Foreigners Dumped 48 Trillion in 9 Days, The Hidden Reason – Stock Plunge's End in Sight, Korean Market Won't Collapse Like This

Summary

Manager Park Hyun-sang analyzes the sharp foreign sell-off in Korean equities, attributing it to mechanical factors (Space X IPO, ETF rebalancing) rather than fundamental deterioration. He remains bullish on Samsung Electronics and SK hynix due to strong AI-driven earnings and structural growth, and sees defense stocks as a potential bounce candidate at support levels. The overall market is viewed as undergoing a correction, not a trend change.

• Foreigners sold 48 trillion won in 9 days, mostly for non-fundamental reasons (Space X IPO, passive fund rebalancing).
• Samsung Electronics and SK hynix have strong earnings and are structural growth plays, not cyclical, making dips buyable.
• Defense stocks have fallen to box-bottom support and may attract institutional buying.
• Mechanical selling has hit many high-flying stocks indiscriminately, creating opportunities in fundamentally solid names.
• The broader KOSPI correction is normal (10% from highs) and not the end of the uptrend.
• NVIDIA earnings this week could be a catalyst, but profit-taking after strong runs remains a risk.
• Investors should avoid chasing rallies and instead accumulate on dips with a long-term view.