July 15 Closing Market: Individuals Sold, Foreigners Bought... How Far Can We Trust This Rebound?

[July 15 Closing Market Conditions] Individuals Threw, Foreigners Bought…How Far Can We Trust This Rebound? | Hong Seonae, Lee Gwonhui, Jang Woojin [Closing Bell Live]
Watch on YouTube ↗  |  July 15, 2026 at 08:19  |  1:12:20  |  3PRO TV (삼프로TV)
Speakers
Lee Kwon-hee — CEO, Economist
Jang Woo-jin — Writer

Summary

The July 15 closing show analyzes a sharp 6%+ rebound in Korean markets led by foreign buying and SK Hynix ADR surge. Lee Kwon-hee and Jang Woo-jin discuss whether the bounce can be sustained, pointing to oil-price and geopolitical risks. They share specific stock ideas including a rotation into semiconductor equipment, a strong buy call on Alteogen, and caution on HLB. The overall tone urges reducing exposure on strength and waiting for clearer signals from big tech earnings.

  • KOSPI gains 6.2% and KOSDAQ 5.8%, driven by foreign net buying of over 3 trillion won and SK Hynix ADR's 27% surge overnight.
  • Lee Kwon-hee argues the rebound is a chance to trim positions around 7,400–7,800 on KOSPI due to unresolved US-Iran tensions and elevated oil prices.
  • He recommends shifting allocation from Samsung/SK Hynix into Korean semiconductor equipment, citing ASML's strong earnings and ongoing fab construction.
  • Jang Woo-jin highlights SK Hynix's extreme ADR premium and expects gap closure once conversion is allowed, offering near-term upside.
  • Lee Kwon-hee makes a high-conviction buy call on Alteogen ahead of August 4 earnings, dismissing recent sell-off as rumor-driven.
  • He also identifies Korean refiners (SK Innovation, S-Oil) as beneficiaries of wide refining margins and a rebound in Samsung Electro-Mechanics.
  • Both speakers urge caution on event-dependent biotech HLB and advise raising cash ahead of a long holiday weekend and big tech earnings.
  • Oil remains the key risk; a sustained rise above $80 could reignite inflation fears and destabilize the market.
Ideas
Jang Woo-jin Writer 7:42
SK Hynix ADR gap to close, upside ahead.
SK Hynix's ADR surged 27% overnight, widening the premium over local shares to extreme levels above 40%. ADR-to-local-conversion is expected to become possible around July 29, which will force the gap to close. If the broader market stabilizes, this convergence alone provides meaningful upside for the local stock, especially with big tech earnings likely to confirm strong HBM demand.
000660.KS MED
Lee Kwon-hee CEO, Economist 30:07
Trim KOSPI exposure on this rebound.
Geopolitical tensions over the Hormuz Strait and US-Iran negotiations are keeping oil prices elevated, which threatens inflation and could force the Fed into a hawkish stance. This adds uncertainty to the market. The current technical rebound to 7,400 – 7,800 on the KOSPI should be used to trim equity exposure rather than to chase the rally, especially ahead of a three-day weekend.
KOSPI 200 HIGH
Lee Kwon-hee CEO, Economist 39:00
Rotate into Korean semiconductor equipment ETF.
ASML's strong Q2 earnings beat, upward guidance, and plans to expand production capacity by 30% in 2027 and another 30% in 2028 signal sustained semiconductor fabrication demand. Even if big tech capex growth slows in 2028, factories are being built now and will need equipment. This benefits Korean semiconductor equipment suppliers. Reduce weight in Samsung Electronics/SK Hynix from 50% to 40% and increase equipment exposure from 10% to 20%, preferably via an ETF.
KORU HIGH
Lee Kwon-hee CEO, Economist 48:19
Avoid HLB, low credibility and event-dependent.
HLB group stocks have severely damaged credibility due to repeated FDA approval disappointments and a management perceived as unreliable. The recent CGMP failure at a Chinese partner plant adds risk. These are pure schedule-dependent event stocks; limit exposure to at most 10% of a portfolio and always have a Plan B for failure.
028300.KQ MED
Lee Kwon-hee CEO, Economist 51:21
Alteogen is a strong buy before earnings.
Alteogen's recent sell-off was driven by unfounded rumors about a lower royalty rate and competitive threats from Samsung Epis. The company is a unique biotech with a proven platform that has exported multiple pipelines and will show milestone revenues in its upcoming August 4 earnings. It has already been cash-generating and even paid a stock dividend. It is a historical first among Korean biotechs and is very undervalued, making it a strong buy at current levels.
196170.KQ HIGH
Lee Kwon-hee CEO, Economist 54:44
Peptron is a sell on any rally.
If the rumor that Peptron will not pursue the Tesevatinib/Tie2 development is true, the stock holds no justification for its current valuation. The CEO's recent small purchase is likely a gesture to manage perception, not a fundamental signal. Any rebound should be used to sell.
087010.KQ MED
Lee Kwon-hee CEO, Economist 56:45
Korean refiners benefit from high refining margins.
Refining margins have unexpectedly improved because crude oil prices fell but refined product prices remain firm due to supply disruptions from Ukrainian attacks on Russian refineries and Russia's internal energy shortage limiting exports. This spread benefits Korean refiners, with SK Innovation and S-Oil showing strength.
096770.KS 010950.KS MED
Lee Kwon-hee CEO, Economist 65:56
Samsung Electro-Mechanics to rebound to 160,000.
Substrate and PCB stocks like Samsung Electro-Mechanics, Daeduck Electronics, and Simtech are bottoming after a correction. Samsung Electro-Mechanics, a past market favorite, is especially attractive and can rebound from about 139,000 won to 160,000 won as semiconductor packaging demand recovers.
009150.KS MED
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This 3PRO TV (삼프로TV) video, published July 15, 2026, features Jang Woo-jin, Lee Kwon-hee discussing 000660.KS, KOSPI 200, KORU, 028300.KQ, 196170.KQ, 087010.KQ, 096770.KS, 010950.KS, 009150.KS. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jang Woo-jin, Lee Kwon-hee  · Tickers: 000660.KS, KOSPI 200, KORU, 028300.KQ, 196170.KQ, 087010.KQ, 096770.KS, 010950.KS, 009150.KS