KOSPI Breaks 9000... Even Foreigners Panicked. Why 1.4 Trillion Won in Stocks Was Swept Up from 3 PM / KOSDAQ Bull Market 'From This Time' | Director Park Hyun-sang

Summary

KOSPI broke 9000 driven by Samsung Electronics, SK Hynix, and Samsung Electro-Mechanics, but extreme concentration caused most other stocks and KOSDAQ to plunge over 3%. Director Park Hyun-sang discusses the record divergence, foreign investors' massive intraday flip to net buying, and the need for KOSDAQ to stage a sharp technical rebound. He highlights SpaceX as a pre-IPO momentum play and identifies core semiconductor leaders as must-hold positions while advising caution on chasing overheated crowded trades.

• KOSPI crosses 9000 on the back of Samsung Electronics and SK Hynix, but over 790 stocks decline.
• KOSDAQ falls over 3% as FOMC-related rate fears and extreme sector rotation hit growth and secondary battery stocks.
• Foreign investors sell heavily in the morning then flip to buy 1.4 trillion won in the last hour, likely covering shorts.
• The KOSPI-KOSDAQ divergence reaches historic extremes, worse than during COVID, prompting expectations for a sharp KOSDAQ rebound.
• Samsung Electro-Mechanics and the MLCC theme stand out with new highs, supported by global demand recovery.
• Retail rush into Samsung-Hynix and into SpaceX reflects extreme momentum, with SpaceX benefiting from pre-listing supply-demand dynamics.
• Director Park advises holding core semiconductor leaders, waiting for market stabilization before re-entering beaten-down cyclicals.