Afternoon Broadcast Full View: 'Does It Make Sense?' Another 'Black Tuesday'... Domestic Stock Market Flooded with Sell-offs Due to Foreign Invasion

Summary

On a 'Black Tuesday', the KOSPI plunged over 10% and KOSDAQ over 7% amid foreign sell-offs. The panel discusses triggers including Chinese DUV equipment news, CXMT's IPO spike, Nvidia circular financing concerns, and the unwinding of leveraged ETFs. Most speakers view the sell-off as irrational and supply-driven rather than fundamental, emphasizing extremely low valuations, and expect a sharp rebound in semiconductors once forced selling subsides. Specific levels to watch in Nvidia and Micron are given, and a hedging strategy using inverse ETFs is explained.

• KOSPI falls over 10%, KOSDAQ over 7% with massive foreign selling and retail buying; circuit breakers triggered.
• Samsung Electronics and SK Hynix lead declines, but US peers Micron and Nvidia hold up much better, suggesting the panic is localized.
• Chinese DUV equipment progress and CXMT's IPO are cited as fear triggers, but panelists argue the threats are overstated and not near-term.
• Kim Jang-yeol identifies $180 on Nvidia and $750 on Micron as critical levels to watch for the AI cycle thesis.
• Lee Ji-won predicts foreign capital will rotate back from CXMT into Korean memory within 1–2 weeks and added to her position.
• Park Byung-chang advises using the crash to rebalance into semiconductor leaders, though recovery pace will be slower.
• Yeom Seung-hwan notes historically high probability of a next-day bounce after circuit breakers.
• The interaction between single-stock leveraged ETFs and forced selling is highlighted as a major volatility amplifier.