Black Friday Stock Plunge: Foreigners 'Is There a Jensen Huang Catalyst?' Storm-Buy 2.4 Trillion Won in Futures from 3 PM | CEO Kim Dong-yeop

Summary

Kim Dong-yeop discusses the sharp drop in Korean stocks on Black Friday, attributing it to macro headwinds (FX, rates, oil), foreign selling, and AI sector concerns after Broadcom earnings. He advises avoiding Korean stocks near their peak, and rotating into semiconductor equipment, shipbuilding, and bank stocks. He also highlights the upcoming KOSPI200/KOSDAQ150 index rebalancing as a short-term opportunity.

• KOSPI fell 5.54% and KOSDAQ fell 4.5% on Friday, driven by foreign selling and macro headwinds.
• Jensen Huang's visit to Korea is seen as a potential positive catalyst, especially for semiconductor equipment suppliers.
• The speaker expects a correction similar to March's 19% drop, with no clear catalyst until Micron earnings on July 1.
• Rising interest rates and bank share buybacks support a bullish view on bank stocks.
• Semiconductor equipment and materials (소부장) are favored as the next market leaders due to likely capex increases.
• Shipbuilding stocks are expected to benefit from the Korea-US investment law expiration and floating data center demand.
• KOSPI200 and KOSDAQ150 index rebalancing on June 11 will bring passive inflows to 20 newly added stocks.
• The speaker advises against holding onto stocks with unrealistic targets and recommends a rotation strategy.