In-Depth Market: Foreigners Dumped 2 Trillion Won by 9:08 AM, Intraday Crash, Algorithm Selling, KOSDAQ Margin Calls? | Director Park Hyun-sang

Summary

Director Park Hyun-sang analyzes the June 2 Korean market where foreigners dumped 2 trillion won in the first 8 minutes, triggering algorithm selling and a temporary crash, but KOSPI recovered to close slightly higher. He discusses KOSDAQ margin calls, sector rotation into Samsung Group stocks, and highlights cosmetics and SK Square as overlooked opportunities while advising a watch on KOSDAQ for a potential rebound.

• Foreigners sold 2 trillion won early, causing intraday crash but KOSPI ended up 13 points.
• KOSDAQ fell sharply due to margin calls and algorithm-driven selling.
• Samsung Electronics and SK hynix remain core holdings supporting the index.
• SK Square is seen as a laggard play relative to SK hynix's surge.
• Cosmetics sector has strong export trends but is ignored by the market.
• KOSDAQ needs two consecutive strong rallies to confirm a bottom.
• Holding companies like LG and Doosan dropped on profit-taking.
• Next catalysts include AI PC theme, US employment data, and CPI.