The Crazy Market Rally Led Only by Samsung Electronics, SK hynix, and Hyundai Motor! 'The Signs Are Unusual.' Is This the 'Last Flame' or a 'New Prologue'? | CEO Lee Dong-geun

Summary

Lee Dong-geun, CEO of First Prime Research, describes an extremely narrow Korean market led by Samsung Electronics, SK hynix, and Hyundai Motor Group while most stocks lag. He remains positive on Korean memory/HBM4 and Hyundai's robotics re-rating, but warns of short-term overheat and favors staged buying on dips. He also highlights US AI semiconductor leadership, commodity strength in copper, gold, and silver, and a contrarian buy-the-dip view on Korean entertainment stocks. Foreign inflows and a stable won support KOSPI, though KOSDAQ breadth is weak.

• KOSPI rises but market breadth is extremely narrow, with most stocks declining.
• Samsung Electronics and SK hynix are supported by HBM4 demand and rising foreign target prices.
• Hyundai Motor is being re-rated as an AI robotics platform on Atlas and factory deployment plans.
• US AI semiconductor and equipment names are leading while the Magnificent 7 stalls; AMD is seen as lacking a CUDA-like moat.
• Commodities are rallying, with copper favored as this year's gold and gold/silver boosted by safe-haven demand.
• Korean entertainment stocks are viewed as oversold after an overreaction to China-thaw comments.
• Foreign buying in KOSPI is positive, helped by won stabilization and global semiconductor leadership.
• Short-term overbought conditions and Samsung's provisional earnings are seen as correction risks.