[May 18 Closing Market Review] Kospi Volatility Increased Now, Should We Look at Leading Stocks Rather Than Small and Mid-Cap Stocks? Samsung Electronics, SK Hynix Response Strategy | Hong Seon-ae, Lee Gwon-hee, Kim Jang-yeol [Closing Bell Live]

Summary

The video discusses KOSPI's volatile day, driven by Samsung Electronics' rebound after court and government signals on labor issues. Two analysts recommend shifting from small/mid-caps to large-cap leaders like Samsung, SK Hynix, and Hyundai Motor, while warning against overvalued semiconductor equipment stocks and space-related hype stocks ahead of Space X IPO. They also caution that rising global interest rates and a potential Fed rate hike pose headwinds.

• KOSPI recovered from early sell-off, led by Samsung Electronics (+3.8%) and SK Hynix.
• Analysts see market in a consolidation phase and recommend focusing on large-cap leaders.
• Buy Samsung and Hynix on dips using a 20-25% margin of safety below consensus targets.
• Sell underperforming small/mid-caps, especially those down more than 2%.
• Hyundai Motor is a buy on further dips near 60,000 won.
• Korean semiconductor equipment stocks are called overvalued (30-40x P/E) and are avoided.
• Space X IPO-related stocks should be sold ahead of the event.
• Rising US and global bond yields are a key macro risk to watch.