Has KOSPI Truly Bottomed? How Far Will SK Hynix's Rise Continue? / Why Foreign Capital Flows Matter Now | Director Lee Jin-woo (Full Version)

Summary

This interview with GFM Investment Research Institute Director Lee Jin-woo is a technical and macro review of the Korean market after its violent drawdown. He argues that KOSPI's 44% decline is probably enough for a rebound, with initial resistance at 6,835 and rebound targets of 7,300-7,800, while SK hynix can technically rebound toward 1,900,000 won. He reviews individual charts in shipbuilding, defense, nuclear power, electric equipment, robotics and Hyundai Motor, and highlights returning foreign buying as a supportive flow signal. Macro risks include the BOJ rate decision, yen carry unwind, oil and Iran geopolitics, and a rangebound dollar-won outlook.

• KOSPI has fallen about 44% from its high, which Lee says is likely enough for a technical rebound.
• SK hynix is viewed as a liquidity-driven bounce with next resistance at 1,900,000 won.
• Technical charts reviewed include Hanwha Ocean, Hanwha Aerospace, Doosan Enerbility, HD Hyundai Electric, Rainbow Robotics and Hyundai Motor.
• Foreign investors have returned to net buying while retail investors sell, which Lee reads as a supportive flow signal.
• BOJ and FOMC meetings are key macro risk events for yen carry trade volatility.
• USD/KRW is not expected to move to 1,600-1,700 and is seen as rangebound, with a possible 1,300 test only if support breaks.