Samsung Electronics-SK Hynix Plunging Market, The Price Level You Must Check First Now

Summary

In a sharp market sell-off, host Kang A-rang and guest Hwang Yu-hyeon (Team Lead at Shinhan Investment Securities) discuss the plunge in Samsung Electronics and SK hynix despite record earnings. Hwang attributes the drop to levered ETF-driven volatility and concentrated positioning, draws parallels to 2018 but argues fundamentals are stronger now. He sets 210,000 KRW closing as the key risk level for Samsung Electronics and highlights early rotation signals into consumer, travel and entertainment names.

• Samsung Electronics and SK hynix fell sharply despite strong preliminary earnings, triggering a sidecar.
• The guest blames the move on levered single-stock ETFs (KODEX) and extreme concentration of trading volume in semiconductor names.
• Historical comparison to 2018 shows similar price action after peak earnings, but current AI-driven demand is seen as more durable.
• A closing break below 210,000 KRW on Samsung Electronics is cited as a critical risk threshold; staying above keeps the trend intact.
• Foreign investors have been selling cash equities while building long futures and bearish options positioning ahead of expiry.
• Rotation attempts into airlines, hotels, entertainment and consumer stocks appeared but remain fragile.
• The guest advises investors to define their own investment criteria amid extreme volatility and structural distortions.