July 6 Pre-Market: U.S. Closed Friday; Samsung Electronics Earnings and SK Hynix ADR Listing Decide Korean Market's Fate

Summary

The panel discusses the Korean market ahead of Samsung Electronics' Q2 earnings and SK Hynix's Nasdaq ADR listing, viewing both as pivotal events. Strong memory demand, foundry turnaround, and semiconductor equipment are highlighted, while cosmetics, securities, and construction sectors also present opportunities.

• Samsung Electronics' Q2 earnings and SK Hynix's ADR listing on July 11 are seen as the week's key catalysts for the Korean market.
• Memory cycle remains strong with Q3 DRAM price hikes of up to 20% and no fundamental risks, making Samsung and SK Hynix buy-on-dip candidates.
• Samsung Foundry is gaining traction with 2nm orders from Meta and Anthropic, adding a new growth layer beyond memory.
• HBM equipment stocks like Hanmi Semiconductor and Techwing are flagged as laggards with catch-up potential from Micron's expansion.
• Domestic sectors such as cosmetics (Kolmar Korea), securities (Mirae Asset), and data-center construction (GS Engineering, Samsung C&T) show strong earnings and momentum.
• Canada's submarine award could trigger a move in Hanwha Ocean, though the outcome remains binary with split-award risk.
• Extreme volatility from single-stock leveraged ETFs continues to distort market flows, especially in KOSDAQ.