Even if Samjeonnix wavers, the market is alive... Stock-picking market begins in KOSPI's box range | Hong Seonae, Lee Gwonhui, Kim Jangyeol

Summary

The market showed a strong intraday reversal, overcoming early weakness driven by noise around SK hynix's wage negotiations and Samsung's shareholder return plans. Both speakers highlight that the broader market remains resilient, with sector rotation favoring nuclear power, construction, and robotics. They advise investors to look beyond large-cap semiconductors and focus on emerging themes like US nuclear expansion and domestic stablecoin legislation.

• SK hynix and Samsung Electronics recovered from early drops caused by wage deal and shareholder return noise.
• US pressure to build HBM plants is seen as a positive catalyst for Korean semiconductor equipment makers.
• The US nuclear renaissance and potential government subsidies are driving momentum in Korean nuclear and construction stocks.
• Cosmetics and construction sectors are highlighted as comfortable holds due to their immunity to interest rate fluctuations.
• Robotis is favored in the robotics sector due to its diverse actuator lineup and benefits from the US excluding Chinese robots.
• YMTC's potential IPO and expansion pose a credible threat to the NAND memory market in Q4.
• Hyundai Glovis is expected to play a key role in Hyundai Motor Group's governance restructuring and robotics push.
• Upcoming domestic stablecoin legislation is expected to benefit Korean crypto and digital payment companies.