Foreigners' Bomb Selling... A Crash Market Is Scary, But There's No Reason to Sell Now 'The Stock Market Will Flow Like This' | CEO Lee Gwon-hee

Summary

Lee Kwon-hee, CEO of WiseWave, discusses the sell-off in Korean memory semiconductors triggered by Meta's capex rumors. He argues the news is noise and a profit-taking excuse, not a fundamental threat, and advises gradually accumulating Samsung Electronics and SK hynix on dips. He notes a rotation into financials and previously underperforming stocks like Hybe and Hanjin Kal while KOSPI consolidates. He sees KOSPI needing 3-4 weeks of sideways action between 8,100-9,000 to recharge. Short-term, he highlights a potential bounce driven by foreign futures buying and the 8,100 level as a critical pivot. He also takes a bearish view on Apple, calling it overvalued and likely to fall.

• Meta's capex rumor is not a fundamental negative for memory; NVDA didn't crash, signaling an excuse for profit-taking.
• Samsung Electronics and SK hynix correction viewed as short-term noise; gradually accumulate on dips.
• KOSPI expected to consolidate in a 3-4 week range of 8,100-9,000 to absorb selling pressure before uptrend resumes.
• Rotation observed from overbought semis into financials, Hybe, Hanjin Kal, LG CNS, defense, consumer stocks.
• Foreign investors are buying KOSPI futures aggressively, suggesting a near-term bounce.
• 8,100 level is critical; closing above signals recovery, failure opens further downside.
• Apple stock is overvalued and lacks AI progress; the China memory purchase rumor is a bluff; stock should correct downward.