At times like this, stay alert and walk towards the right answer | Kim Min-soo, Lemon Research CEO

Summary

Kim Min-soo, CEO of Lemon Research, argues that AI hardware and semiconductor stocks remain the market's 'answer sheet' despite widespread weakness in other sectors. He highlights SK Hynix's ADR re-rating catalyst and sees deeply oversold export sectors (shipbuilding, defense, nuclear) as a future rotation opportunity. Short-term selling is attributed to half-year-end rebalancing, not a fundamental breakdown, so he advises buying the AI theme on dips and monitoring biotech catalyst DND Pharmatech.

• Korean AI hardware/memory theme remains the core call, with Samsung Electronics and SK Hynix as 'answer sheet' stocks.
• Correction pressure is largely technical: half-year rebalancing, institutional profit-taking, and government rhetoric.
• SK Hynix is seen as a specific beneficiary of an ADR-driven re-rating, potentially becoming Korea's largest market-cap stock.
• Shipbuilding, defense and nuclear sectors are identified as oversold rotation plays with strong order backlogs and FX tailwinds.
• If Korean semiconductor names are inaccessible, buying US AI hardware stocks is suggested as a direct substitute.
• DND Pharmatech is flagged as a watch candidate, with JP Morgan stepping in as lead manager and potential clinical news ahead.
• Macro risks center on US 10-year yield and upcoming PCE data, though oil is not the main driver of rate fears at present.