If this happens, we could see 5,000 again... Worst-case scenario | Ha Chang-wan, CEO of Habono's Stock Story

Summary

Ha Chang-wan reviews a cautious market session marked by high interest rates, geopolitical risks, and light volumes. He identifies several thematic ideas: Korean robot stocks rallying on policy and AI demand, satellite names following US space momentum, and a short-term optical communication trade. He gives a technical setup for Hyundai Motor that requires a breakout above 435,000 won, and advises patience on defence and shipbuilding stocks despite strong long-term backlogs due to near-term supply overhang.

• Macro cautious: US rates near 4.68%, Fed hike probability above 50%, and geopolitical tensions with WTI rising
• Korean robot stocks surging on government humanoid push, US regulation news, and China Unitree production increase
• Satellite/launch companies benefit from US space rally (SpaceX, Rocket Lab, Intuitive Machines) and Tesla collaboration
• Optical communication names like Daehan Optical Telecom get a thematic AI infra rotation lift but are light plays
• Hyundai Motor not a buy yet; wait for breakout above 435,000 won after bearish technical breakdown
• Defence (LIG Nex1, Hyundai Rotem) and shipbuilding (Hanwha Ocean) have strong multi-year backlogs but suffer from supply overhang and profit-taking
• Copper, secondary batteries, and broad AI infra rotation discussed but no clear near-term trades expressed