February 3 Market Close: Warsh Shock Is Over! 'Buy Sidecar Triggered' | Hong Seon-ae, Lee Jae-gyu, Jang Woo-jin - Closing Bell Live

[2월 3일 마감시황] 워시 쇼크는 끝났다! '매수 사이드카 발동’ | 홍선애, 이재규, 장우진 [클로징벨 라이브]
Watch on YouTube ↗  |  February 03, 2026 at 08:08  |  1:09:55  |  3PRO TV (삼프로TV)
Speakers
Lee Jae-kyu — PB Deputy Manager, SK Securities
Jang Woo-jin — Writer
Hong Seon-ae — Host

Summary

Korean stocks staged a sharp rebound on February 3 after the prior day's Warsh-shock selloff, with KOSPI and KOSDAQ closing higher and Samsung Electronics and SK hynix leading gains. The discussion focused on ETF-driven liquidity and volatility, the memory upcycle, and specific sector ideas including power equipment, shipbuilding, securities, batteries, and space/aerospace. The speakers favored KOSPI large caps and semiconductor earnings momentum, while warning that inverse or short strategies are risky in this liquidity-driven market.

  • KOSPI surged about 6.8% and KOSDAQ rose about 4.2%, rebounding from the prior day's sharp drop.
  • ETF flows were cited as a major driver of both the selloff and rebound, increasing market volatility.
  • Memory price forecasts from TrendForce and JP Morgan's KOSPI targets fueled bullish semiconductor sentiment.
  • Samsung Electronics and SK hynix were highlighted as key beneficiaries of the DRAM and NAND upcycle.
  • Lee Jae-gyu favored KOSPI large caps over KOSDAQ and discussed power equipment, shipbuilding, securities, and batteries.
  • Jang Woo-jin discussed semiconductor equipment/materials, KOSDAQ and semiconductor ETFs, HBF, and K-beauty distribution risks.
  • Speakers warned against inverse ETFs and long-term leveraged bets, and suggested holding some cash after the rally.
Ideas
Lee Jae-kyu PB Deputy Manager, SK Securities 10:56
KOSPI large caps favored over KOSDAQ.
KOSPI large-cap stocks are more attractive than KOSDAQ growth stocks until earnings because KOSPI earnings and valuation are improving and its supply is higher quality, while KOSDAQ is harder to value and has less quality flow.
EWY HIGH
Jang Woo-jin Writer 17:40
Semiconductor equipment/materials join semiconductor rally.
On the rebound, not only Samsung Electronics and SK hynix but also semiconductor equipment/materials stocks such as EO Technics rose, showing that buying is broadening across the entire semiconductor supply chain and confirming the upcycle.
Korean semiconductor equipment/materials sector 039030.KQ MED
Lee Jae-kyu PB Deputy Manager, SK Securities 18:39
Space ETFs watched, but prices stretched.
Space/aerospace is a growth sector, but prices have risen too fast and it is hard for individual investors to pick winners; if betting on the sector, use a Korean space/aerospace ETF after checking its holdings, though aggressive buying is not recommended for beginners.
Korean space/aerospace sector ETF MED
Jang Woo-jin Writer 34:43
Memory price surge lifts Samsung, SK hynix.
TrendForce raised Q1 DRAM price growth to 90-95% QoQ and NAND to 55-60% QoQ, pointing to a massive memory earnings upcycle; Samsung Electronics and SK hynix are the main beneficiaries and JP Morgan sees 45-50% upside.
005930.KS 000660.KS HIGH
Jang Woo-jin Writer 37:22
KOSPI can reach 6,000.
JP Morgan's base case puts KOSPI at 6,000 and its bull case at 7,500, with Samsung Electronics and SK hynix seeing 45-50% upside; market-cap math supports 6,000 if memory leaders continue their rally.
EWY HIGH
Lee Jae-kyu PB Deputy Manager, SK Securities 43:22
Commercial law revision benefits holding, securities firms.
The 3rd commercial law revision is expected to benefit companies with large treasury-share holdings, especially holding companies and securities firms; securities firms also benefit from strong brokerage revenue as trading volume rises, making them a more stable way to play the market than aerospace.
Korean holding companies Korean securities/brokerage stocks MED
Lee Jae-kyu PB Deputy Manager, SK Securities 44:38
Power equipment demand benefits LS Electric.
AI-driven power demand and structural grid limits are forcing long-term investment in power infrastructure; the US needs to replace an aging grid and Korea needs more transmission/distribution for renewables, while Korean transformer makers like LS Electric are globally dominant and benefit from Trump's China restrictions.
Korean Power Equipment Sector 010120.KS HIGH
Lee Jae-kyu PB Deputy Manager, SK Securities 47:38
Battery sector watch on EV recovery.
European EV sales surpassed ICE vehicles for the first time and non-US EV growth is accelerating; robots and solid-state batteries may add demand for Korean battery makers, but lithium carbonate prices are falling and semiconductors would be more attractive in a market correction, so 2026 earnings improvement is the key catalyst to watch.
Korean secondary battery sector MED
Jang Woo-jin Writer 49:18
Silicone Two faces distribution competition.
Silicone Two, a distributor of Korean cosmetics to the US and Europe, faces intensifying competition after Gudai Global acquired Hanseong USA, a US distributor of Korean brands; this competitive threat drove the stock down and makes it less attractive.
257720.KQ MED
Jang Woo-jin Writer 61:50
Securities, KOSDAQ ETF, semiconductor ETF favored.
In a liquidity-driven market where individual stock picking is difficult, Korean securities stocks, KOSDAQ ETF, and semiconductor ETF are viewed as three areas unlikely to fail; KOSDAQ could attract policy-driven pension money if semiconductors pause, while semiconductor ETF benefits from the memory upcycle.
Korean securities/brokerage stocks KOSDAQ SMH MED
Jang Woo-jin Writer 63:15
HBF theme, Neo Semiconductor watched.
HBF (High Bandwidth Flash) is a likely next memory theme, stacking NAND with about 10x the capacity of HBM for AI inference and agents; it is expected from 2027, and Neo Semiconductor rose sharply on this issue.
Neo Semiconductor MED
Lee Jae-kyu PB Deputy Manager, SK Securities 65:51
Korean shipbuilders benefit from China restrictions.
Korean shipbuilders benefit from Trump-era restrictions on China, with LNG and MRO demand creating momentum; Hanwha Ocean has started capex, and Q4 results in March/April should be strong, with supply constraints similar to semiconductors.
Korean shipbuilding sector 042660.KS HIGH
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This 3PRO TV (삼프로TV) video, published February 03, 2026, features Lee Jae-kyu, Jang Woo-jin discussing EWY, Korean semiconductor equipment/materials sector, 039030.KQ, Korean space/aerospace sector ETF, 005930.KS, 000660.KS, Korean holding companies, Korean securities/brokerage stocks, Korean Power Equipment Sector, 010120.KS, Korean secondary battery sector, 257720.KQ, KOSDAQ, SMH, Neo Semiconductor, Korean shipbuilding sector, 042660.KS. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Jae-kyu, Jang Woo-jin  · Tickers: EWY, Korean semiconductor equipment/materials sector, 039030.KQ, Korean space/aerospace sector ETF, 005930.KS, 000660.KS, Korean holding companies, Korean securities/brokerage stocks, Korean Power Equipment Sector, 010120.KS, Korean secondary battery sector, 257720.KQ, KOSDAQ, SMH, Neo Semiconductor, Korean shipbuilding sector, 042660.KS