Trump-Induced Geopolitical Risk?! Stock Investment Strategy? From Now On, Like This! | Lee Kyung-soo, Research Fellow, Hana Securities Global Investment Analysis Team

트럼프발 지정학적 리스크?! 주식투자 전략? 지금부터 이렇게! | 이경수 하나증권 글로벌투자분석실 연구위원 [글로벌 인터뷰]
Watch on YouTube ↗  |  January 20, 2026 at 22:50  |  42:57  |  3PRO TV (삼프로TV)
Speakers
Lee Kyung-soo — Senior Research Fellow

Summary

The video features a global interview with Lee Kyung-soo, Senior Quant Research Fellow at Hana Securities, discussing the recent market pullback triggered by geopolitical risks and tariff threats. He argues that fundamentals remain strong, especially in AI-driven earnings for Korea, the US, and Taiwan, and recommends focusing on undervalued earnings stocks as rates rise. He highlights specific opportunities in Hyundai Motor, Korea Electric Power, holding companies, and MSCI inclusion event plays, while suggesting commodities as an inflation hedge.

  • Vincent briefly comments that the Europe-US geopolitical tension is a buying opportunity for Nasdaq and KOSPI.
  • Lee Kyung-soo says geopolitical risks do not disrupt the AI-driven earnings momentum in Korea, US, and Taiwan.
  • He favors Korean undervalued earnings stocks (low P/E, mid-cap, dividends) as rates rise, calling it an always-long theme.
  • Specific stock picks include Hyundai Motor, Korea Electric Power, Hana Financial Group, SK Inc., and GS Holdings.
  • He recommends buying MSCI May inclusion candidates (Rainbow Robotics, Hanwha, Hyundai AutoEver, Kiwoom Securities, Isu Petasys) and avoiding February inclusions.
  • He sees commodities as an inflation hedge and notes increasing inflows into dividend ETFs.
  • He expects market volatility to persist short-term but views it as an opportunity to add to long-term positions.
Ideas
Vincent 1:53
Geopolitical dip is a buying opportunity.
The geopolitical tension between Europe and the US is not a fundamental break, and history shows market dips from such events are followed by recoveries. Liquidity is expanding and corporate sales and operating profits are rising, so the Nasdaq and KOSPI pullback is a buying opportunity.
QQQ EWY MED
Lee Kyung-soo Senior Research Fellow 7:11
AI earnings momentum favors Korea, US, Taiwan.
When interest rates rise, investors seek safety margin, favoring low valuation and mid-cap stocks. In Korea, undervalued earnings stocks outperform in both rising and falling rate environments because the market is dominated by cyclicals; thus, Korean undervalued earnings stocks are an always-long concept. The Korean market itself is an undervalued earnings stock.
EWY HIGH
Lee Kyung-soo Senior Research Fellow 7:11
AI earnings momentum favors Korea, US, Taiwan.
Geopolitical risks do not change the fundamental earnings trend. The AI era is driving earnings momentum, with Korea, the US, and Taiwan being the key countries where earnings estimates are rising and accelerating. He expects this to continue to lead the market.
SPY EWT HIGH
Lee Kyung-soo Senior Research Fellow 9:55
Low P/E with earnings upgrades outperforms.
The current market trend is that stocks with low valuations and upward earnings revisions are surging. Examples include Samsung Electronics, SK hynix, and Micron. This intersection of value and earnings momentum is where the market's interest is concentrated.
005930.KS 000660.KS MU HIGH
Lee Kyung-soo Senior Research Fellow 20:59
Commodities hedge against persistent inflation.
Under state capitalism and government debt expansion, money will continue to be printed, and inflation will persist. Commodities serve as an inflation hedge and are meaningful in this environment.
DBC MED
Lee Kyung-soo Senior Research Fellow 23:44
Hyundai Motor is undervalued with hidden value.
Hyundai Motor is attractively valued with strong cash flow, net cash, potential dividend increases, and hidden value from robotics. The market was overly focused on semiconductors, creating a valuation gap that is now narrowing.
005380.KS HIGH
Lee Kyung-soo Senior Research Fellow 24:38
Dividend ETF inflows support dividend stocks.
Dividend ETF assets are steadily increasing as retail investors move from real estate to capital markets, providing a supportive flow for dividend stocks. He likes Hyundai Motor in this context.
SCHD MED
Lee Kyung-soo Senior Research Fellow 35:59
Korea Electric Power is extremely cheap.
Korea Electric Power is extremely undervalued (3.8x multiple) and has earnings momentum, fitting the low valuation + earnings theme despite various issues.
015760.KS MED
Lee Kyung-soo Senior Research Fellow 36:37
Korean holding companies score well on value.
Holding companies are scoring well due to low valuations, spin-off issues, and strong earnings momentum. Hana Financial Group has a spin-off and rising target price; SK Inc. has low valuation; GS Holdings is also scoring well.
086790.KS 034730.KS 078930.KS MED
Lee Kyung-soo Senior Research Fellow 37:26
Korean securities sector has high momentum.
The Korean securities sector has high earnings momentum, making it attractive.
Korean securities sector MED
Lee Kyung-soo Senior Research Fellow 37:26
Korean banking sector has high momentum.
The Korean banking sector has high earnings momentum, making it attractive.
Korean banking sector MED
Lee Kyung-soo Senior Research Fellow 37:26
Hyundai Construction Equipment has high momentum.
Hyundai Construction Equipment has high earnings momentum.
267270.KS MED
Lee Kyung-soo Senior Research Fellow 37:33
Mirae Asset Securities has good momentum.
Mirae Asset Securities has good earnings momentum.
006800.KS MED
Lee Kyung-soo Senior Research Fellow 40:05
February MSCI inclusions are too late.
The expected February 2026 MSCI inclusions (APR, Hyundai E&C, ABL Bio) have already rallied on known expectations, so it is too late to buy them for the February event.
APR 000720.KS 298380.KQ MED
Lee Kyung-soo Senior Research Fellow 40:46
Buy MSCI May inclusion candidates now.
MSCI inclusion candidates tend to rise before the review, but February 2026 inclusions are already priced in. Instead, investors should buy the stocks that fail February inclusion but are candidates for May 2026 inclusion: Rainbow Robotics, Hanwha, Hyundai AutoEver, Kiwoom Securities, and Isu Petasys.
277810.KQ 000880.KS 307950.KS 039490.KS 007660.KS MED
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This 3PRO TV (삼프로TV) video, published January 20, 2026, features Vincent, Lee Kyung-soo discussing QQQ, EWY, SPY, EWT, 005930.KS, 000660.KS, MU, DBC, 005380.KS, SCHD, 015760.KS, 086790.KS, 034730.KS, 078930.KS, Korean securities sector, Korean banking sector, 267270.KS, 006800.KS, APR, 000720.KS, 298380.KQ, 277810.KQ, 000880.KS, 307950.KS, 039490.KS, 007660.KS. 15 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Vincent, Lee Kyung-soo  · Tickers: QQQ, EWY, SPY, EWT, 005930.KS, 000660.KS, MU, DBC, 005380.KS, SCHD, 015760.KS, 086790.KS, 034730.KS, 078930.KS, Korean securities sector, Korean banking sector, 267270.KS, 006800.KS, APR, 000720.KS, 298380.KQ, 277810.KQ, 000880.KS, 307950.KS, 039490.KS, 007660.KS