KOSPI 6000 Expectations, Preview of Leading Stocks? Post-Lunar New Year 'Money Map' Revealed | Hong Sun-ae, Lee Da-sol, Meritz Securities Gangnam Premier Center Branch Manager

‘코스피 6000' 기대, 미리 보는 주도주는? 설 이후 '돈의 지도' 대공개 | 홍선애, 이다솔 메리츠증권 강남프리미어센터 지점장 [여의도 인사이트]
Watch on YouTube ↗  |  February 13, 2026 at 08:52  |  57:09  |  3PRO TV (삼프로TV)
Speakers
Lee Da-sol — Branch Manager, Meritz Securities Gangnam Premier Center

Summary

Lee Da-sol, branch manager at Meritz Securities Gangnam Premier Center, discusses the KOSPI rally near 5,500, arguing the move is driven by global dollar weakness, a rotation into non-U.S. assets, and Korea's value-up reforms. He says Korean equities remain inexpensive with rising earnings but warns that the fast pace means high volatility. He favors semiconductors and AI hardware, especially memory and storage, for the AI cycle, and highlights foreign ETF inflows, value-up sectors, and the June MSCI developed-market observation decision as key catalysts. He also flags leveraged silver and Bitcoin liquidation risk as a holiday market risk.

  • Dollar weakness is seen as the main macro driver supporting non-U.S. assets.
  • Base metals, emerging equities, and Korea are viewed as beneficiaries of global allocation shifts.
  • KOSPI is not considered expensive on valuation, but the rapid rally raises volatility risk.
  • Semiconductors are the market's leading sector and should remain in portfolios.
  • AI is early, with demand expanding from GPUs to memory, storage, and power.
  • Value-up reforms may re-rate Korean holding companies and financials.
  • Foreign ETF inflows and the June MSCI observation decision are key catalysts.
  • Leveraged silver and Bitcoin liquidations are a near-term risk to watch.
Ideas
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 2:17
Dollar weakness to support non-US assets.
The speaker says the biggest global macro driver is the dollar. After several years of dollar strength that pulled capital into U.S. assets, the dollar index topped last year and most forecasts expect it to weaken through year-end, which should support non-U.S. assets.
DXY HIGH
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 5:02
Base metals benefit from dollar weakness.
When the dollar weakens, historical asset-allocation patterns favor non-ferrous metals and grains. Copper, zinc and other base metals are near record highs as large global institutions move positions toward them, with AI-related supply/demand tightness adding support.
COPPER DBB Non-ferrous metals HIGH
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 10:40
Emerging equities favored by dollar weakness.
The same dollar-weakness regime that drove the 2005-2007 BRICs rally is prompting global allocators to move long-term money into non-ferrous metals and emerging-market equities; if this flow persists, emerging markets, including Korea, should benefit.
EEM MED
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 10:51
Korea cheap with rising earnings.
The KOSPI is not expensive: around 10-11x forward earnings versus 18-20x for developed markets and about 16x for emerging markets, with earnings estimates still rising. Global flows toward non-U.S. assets, foreign long-only interest, and value-up reforms can push it higher, though the rapid pace means volatility will stay high.
EWY HIGH
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 30:56
Semiconductors must stay in Korea portfolios.
The KOSPI rally is led by semiconductors, which are about 40% of the index; earnings estimates keep rising, and historically portfolios excluding the leading sector have underperformed. SK hynix was dominant in HBM, while Samsung is catching up as demand shifts toward DRAM; if semiconductors break, the market likely breaks.
Korean semiconductor sector HIGH
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 30:56
Semiconductors must stay in Korea portfolios.
As AI shifts from training to inference, the bottleneck expands from GPUs to memory and storage: personal and enterprise data must be stored and retrieved, driving HBM, DDR5, graphics DRAM, and NAND/SSD demand. SK hynix led in HBM, Samsung is catching up in DRAM, and NAND/SSD names such as Kioxia and SanDisk have recently led global semiconductor gains.
005930.KS 000660.KS MU 285A.T SNDK HIGH
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 39:05
AI hardware cycle has long runway.
The speaker argues AI is still early: current AI is like texting on early mobile phones, and the ultimate goal of physical AI and robots requires far more compute power, storage capacity, and electricity than exists today. This supports long-duration demand for AI hardware, GPUs, foundries, memory, and power infrastructure.
SMH NVDA TSM HIGH
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 46:06
AI money shifts hardware over software.
The speaker sees global AI fund flows rotating from software toward hardware; U.S. software stocks have sold off while hardware/memory names such as Micron have reversed earlier underperformance versus Nvidia, and Korea, as a hardware manufacturing hub, is a key beneficiary of that shift.
AI Hardware MED
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 46:06
AI money shifts hardware over software.
The speaker sees global AI fund flows rotating from software toward hardware; U.S. software stocks have sold off while hardware/memory names such as Micron have reversed earlier underperformance versus Nvidia, and Korea, as a hardware manufacturing hub, is a key beneficiary of that shift.
AI software MED
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 47:23
Value-up re-rates holdings and financials.
Value-up is becoming a real foreign-investor theme because legislation, unlike past verbal promises, targets Korea's chronic discount from weak shareholder returns. If policy and owner behavior make abuses less frequent, undervalued holding companies and high-dividend financials can lead a re-rating.
Korean holding companies Korean financials MED
Lee Da-sol Branch Manager, Meritz Securities Gangnam Premier Center 51:28
Watch silver and Bitcoin leverage risk.
The speaker says February selloffs have been amplified by leveraged liquidations in silver and Bitcoin, which trigger margin calls and forced selling of correlated equities. During the holiday, stabilization in those leveraged assets is the key risk gauge for broader markets.
SILVER BTC MED
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This 3PRO TV (삼프로TV) video, published February 13, 2026, features Lee Da-sol discussing DXY, COPPER, DBB, Non-ferrous metals, EEM, EWY, Korean semiconductor sector, 005930.KS, 000660.KS, MU, 285A.T, SNDK, SMH, NVDA, TSM, AI Hardware, AI software, Korean holding companies, Korean financials, SILVER, BTC. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Da-sol  · Tickers: DXY, COPPER, DBB, Non-ferrous metals, EEM, EWY, Korean semiconductor sector, 005930.KS, 000660.KS, MU, 285A.T, SNDK, SMH, NVDA, TSM, AI Hardware, AI software, Korean holding companies, Korean financials, SILVER, BTC