Real Market: Rising Despite Foreigners' 8 Trillion Won Sell-off.. Is This the Prelude to a KOSDAQ Surge? / 'This Stock' You Should Sell When It Rises

Summary

Director Park Hyun-sang discusses the divergence between KOSPI and KOSDAQ, attributing KOSDAQ's rise to short covering in semiconductor equipment stocks and expectations for revitalization policies. He advises selling these surged stocks on further strength, while maintaining a long-term bullish view on memory semiconductor leaders Samsung Electronics and SK Hynix. He also highlights potential rebounds in oversold sectors like shipbuilding, cosmetics, and securities, and notes the battery sector could move if large caps pause.

• KOSDAQ rose 2.3% while KOSPI fell 1.8%, driven by short covering in small-cap semiconductor equipment stocks.
• Foreigners sold nearly 8 trillion won, but domestic investors absorbed the selling.
• Semiconductor equipment stocks like Wonik IPS, TES, Eugene Technology, and Yojin Tech hit upper limit due to institutional buying and short covering.
• Director Park advises selling these semiconductor equipment stocks on further rises due to expected selling pressure.
• He remains long-term bullish on Samsung Electronics and SK Hynix, citing an ongoing memory cycle.
• KB Financial (KB) is seen as a box-trade candidate in the 145,000-163,000 range.
• Oversold sectors with good earnings (shipbuilding, cosmetics, securities) may present rebound opportunities.
• The battery sector shows earnings growth but has been weak; it could move if large-cap tech stocks pause.