Foreigners betting on KOSPI downside are tearfully cutting losses | Lee Kwon-hee, CEO of Wizewave [Double Up]

Summary

Lee Kwon-hee, CEO of Wizewave, discusses the strong Korean stock market rally. He recommends buying Samsung Electronics and SK Hynix aggressively, citing low valuations and structural semiconductor demand. He is also bullish on Hyundai Motor, targeting 20x PER due to its physical AI transformation. Foreign investors are covering shorts, supporting the large-cap-led uptrend.

• Lee Kwon-hee expects further upside in Korean large-cap stocks.
• He recommends buying Samsung Electronics and SK Hynix due to low PER (5-6x) and strong earnings.
• Hyundai Motor is seen as undervalued with a target of 20x PER (current ~14x).
• Foreign investors are covering short positions, adding fuel to the rally.
• The market is in a strong bull trend; investors should hold until bad news appears.
• Semiconductor demand is shifting to custom DRAM, benefiting Korean memory makers.
• Small-cap KOSDAQ needs policy catalysts to attract foreign flows.
• The upcoming US-China summit is expected to have a moderate, non-disruptive outcome.