Real Market Conditions: Oversold Again… SK Hynix Shock, Why Did KOSDAQ Hold Up? / Is KOSPI Forming a Double Bottom? 'Korean Stocks Move as Foreigners Wish' | Team Leader Hwang Yu-hyeon

Summary

On August 6, KOSPI plunged 4.5% while KOSDAQ closed nearly flat. SK Hynix fell sharply on shareholder return disappointment and memory ASP worries, but oversold indicators signal a potential short-term trading bounce. Hwang Yu-hyeon sees KOSPI trying to form a double bottom, while KOSDAQ is bottoming with strong relative momentum. He favors cosmetics and shipbuilding as the strongest sectors, views secondary batteries and biotech as trading bounces from deeply beaten-down levels, and recommends KOSDAQ index accumulation on dips.

• KOSPI fell 4.5% amid SK Hynix shock but KOSDAQ barely moved, reflecting divergence.
• SK Hynix oversold on shareholder return delay and HBM ASP growth concerns; short-term dip trade setup noted.
• KOSPI is attempting a double bottom pattern but volatility remains very high.
• Cosmetics and shipbuilding are the strongest and most comfortable sectors; individual leaders include PharmaResearch, Silicon2, HD Korea Shipbuilding, Hanwha Ocean.
• Secondary battery (L&F, EcoPro) and biotech (Alteogen-led catch-up) names are seen as bottoming trades, not yet investments.
• KOSDAQ index recommended for broad exposure, with large-cap components offering absolute and relative price merit.
• Foreign investors are regaining control of the market, but overall conditions still require volatility compression.