Should I buy now? Check 'this' first | Ha Chang-wan, CEO of Ha Bono's Stock Story

Summary

Ha Chang-wan, CEO of Ha Bono's Stock Story, discusses the sharp sell-off in Samsung Electronics and SK hynix, arguing that supply/demand noise, not fundamentals, is driving the decline. He remains bullish on AI memory stocks ahead of big tech earnings, but advises waiting for a technical confirmation before buying. He also warns that the KOSPI index is technically vulnerable to a bearish breakdown.

• Korean semiconductor stocks fall heavily on recycled news and options hedging; Ha sees the move as supply-driven, not fundamental.
• HBM demand stays strong with full order backlogs, and AI capex expansion continues from hypercalers like Amazon and Alphabet.
• The upcoming big tech earnings and capex guidance in late July are seen as the key catalyst for a semiconductor turnaround.
• Ha advises patience: wait for moving average recovery or opening price line break before adding instead of aggressive dip-buying.
• KOSPI index breaks 120-day moving average with lower highs, raising the risk of a broader bear market if selling intensifies.
• Defensive themes (financials, telecom, cosmetics) show rotation but lack strong momentum; Ha discourages heavy concentration there.
• Macro noise includes WTI oil at $80 on Hormuz tensions, tariff flip-flops, and potential inflation pass-through.