If Samsung Electronics breaks its previous high, buying will follow… What's the next scenario for KOSPI? | Park Byeong-chang, CEO of MP Partners

Summary

Park Byeong-chang of MP Partners reviews the Korean market after the U.S. holiday, highlighting a broad global equity bid and KOSPI's catch-up setup. He is most constructive on Korean nuclear/power/energy infrastructure, oil refiners, and shipbuilding/plant component makers. He focuses on Samsung Electronics and SK Hynix at key breakout levels, with DRAM pricing and foreign/institutional absorption supporting further upside. He also outlines a KOSPI technical path toward 7,500 if the latest gap holds.

• Global indices such as S&P 500, Nasdaq, Germany, UK, Japan and Taiwan are near record highs, while KOSPI has lagged due domestic issues.
• Korean nuclear, power equipment, gas combined-cycle, hydrogen and Alaska LNG-related energy names are rallying on expected US military investment project momentum.
• Korean oil refiners are seen benefiting from refinery disruptions in Ukraine/Russia/Iran and global refining strength.
• Shipbuilding equipment and plant component makers are rising on refinery reconstruction and plant demand independent of shipbuilding.
• Samsung Electronics and SK Hynix are near key former highs; a breakout above 300,000 won and 2,000,000 won could trigger follow-on buying.
• Retail selling in Samsung/SK Hynix is being absorbed by institutions and foreigners, a positive supply dynamic.
• TrendForce data show DRAM contract prices surged, supporting memory maker revenues.
• KOSPI technical setup targets 7,500 if it holds its gap above moving averages.