KOSPI Plunges, Even 7,000 Points Are Precarious... Domestic Stock Market Falls into Volatility Swamp Due to Semiconductor Adjustment and Middle East Instability

Summary

The broadcast discusses the severe KOSPI decline amid semiconductor sector adjustments and Middle East instability, with a Friday relief rally that left many disappointed. Experts debate whether the semiconductor cycle has peaked, the impact of SK Hynix's ADR listing, leverage ETF distortions, and potential rotation opportunities. Key investment views converge on bullish theses for Samsung Electronics, SK Hynix at depressed valuations, Korean semiconductor equipment stocks, an oversold KOSDAQ bounce, and select shipbuilder names, while warning against troubled biotech firms HLB and Pepron.

• KOSPI plunged to the 7,400s, pressured by semiconductor fears and geopolitical risks.
• SK Hynix ADR listing creates near-term uncertainty but the stock is viewed as very cheap vs. Micron.
• Samsung Electronics is seen near a technical bottom with a rational floor around 28–29만원.
• Semiconductor equipment stocks (PSK, Tes, Wonik IPS) are expected to rebound strongly on capex expansion.
• KOSDAQ is deeply oversold; tightening of leveraged ETF rules could redirect funds and spark a rally.
• Shipbuilders like HD Hyundai Heavy Industries have fallen sharply and are flagged as buying opportunities.
• Biotech disasters HLB and Pepron should be avoided; safe alternatives are Samsung Biologics and Celltrion.
• Foreign selling of Korean equities may be near exhaustion, and won appreciation could trigger a second leg up.
• Micron is highlighted as a potential mega-cap outperformer if AI memory demand holds.
• Overall, the market is seen in a correction within an ongoing AI cycle, not a bear market.