Foreigners' Endless Selling Bomb... Has the Korean Stock Market Escape Begun? / SpaceX Listing, The Space Industry Frenzy is Coming

[#RealMarket] Foreigners' Endless Selling Bomb... Has the Korean Stock Market Escape Begun? / SpaceX Listing, The Space Industry Frenzy is Coming | Mirae Asset Global Investments Director Choi Chang-gyu
Watch on YouTube ↗  |  May 17, 2026 at 11:00  |  38:36  |  815 Money Talk (815머니톡)
Speakers
Choi Chang-gyu — Director, NH Investment & Securities

Summary

Choi Chang-gyu, Director at Mirae Asset Global Investments, reviews the sharp KOSPI decline driven by foreign selling, oil surge, and rate fears. He highlights the upcoming SpaceX IPO (June 12, SPCX) as a catalyst for space ETFs, and notes a rotation from AI semiconductors into LG Electronics. He also compares KOSPI200 and Nasdaq100 valuations, discusses single-stock leverage ETFs, and analyzes foreign futures/options positioning indicating continued bearish pressure.

  • KOSPI fell sharply on foreign selling, oil spike, and rate concerns.
  • SpaceX IPO on June 12 (SPCX) expected to boost space sector interest.
  • KOSPI200 forward P/E at 10x vs Nasdaq's 25x, but concentrated in Samsung/Hynix.
  • LG Electronics breaking out of long box, benefiting from rotation away from AI.
  • Foreigners hold large short futures position (36,000 contracts) and continue spot selling.
  • Single-stock leverage ETFs for Samsung and SK Hynix launch May 27.
  • Foreign futures preference shifts toward Samsung over SK Hynix after option expiry.
  • Option positioning suggests bearish bias with downside break-even ~10% below current.
Trade Ideas
Choi Chang-gyu Director, NH Investment & Securities 10:01
Bullish on SpaceX IPO catalyst.
SpaceX has unique launch technology, stable Starlink revenue, Starship growth potential, and AI infrastructure expansion after xAI acquisition. Its June 12 Nasdaq IPO (ticker SPCX) at ~$200B valuation is a catalyst for the space sector. While valuation is high, the growth narrative is compelling.
SPCX MED
Choi Chang-gyu Director, NH Investment & Securities 10:01
Space ETFs benefit from SpaceX catalyst.
SpaceX's high-profile IPO will draw investor attention to the entire space/aerospace theme, benefiting space ETFs as they may include SpaceX in the future or see increased interest.
ARKX MED
Choi Chang-gyu Director, NH Investment & Securities 28:52
LG Electronics gains from market rotation.
As the market rotates away from over-concentrated AI semiconductor stocks, LG Electronics is breaking out of a multi-year box range since Feb 2026, signaling renewed interest in non-AI names. The rotation is real, and LG Electronics is a prime beneficiary with its diverse business.
066570.KS HIGH
Choi Chang-gyu Director, NH Investment & Securities 35:13
Prefer Samsung over SK Hynix.
Foreign futures positioning after option expiry shows a clear preference for Samsung Electronics over SK Hynix: Samsung futures were bought while Hynix futures were sold. This suggests relative strength in Samsung and relative weakness in Hynix, likely due to different memory cycle positioning or valuation.
000660.KS MED
Choi Chang-gyu Director, NH Investment & Securities 35:13
Prefer Samsung over SK Hynix.
Foreign futures positioning after option expiry shows a clear preference for Samsung Electronics over SK Hynix: Samsung futures were bought while Hynix futures were sold. This suggests relative strength in Samsung and relative weakness in Hynix, likely due to different memory cycle positioning or valuation.
005930.KS MED
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This 815 Money Talk (815머니톡) video, published May 17, 2026, features Choi Chang-gyu discussing SPCX, ARKX, 066570.KS, 000660.KS, 005930.KS. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Choi Chang-gyu  · Tickers: SPCX, ARKX, 066570.KS, 000660.KS, 005930.KS