KOSDAQ's Explosive Rally After Institutions' 2.6 Trillion Won Buying Spree, But Why Is It So Scary? Will Secondary Batteries Become the Protagonist of KOSDAQ 3000? | Hwang Yu-hyeon Team Lead

[#찐시황] 기관의 2조 6천억 폭풍 매수로 나온 코스닥 폭등장, 그런데 왜 이렇게 두려울까? / 2차전지가 코스닥 3000 주인공 되나?ㅣ황유현 팀장

Watch on YouTube ↗ | January 26, 2026 at 11:01 | 26:54 | 815 Money Talk (815머니톡)

Speakers

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

Summary

Hwang Yu-hyeon, a Team Lead at Shinhan Investment Securities, discussed the KOSDAQ's more-than-7% surge on January 26, driven by heavy institutional and foreign ETF-linked buying while KOSPI lagged. He saw the move as a liquidity- and ETF-driven rally that favors KOSDAQ index and sector ETFs, especially KOSDAQ 150, but warned that individual stock valuations are stretched and leveraged products are dangerous. Secondary batteries were a major leadership group, with EcoPro BM and LG Energy Solution cited as key examples, while late-April earnings and US big tech results were highlighted as upcoming checkpoints.

KOSDAQ surged over 7% while KOSPI fell, helped by institutions buying about 2.6 trillion won and foreigners 600 billion won.
The speaker said much of the institutional buying was ETF-linked retail money, making the rally liquidity-driven and potentially volatile.
Secondary batteries led, with EcoPro BM and KOSDAQ battery names strongly outperforming KOSPI battery peers.
He favored KOSDAQ index and sector ETFs over individual stocks, especially KOSDAQ 150, and warned against leveraged ETFs.
He highlighted stretched valuations in some KOSDAQ names like Rainbow Robotics and flagged late-April first-quarter earnings as a future risk.
He said US big tech earnings this week are a key checkpoint and that cosmetics still look relatively cheap.

Ideas

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 5:38

Buy EcoPro BM on KOSDAQ battery beta.

The speaker explicitly favored and recommended EcoPro BM over L&F last week and again says to buy it almost with eyes closed. He notes EcoPro BM surged about 20% while the KOSPI-listed L&F rose only 4%, showing that KOSDAQ battery materials are the higher-beta beneficiaries of the ETF and liquidity rotation.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 6:55

Rainbow Robotics valuation looks dangerously stretched.

The speaker highlights Rainbow Robotics as an example of stretched KOSDAQ valuations: its market cap reached about 13 trillion won while annual revenue is only around 20 billion won and the company is loss-making. From a valuation standpoint few investors could justify buying it, and it could deliver a nasty aftermath, even though ETF-driven momentum can still push it up in the short run.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 7:50

KOSDAQ 150 outperforms on ETF flows.

Because ETF money is flowing into KOSDAQ by market capitalization, the KOSDAQ 150 index and its ETF are benefiting more than the broader KOSDAQ index; KOSDAQ 150 rose 11% versus 7% for the KOSDAQ index, with top constituents leading. He suggests investors can buy lagging constituents within KOSDAQ 150/index ETFs or simply use the index ETF because the leaders have already surged.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 11:27

Avoid KOSDAQ leveraged ETFs; volatility risk high.

The speaker warns that KOSDAQ leveraged ETFs are dangerous in this fast, liquidity-driven surge. Investors rushed into them on KOSDAQ 3,000 hopes, but leverage can produce enormous volatility and a sharp plunge if the market reverses, and leveraged products fall twice as hard. He advises using plain index or sector ETFs instead of leveraged products.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 13:29

Korean secondary battery sector is revived.

The speaker turned positive on the Korean secondary battery sector because the market had over-punished EV worries and the sector is being revived by battery-related robot themes, ESS growth, and abundant liquidity. LG Energy Solution's cancellation was only about 2 trillion won against a roughly 400 trillion won backlog, so the EV concern looks overdone; with KOSDAQ liquidity, the sector can support higher multiples even if fundamentals are still distant.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 14:05

LG Energy Solution EV fear overdone.

The speaker argues LG Energy Solution's order cancellation is not a serious problem: the reported cancellation was about 2 trillion won against a roughly 400 trillion won backlog, only about 2%, and the prior stock decline already covered it. EV fears were overdone, while ESS growth and robot-battery optionality support the name.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 20:06

Cosmetics still cheap as KOSDAQ rises.

The speaker says cosmetics stocks still look cheap and could rise further if KOSDAQ continues higher, making them a lower-crowding area to selectively buy rather than chasing already-surged KOSDAQ leaders.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 21:32

Watch US Big Tech earnings before deploying.

The speaker says the Fed/FOMC has lost market influence and this week's US big tech earnings are a more important checkpoint. Investors sitting on too much cash can wait to deploy until they see how big tech earnings come out without being late.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 21:48

Hold KOSDAQ index ETFs in liquidity rally.

The KOSDAQ index and KOSDAQ index ETFs are the speaker's preferred way to participate in the current liquidity-driven rally. He cites institutions buying about 2.6 trillion won and foreigners 600 billion won, but warns much of the institutional flow is ETF-linked retail money; with policy expectations and money rotating from KOSPI, he says investors who keep watching the market should hold KOSDAQ index ETFs for mental comfort because ETF flows are driving direction. He cautions that individual stocks are expensive and not holding the index risks falling behind.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 26:06

Favor KOSDAQ bio, chip, battery ETFs.

For investors who find individual KOSDAQ stocks too expensive or difficult, the speaker says sector ETFs are an acceptable alternative, with bio, semiconductor, and secondary battery sector ETFs as the first three choices. The rationale is that ETF flows were the decisive driver of the market, so following ETF direction in these sectors is preferable to chasing individual stocks; he also prefers non-leveraged sector ETFs given downside risk.

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This 815 Money Talk (815머니톡) video, published January 26, 2026, features Hwang Yoo-hyun discussing 247540.KQ, 277810.KQ, KOSDAQ 150, KOSDAQ 150 ETF, KOSDAQ leveraged ETF, Korean secondary battery sector, 373220.KS, KORU, US Big Tech, KOSDAQ Index, KOSDAQ, KOSDAQ biotech sector ETF, KOSDAQ semiconductor sector ETF, KOSDAQ secondary battery sector ETF. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Hwang Yoo-hyun · Tickers: 247540.KQ, 277810.KQ, KOSDAQ 150, KOSDAQ 150 ETF, KOSDAQ leveraged ETF, Korean secondary battery sector, 373220.KS, KORU, US Big Tech, KOSDAQ Index, KOSDAQ, KOSDAQ biotech sector ETF, KOSDAQ semiconductor sector ETF, KOSDAQ secondary battery sector ETF