Name: August Stock Market: What to Do vs. What Not to Do? Eating Less Is Not a Loss | Myeong Min-jun, Kim Gi-eun, Yu Yeong-hwa [Stock Beginner Rescue Team]
Uploaded: 2026-07-23T13:00:34+00:00
Duration: 3186 s

Speakers

Yu Yeong-hwa — Deputy Department Head, KB Securities

Myung Min-jun — Host

Summary

The panel discusses the August market outlook, noting a broadening KOSPI rally that lifts small and mid caps alongside semis. SK Hynix faces overhead supply and needs time to digest, but its trend is intact. A new AI data center theme is emerging, led by SK eternix, and power equipment stocks are benefiting from strong orders. Global semiconductor equipment offers an attractive long-term play. Rising yields remain a key risk.

KOSPI breaks downtrend with over 2,000 advancing stocks, signaling a healthy broadening.
SK Hynix needs to absorb heavy overhead supply; a V-shaped rebound is unlikely, but the fundamental trend remains positive.
AI data center theme supported by sovereign AI spending and SK Telecom's investment, with SK eternix breaking out.
Power equipment companies report strong earnings and order backlogs; LS Electric surges 17%.
Global semiconductor equipment (Applied Materials, Lam Research, KLA) presents dual-cycle opportunity.
Next week's FOMC, Meta, and SK Hynix earnings will determine market direction.
Rising U.S. yields and oil prices are a headwind that limits market upside and should be closely watched.

Ideas

Yu Yeong-hwa Deputy Department Head, KB Securities 4:03

KOSPI broadening positive, needs confirmation

The KOSPI market is showing a broadening rally, with over 2,000 stocks rising and a break above the downtrend channel. This is a healthy sign of reduced volatility and rotation away from just semiconductors, similar to the pre-May market environment. However, sustainability depends on next week's heavy earnings and FOMC catalysts.

Yu Yeong-hwa Deputy Department Head, KB Securities 10:05

SK Hynix sideways digestion then uptrend resumes

SK Hynix has substantial overhead supply from heavy buying during the decline, making a V-shaped rebound unlikely. Short-term digestion is needed, and the stock may move sideways. However, the trend is not broken, fundamentals are intact, and next week's earnings should confirm the outlook. If the company assuages Q3 DRAM pricing fears and LTA concerns, it can resume its uptrend. Recommend holding and not rotating out.

Yu Yeong-hwa Deputy Department Head, KB Securities 19:47

SK eternix AI data center theme strong

An AI data center theme is forming with real substance, driven by sovereign AI initiatives (Korea 550 trillion won, China 2,000 trillion won, Japan 3,000 trillion won) and private investment like SK Telecom's stake in SK HiPER. SK eternix is breaking out to new highs on strong institutional and foreign buying, and it is well-positioned to benefit from data center buildout and renewable energy requirements. This is not just a passing theme but the start of sovereign AI hardware expansion.

Yu Yeong-hwa Deputy Department Head, KB Securities 39:46

Power equipment benefiting data center buildout

Power equipment companies reported strong earnings and excellent order backlogs, benefiting from the data center buildout and global electrification trends. Stocks like LS Electric, which rose 17% on results, show both fundamental strength and momentum, making the sector attractive for additional participation.

Yu Yeong-hwa Deputy Department Head, KB Securities 40:56

Global semiconductor equipment strong cycle play

Global top-tier semiconductor equipment companies (Applied Materials, Lam Research, KLA) are set to benefit from both the PS and QS cycles. They are essential for any chip manufacturing and are attractively priced relative to global peers. Despite recent underperformance, the uptrend is not broken, and these stocks will follow the memory cycle. ETFs can be used for diversified exposure.

August Stock Market: What to Do vs. What Not to Do? Eating Less Is Not a Loss

Summary

Ideas

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