Don't Sell Yet - Scenario if 6,000-6,100 Breaks and What to Do at 7,100-7,500

Summary

MP Partners CEO Park Byung-chang analyzes the Korean stock market after the historic July correction and recent rebound. He presents a tactical KOSPI range strategy with defined stop-loss and target levels, sets a 200,000 KRW target for SK Hynix, and argues Samsung Electronics is necessary for any index breakout above 7,500. He also describes fragile investor sentiment, the unwinding of leverage-driven moves, and the need for more skillful trading in the second half.

• Park provides KOSPI support at 6,000-6,100 (break = sell) and a profit-taking zone at 7,100-7,500.
• He advises SK Hynix holders to hold with a target of 200,000 KRW based on chart resistance.
• He stresses that Samsung Electronics must lead for KOSPI to break above 7,500 and recommends owning it if bullish on the index.
• He notes that market sentiment is heavily damaged from the July crash, making even a 9% rally feel difficult.
• Leveraged product trading volumes have collapsed, reducing the explosive upside seen earlier in 2025.
• He believes the July crash with multiple circuit breakers was a once-in-30-year event, giving investors hard-won experience for future volatility.
• Seasonally, he observes that Korean markets often bottom around Chuseok and recover afterward, though it is too early to position.
• He emphasizes that the current phase requires range-bound tactical trading rather than blindly buying dips.