Micron Stock Plunges.. US-Iran Clash Over Hormuz / Will Korean Stock Market Shake Again Next Week? | CEO Kim Dong-yeop

Summary

CEO Kim Dong-hyeok analyzes the recent spike in Korean market volatility driven by chip inflation fears, global rebalancing, and National Pension selling. He stresses that while the KOSPI index is propped up by Samsung/SK hynix, most stocks are in a stealth bear market. He provides actionable themes for the coming week, including short-term bounce trades in the two chip leaders, semiconductor equipment plays on mega capex, and defensive positioning in tourism names.

• Extreme intraday volatility with multiple circuit breakers reflects heavy ETF/leverage influence and concentrated market leadership.
• Major positive catalysts: Micron earnings surprise, SK hynix ADR listing in July, Samsung/SK massive capex plans, US-Iran ceasefire deal.
• Key headwinds: AI chip inflation forcing product price hikes that may hurt demand, institutional month-end rebalancing, National Pension's 60-70 trillion won selling pressure.
• Short-term strategy: buy Samsung Electronics and SK hynix on sharp panic days for quick rebounds; these two stocks still lead bounces.
• Semiconductor equipment makers (e.g., TES, Wonik IPS, PSK) are near-term winners from the Samsung/SK multi-year capex roadmap.
• Honam cluster-themed construction and land-value stocks may face sell-the-news after the official government announcement early next week.
• Defensive and thematic ideas: tourism-related sectors (department stores, hotels, casinos), power infrastructure, renewables, MLCC, shipbuilding, and conditional reconstruction plays on US-Iran progress.
• Government-backed National Growth Fund direct investments into LIG Nex1 and LigaChem Bio are seen as longer-term accumulation candidates despite initial sell-the-news.