol — Reporter, The Bell
Lee Kwon-hee — CEO, Economist

Summary

The KOSPI surged over 5% on May 4, driven by Samsung Electronics and SK Hynix after big tech capex confirmations and the launch of foreign direct investment accounts in Korea. Hosts Hong Seon-ae, Lee Kwon-hee, and Kim Jang-yeol discuss the rally's sustainability, highlighting semiconductor and power equipment stocks as key beneficiaries, while cautioning against FOMO and advising patience for non-leaders.

  • KOSPI closed at 6,936, up 5.12%, a record high, with foreign net buying of nearly 4 trillion won.
  • SK Hynix jumped over 12% and Samsung Electronics rose 7%, leading the rally on strong earnings expectations and foreign inflows.
  • Big tech capex commitments (total $750bn) reinforced the demand outlook for memory and semiconductor equipment.
  • Samsung Securities surged 28% as a beneficiary of the new online foreign investment account service.
  • Power equipment stocks like Hyosung Heavy and Sanil Electric continued their uptrend on AI data center electricity demand.
  • Small-cap semiconductor equipment names (Oros Technology, Qualitas) moved on turnaround hopes with limited analyst coverage.
  • Speakers advised holding semiconductor leaders and not chasing short-term momentum in laggards.
  • A potential future risk was flagged: if big tech signals capex moderation, it would be a sell signal.
Trade Ideas
Kim Jang-yeol Reporter, The Bell 4:36
Undervalued with strong earnings and foreign inflows.
SK Hynix is undervalued with strong earnings growth (analyst target 230,000 won) and forward P/E near 5x. Foreign buying via new direct investment accounts and robust HBM demand provide further upside. The stock should be held for the long term and bought on dips.
000660.KS HIGH
Kim Jang-yeol Reporter, The Bell 4:45
Undervalued, labor issue temporary, foreign buying.
Samsung Electronics is undervalued relative to its earnings power (analyst target 360,000 won) and benefits from big tech capex not being cut. The labor union issue is temporary and should not derail the investment thesis. Foreign inflows and the opening of direct trading accounts support further gains.
005930.KS HIGH
Lee Kwon-hee CEO, Economist 5:12
Beneficiary of foreign account openings.
Samsung Securities is a direct beneficiary of the new foreign direct investment account opening service that went live on May 4. The stock surged 28% on the day and further inflows are expected as more brokers join.
016360.KS MED
Kim Jang-yeol Reporter, The Bell 40:24
Turnaround potential with HBM catalysts.
Small-cap semiconductor equipment stocks like Oros Technology and Qualitas Semiconductor have turnaround potential with low analyst coverage. Catalysts include HBM-related orders and silicon photonics developments. The stocks are still cheap on forward earnings after recent rises.
322310.KQ 432720.KQ MED
Kim Jang-yeol Reporter, The Bell 48:01
AI demand drives infrastructure stock momentum.
Power equipment stocks (Hyosung Heavy Industries, Sanil Electric, LS Electric) are in a strong uptrend driven by AI data center electricity demand. Despite recent gains, they remain cheap relative to LS Electric's 70-80x P/E. Hold until the trend breaks.
012450.KS 010120.KS 062040.KS MED
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This 3PRO TV (삼프로TV) video, published May 04, 2026, features Kim Jang-yeol, Lee Kwon-hee discussing 000660.KS, 005930.KS, 016360.KS, 322310.KQ, 432720.KQ, 012450.KS, 010120.KS, 062040.KS. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jang-yeol, Lee Kwon-hee  · Tickers: 000660.KS, 005930.KS, 016360.KS, 322310.KQ, 432720.KQ, 012450.KS, 010120.KS, 062040.KS