Take a Wait-and-See Approach This Week; KOSPI's Big Counterattack Begins at That Time, and the Real Leading Stocks Will Appear Then (#Plunge Market) Team Leader Hwang Yu-hyeon

이번 주는 관망하세요... 코스피 대반격은 ‘이 때’ 시작된다 "진짜 주도주도 그때 나옵니다" (#급락장) 황유현 팀장

Watch on YouTube ↗ | August 24, 2026 at 09:30 | 21:42 | 815 Money Talk (815머니톡)

Speakers

Hwang Yoo-hyun — Private Banker Team Lead, NH Investment & Securities

Summary

Hwang Yu-hyeon, PB team manager at Shinhan Investment Corp., expects a volatile but mostly wait-and-see week for KOSPI because of Jackson Hole, the Bank of Korea rate decision, and Nvidia earnings. He says the market will remain rangebound for about a month until leveraged single-stock ETF positioning stabilizes, with a real KOSPI counterattack and new leading sectors likely after Chuseok. In the meantime, he advises holding cash, avoiding full leverage, and treating secondary-battery and biopharma rallies as rotational rather than confirmed breakouts. He also sees fallen Samsung Electronics and SK Hynix as increasingly attractive on dividend yields.

Jackson Hole Powell speech is likely cautious and not a major market shock.
The Bank of Korea rate decision is considered mostly priced in, while US Treasury yields are the bigger macro risk.
Nvidia and hyperscaler earnings are key confirmation for AI-driven semiconductor demand.
Leveraged Samsung and SK Hynix ETF assets are shrinking; around 3 trillion won may allow broader individual-stock participation.
The main KOSPI rebound and leadership are expected after Chuseok, not during this event week.
Cash and non-leveraged positioning are recommended while volatility and event risk remain.
Secondary battery and biopharma rallies are viewed as rotational rather than confirmed sector leadership.

Ideas

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 6:29

Keep cash, avoid full leverage.

Because interest-rate and macro risks are unpredictable and policy responses are difficult to time, Hwang argues investors should hold a meaningful cash reserve and avoid maxed-out leverage or full leveraged-ETF positions; otherwise they risk forced selling at the worst possible time instead of buying a dip.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 6:29

Keep cash, avoid full leverage.

Because interest-rate and macro risks are unpredictable and policy responses are difficult to time, Hwang argues investors should hold a meaningful cash reserve and avoid maxed-out leverage or full leveraged-ETF positions; otherwise they risk forced selling at the worst possible time instead of buying a dip.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 8:11

Nvidia earnings must confirm AI capex.

Nvidia earnings and upcoming hyperscaler results are the key confirmation for the AI-driven semiconductor cycle. Korea's estimated 1,000 trillion won next-year operating profit is mostly semiconductors, but the market still doubts it, so Hwang says investors need evidence that US AI companies continue to make and spend money before the semiconductor complex can lead.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 12:22

Secondary battery bounce is rotation, not breakout.

The secondary-battery rally is a rotational bounce rather than a confirmed breakout. Samsung SDI's stake sale raised cash for US plant investment, helping suppliers, and lithium carbonate prices lifted materials names such as L&F and EcoPro, but Hwang says investors should not chase the move because it did not show decisive follow-through.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 13:13

KOSPI rebound likely after Chuseok.

Samsung Electronics and SK Hynix single-stock leveraged and inverse ETF assets have shrunk from roughly 18 trillion won to about 6 trillion won. Hwang's firm analysts see the market becoming much healthier for individual stocks when that figure falls toward 3 trillion won, which at the current pace should take roughly three to four weeks, near the Chuseok holiday.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 17:52

Fallen Samsung, Hynix yields are attractive.

The sharp declines in Samsung Electronics and SK Hynix have pushed their dividend yields to levels that Hwang views as very attractive, especially for foreign investors. With the won also favorable, he argues the opposite case, a rebound, can come at any time even if investors dislike the current shareholder-return package.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 18:48

Biotech pop is rotational, avoid chasing spike.

Hanmi Pharmaceutical's limit-up on an obesity-drug technology export is a positive company-specific catalyst, but it did not produce a broad biotech breakout. Hwang says existing holders can continue to hold, while short-term buyers who chase the spike are likely to see a pullback, consistent with sector rotation rather than a sustainable pharma/bio leadership move.

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This 815 Money Talk (815머니톡) video, published August 24, 2026, features Hwang Yoo-hyun discussing Leveraged ETFs, KRW, NVDA, Korean secondary battery sector, EWY, 000660.KS, 005930.KS, 128940.KS. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Hwang Yoo-hyun · Tickers: Leveraged ETFs, KRW, NVDA, Korean secondary battery sector, EWY, 000660.KS, 005930.KS, 128940.KS