300,000 Electronics, 2,500,000 Hynix Finally Broken! Should We Consider Further Declines?

Summary

KOSPI plunged nearly 6% and KOSDAQ nearly 5% as Samsung Electronics and SK Hynix broke key price levels. Guest Department Head Park Ji-hoon from NH Investment & Securities explains that foreign investors are uneasy about government-led semiconductor capex and profit‑taking, while demand sustainability remains intact. He advises waiting for Samsung's July 7 earnings before buying memory chips, buying transformer stocks on dips, rotating into KOSDAQ biotech, and expects KOSDAQ to form higher lows.

• KOSPI (-5.97%) and KOSDAQ (-4.88%) fell sharply on heavy foreign selling of Samsung Electronics and SK Hynix.
• Park Ji-hoon sees the sell‑off driven by foreign discomfort with government‑led semiconductor investment plans and profit‑taking, not weakening demand.
• On memory chips, he wants to wait for Samsung's July 7 earnings and US stability before turning bullish; he expects a buying opportunity later.
• Transformer stocks LS Electric and HD Hyundai Electric are a high‑conviction buy on dips, with strong earnings and a potential tariff catalyst.
• Money is rotating into KOSDAQ biotech names like Alteogen, ABL Bio, and Pharmarise, which are showing resilience and better valuations.
• Park believes KOSDAQ has formed a bottom and will start making higher lows, presenting a constructive index view.
• He suggests avoiding high‑valuation semiconductor equipment stocks and sticking to value and sensible sector selection in July.