Deleveraging, Fearful Stock Crash! Foreigners' Large-Scale Selling of 3 Trillion, Individuals Buying 5.5 Trillion... Is It a Top? Or a Bottom Formation Signal? / Two Stocks to Buy in a Sharp Decline | Team Lead Hwang Yu-hyeon

Summary

Hwang Yu-hyeon, PB Team Lead at Shinhan Investment & Securities, discusses the sharp KOSPI and KOSDAQ decline on February 2, 2026. He attributes the selloff mainly to global deleveraging and liquidity concerns after the Warsh nomination, not domestic fundamentals. He expects forced liquidation to clear within the week, sees the drop as a correction within an uptrend, and highlights semiconductors while warning on overvalued robot and battery themes.

• KOSPI and KOSDAQ fell sharply, with heavy foreign selling and record individual buying.
• The speaker links the drop to global liquidity tightening fears and forced deleveraging in crypto, commodities, and leveraged products.
• He expects liquidation pressure to ease within the week and sees potential for a technical rebound late in the week or next week.
• He does not view the bull market as over; he expects sideways correction and a stock-picking/theme market after Lunar New Year.
• He advises risk management and reducing leverage, with a tactical preference to cut before the holiday and add around the holiday.
• He highlights semiconductors, especially SK hynix and Samsung Electronics, with SK hynix still viewed as cheap.
• He warns that robot and secondary-battery stocks may be overextended on distant-future narratives.
• He cites Samsung Electro-Mechanics as a relative-strength large cap to watch.