Foreigners Keep Selling Samsung Electronics and SK Hynix, Their True Intention Is 'This' / Will KOSDAQ Sink Like This? | Director Lee Young-hoon

Summary

Director Lee Young-hoon discusses extreme market concentration in semiconductor stocks (Samsung Electronics, SK Hynix) driven by retail FOMO and leveraged ETFs. He remains long those but expects a correction before foreign buyers return. He finds opportunity in overlooked shipbuilding stocks like HD Hyundai Heavy Industries and watches KOSDAQ large-cap biotech Alteogen for a bottom.

• MSCI rebalancing ended with foreign selling of Samsung and SK Hynix but prices rose on retail buying.
• Market is extremely narrow, led by semiconductors and humanoid robot themes; quality is poor.
• Lee holds Samsung and SK Hynix long-term but is not adding near the top; he waits for a pullback.
• Foreign selling is partly attributed to rebalancing and preparing for SpaceX IPO.
• Shipbuilding sector, especially HD Hyundai Heavy Industries, has catalysts from US Navy and AI data center engine orders.
• Alteogen shows signs of bottoming with institutional accumulation and resolved patent issues.
• KOSDAQ weakness is expected to persist until a major catalyst emerges; large-cap quality stocks may rebound first.
• Government small/mid-cap measures are unlikely to provide immediate relief.