SK Hynix -15%, Largest Drop Ever! 7th Circuit Breaker This Year Alone... Weakened KOSPI, Where is the Growth Momentum?

Summary

The KOSPI crashed nearly 9% with SK Hynix down 15%, triggering the 7th circuit breaker of the year. Panelists attribute the selloff to a confluence of weak domestic liquidity, leveraged ETF distortions, ADR-related flows, Middle East tensions, and a brokerage downgrade on SK Hynix. Analysts see the move as an overreaction and identify buying opportunities in oversold semiconductors, resilient cosmetic ODM/OEM stocks, bank dividends, shipbuilding, and select large-cap biotech names while advising patience and monitoring US CPI data.

• KOSPI drops ~9% to 6,800, SK Hynix -15% in historic rout driven by multiple sentiment and supply shocks.
• Key triggers: Hynix ADR premium/discount dynamics, a brokerage trimming earnings forecasts, and fears around leveraged ETF unwinding.
• Experts argue the selloff is excessive relative to unchanged semiconductor fundamentals and cheap P/E valuations.
• Cosmetics (Kolma, Cosmecca, Cosmax) and bank stocks showed relative strength, backed by strong exports and dividend potential.
• Shipbuilding sector seen as attractively valued on PBR vs. power equipment; rotation into non-semiconductor large caps expected in H2.
• LG Electronics surprised positively with preliminary Q2 earnings, signaling resilience in a falling market.
• Biotech large caps (Samsung Biologics, Celltrion, Alteogen) remain favorably positioned after recent underperformance.
• Tactical strategy: wait for US CPI data and monitor whether Samsung/SK Hynix can rapidly reclaim key moving averages to confirm a bounce.