Korea's stock market, which had been riding the New York breeze, suddenly 'collapsed'... Can we wait for a bull market tomorrow?

[26.09.03 Afternoon Broadcast Full View] Domestic stock market, which was following the New York breeze, suddenly 'collapsed'... Can we wait for a bull market tomorrow?

Watch on YouTube ↗ | September 03, 2026 at 11:07 | 4:41:06 | 3PRO TV (삼프로TV)

Speakers

Lee Kwon-hee — CEO, Economist

Kim Jang-yeol — Reporter, The Bell

Jang Ho-jin — CEO, Geumsigong

Choi Young-joo — Director

Yu Ri-pro — Analyst

Lee Ji-won — CEO, Aurora Investment Advisory

Summary

The broadcast covers a volatile KOSPI session on September 3, when an unexplained early-afternoon crash was blamed on foreign futures selling, program trades, and Middle East/yen-carry nerves before markets recovered. Guests discuss the September macro calendar, high oil prices, AI data center bottlenecks, Korean semiconductor discounts, and a rotation into financials. They also debate cosmetics, nuclear, shipbuilding, and Solidigm's IPO.

KOSPI ended slightly higher after a steep intraday crash; KOSDAQ fell and all three main investor groups were net sellers.
Lee Kwon-hee and Kim Jang-yeol highlight Korean memory's relative underperformance and favor financials/rate beneficiaries near term.
Jang Ho-jin sees oil supported by geopolitical risk and warns on foreign rebalancing and fragile sentiment.
Choi Young-jo argues AI data-center demand supports Samsung/SK hynix, while cosmetics revenue growth favors buying dips.
Yoo Young-hwa ranks insurance and banks above securities.
Lee Ji-won reads falling borrow balances as downside bets retreating and advises medium-term holding of semis with hedges.

Ideas

Kim Jang-yeol Reporter, The Bell 19:24

Financials benefit from sticky high rates.

Korean financials are the clearest beneficiary of high, sticky interest rates. The sector is large enough for institutional rotation and should be held as a barbell with AI/semiconductors because financials rebounded strongest during market dips.

Lee Kwon-hee CEO, Economist 31:36

Nuclear stocks may rally further.

A broker report named Doosan Enerbility as the top pick in Korean nuclear power, followed by Hyundai E&C and BH, based on project expectations. Lee agrees and sees room for nuclear-related stocks to rally further, especially Doosan Enerbility.

Kim Jang-yeol Reporter, The Bell 36:04

Korean memory is not priority yet.

Medium-term investors who held through the July low should not exit in this consolidation. Samsung Electronics and SK hynix are likely higher by December, but short-term traders should step aside and holders can hedge with inverse exposure rather than selling, as long as the July low holds.

Lee Kwon-hee CEO, Economist 47:43

Sell battery rallies.

Secondary battery stocks should be sold on rallies because the current market is driven by fast rotation, and the sector is unlikely to trend persistently higher.

Lee Kwon-hee CEO, Economist 47:59

Sell Korean cosmetics into strength.

Korean cosmetics have been overheated and are entering a correction phase. APR's Singapore product issue is a catalyst for selling pressure, and existing holders should sell into strength; new entrants should wait until the sector turns back up.

Lee Kwon-hee CEO, Economist 50:22

Prefer banks, avoid securities.

Within financials, Lee prefers banks first because they have market cap and valuation support: KB Financial is around 1.03 PBR and could re-rate toward 1.2. Korean securities are unattractive near term because trading volumes have halved and Mirae Asset faces political risk.

Lee Kwon-hee CEO, Economist 50:22

Prefer banks, avoid securities.

Within financials, Lee prefers banks first because they have market cap and valuation support: KB Financial is around 1.03 PBR and could re-rate toward 1.2. Korean securities are unattractive near term because trading volumes have halved and Mirae Asset faces political risk.

Lee Kwon-hee CEO, Economist 73:42

Alteogen's dip is short-covering buy.

Alteogen has large tech-transfer deals but is falling on heavy short selling. Lee sees support around 270,000 KRW as likely to hold, expects Q3 milestones to beat forecasts, and thinks accumulated shorts could trigger covering; he would buy more if he had cash.

Jang Ho-jin CEO, Geumsigong 92:06

Foreign selling pressure remains.

Foreigners still have not finished rebalancing out of Korean equities and are using Samsung and SK hynix buybacks as selling windows. With sentiment brittle and buying power absent, KOSPI is vulnerable to shocks and aggressive buying should wait.

Jang Ho-jin CEO, Geumsigong 117:18

Oil supported above $90.

Oil is staying above $90 because Middle East risks remain unresolved and attacks on ships with AIS off reduce traffic through Hormuz. This keeps upside pressure on crude despite occasional truce headlines.

Jang Ho-jin CEO, Geumsigong 121:57

Watch three market stress triggers.

Watch three trigger levels: 10-year Treasury yield at 5%, dollar index at 100, and Brent at 100. A breach in any of these would likely cause a major market shock.

Choi Young-joo Director 165:03

Samsung Heavy Industries looks attractive.

Among shipbuilders, Samsung Heavy Industries looks attractive because it has no specific bad news and the sector was underowned in August. Order backlogs and rotation into shipbuilding support interest.

Yu Ri-pro Analyst 225:20

Insurance first, banks second, securities last.

Insurance is the top financial subsector, followed by banks, then securities. Insurance and banks are defensive rate beneficiaries with dividends, while securities suffer from lower trading volumes and weak earnings.

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This 3PRO TV (삼프로TV) video, published September 03, 2026, features Kim Jang-yeol, Lee Kwon-hee, Jang Ho-jin, Choi Young-joo, Yu Ri-pro discussing Korean financials, 034020.KS, 005930.KS, 000660.KS, Korean secondary batteries, Korean cosmetics, APR, KBE, KB, Korean securities, 006800.KS, 196170.KQ, EWY, BNO, WTI, US10Y, DXY, 010140.KS, Korean insurance. 13 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jang-yeol, Lee Kwon-hee, Jang Ho-jin, Choi Young-joo, Yu Ri-pro · Tickers: Korean financials, 034020.KS, 005930.KS, 000660.KS, Korean secondary batteries, Korean cosmetics, APR, KBE, KB, Korean securities, 006800.KS, 196170.KQ, EWY, BNO, WTI, US10Y, DXY, 010140.KS, Korean insurance