May 7 Stock Market Review: KOSDAQ Lags Behind KOSPI, Will It Recover 7,500?

[May 7th, 2:00 PM Broadcast Full View] Kosdaq is sad even in a bull market, historic gap with Kospi... Will it recover the 7,500 line again? [Closing Bell Live]
Watch on YouTube ↗  |  May 07, 2026 at 11:04  |  4:37:16  |  3PRO TV (삼프로TV)
Speakers

Summary

The May 7 broadcast covers KOSPI nearing 7,500 while KOSDAQ lags, with foreign selling offset by retail buying. Panelists agree semiconductors are the core driver but see potential rotation into defense, shipbuilding, power equipment, and consumer sectors. Moon Hong-cheol predicts oil will fall to $60 by autumn and U.S. yields to drop.

  • KOSPI rose 1.43% to 7,490, but KOSDAQ fell 0.9% to 1,199.
  • Foreign investors sold over ₩7 trillion today, but retail investors absorbed the selling.
  • Samsung Electronics and SK Hynix are viewed as structurally undervalued with targets of ₩500,000 and ₩3,000,000.
  • Defense stocks fell on ceasefire hopes but are seen as long-term buys due to global rearmament.
  • Shipbuilding and power equipment are expected to benefit from LNG and data center demand.
  • Oil is predicted to fall to $60 by September/October, driven by resolution of Iran tensions.
  • U.S. 10-year yields are expected to drop to 4% by early June.
  • Gold is expected to recover after central bank selling ends.
Trade Ideas
Kim Jeong-yeol Head, Unistory Asset Management 10:54
Memory semiconductors are structurally undervalued.
Samsung Electronics and SK Hynix are structurally undervalued. The market is shifting from PBR to PER valuation due to stable earnings from long-term agreements with data center clients. Target prices of 500,000 won for Samsung and 3,000,000 won for SK Hynix reflect this shift, and the current P/E ratios are still low compared to global peers like Micron. Strong earnings growth supports further upside.
005930.KS 000660.KS HIGH
Park Geun-young Managing Director, IBK Investment & Securities 14:55
KOSPI can reach 10,000.
KOSPI is on track to reach 10,000 based on forward EPS. Current P/E is only about 12x, below historical averages and far below peers like Taiwan and Japan. If EPS continues to grow and the multiple expands, the index has substantial upside. NH Investment & Securities already issued a 9,000 target.
EWY HIGH
Park Geun-young Managing Director, IBK Investment & Securities 50:44
EU tariff on Chinese tires benefits Hankook.
Hankook Tire & Technology will benefit from EU anti-dumping tariffs on Chinese tires. The company has only 3.4% production in China, while its European sales exposure is 45% and rising. With Chinese tire imports facing duties of 52% or 29.9%, Hankook is well-positioned to gain market share and improve margins in Europe.
161390.KS HIGH
Park Geun-young Managing Director, IBK Investment & Securities 63:58
Power equipment sector is undervalued.
Power equipment stocks (transformers, cables, generators) remain attractive. Demand from data centers and grid modernization is strong, order books are growing, and Korean companies have high ROE compared to global peers. They are still undervalued and should not be sold. Doosan Energy and Hyundai Electric are key names.
034020.KS 267260.KS MED
Park Geun-young Managing Director, IBK Investment & Securities 69:48
Defense sector benefits from global rearmament.
Korean defense stocks are a long-term buy regardless of ceasefire or continued conflict. NATO members are moving to raise defense spending to 5% of GDP, Europe is rearming, and Middle Eastern countries are accelerating purchases after the war. Specific companies like Hanwha Aerospace, Hyundai Rotem, LIG Nex1, and Korea Aerospace have strong order backlogs and export potential.
012450.KS 064350.KS 079550.KQ 047810.KS HIGH
Park Geun-young Managing Director, IBK Investment & Securities 72:27
Shipbuilding stocks benefit from LNG demand.
Korean shipbuilding stocks are poised for a rebound. The US needs LNG export capacity, with ~80-90 LNG carriers required for new projects. Korean yards are the main builders. The low-priced orderbook is being cleared, and high-margin orders will start reflecting in earnings from Q2/Q3. HD Hyundai Heavy Industries and Samsung Heavy Industries are well-positioned.
329180.KS 010140.KS MED
Moon Hong-cheol Team Leader, Asset Strategy, DV Financial Investment 81:47
Crude oil will fall to $60.
Oil prices are set to fall sharply by September-October to pre-war levels around $60 per barrel. Current high oil is driven by temporary panic and supply disruption that is being resolved. Infrastructure has not been destroyed, and Iranian oil tankers are still moving. The market will normalize after a few months.
WTI HIGH
Moon Hong-cheol Team Leader, Asset Strategy, DV Financial Investment 104:25
10-year yields will drop to 4%.
U.S. 10-year Treasury yields will decline to 4% by early June. The current elevated yields reflect excessive anxiety about war and inflation. As oil and geopolitical fears subside, the Fed will be forced to ease, and yields will drop. This implies a bullish outlook for long-duration bonds.
US10Y HIGH
Moon Hong-cheol Team Leader, Asset Strategy, DV Financial Investment 108:22
Gold will rebound after war ends.
Gold remains a safe haven and will recover after the war. The recent selloff was caused by central banks (especially Turkey) selling gold to defend currencies. Once conditions normalize, central banks will buy back gold, supporting higher prices. The structural demand shift due to the end of the US-led global order also supports gold.
GLD MED
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3PRO TV (삼프로TV) · May 07

This 3PRO TV (삼프로TV) video, published May 07, 2026, features Kim Jeong-yeol, Park Geun-young, Moon Hong-cheol discussing 005930.KS, 000660.KS, EWY, 161390.KS, 034020.KS, 267260.KS, 012450.KS, 064350.KS, 079550.KQ, 047810.KS, 329180.KS, 010140.KS, WTI, US10Y, GLD. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jeong-yeol, Park Geun-young, Moon Hong-cheol  · Tickers: 005930.KS, 000660.KS, EWY, 161390.KS, 034020.KS, 267260.KS, 012450.KS, 064350.KS, 079550.KQ, 047810.KS, 329180.KS, 010140.KS, WTI, US10Y, GLD