Stock Market Crash After Local Elections? The Real Variable Is Elsewhere_26.06.02. | Jung Woo-chang, Yeo Do-eun, Heo Jae-mu [Morning N Investment]

Watch on YouTube ↗  |  June 02, 2026 at 02:38  |  54:09  |  3PRO TV (삼프로TV)
Speakers
Jung Woo-chang — Director

Summary

Jung Woo-chang discusses the AI megatrend, emphasizing that the next phase will favor US companies, and advises Korean investors to allocate to US equities. He is bullish on Samsung Electronics and SK hynix due to the AI memory supercycle and valuation expansion potential, and warns against holding KOSDAQ stocks lacking AI exposure. The video also covers the upcoming SpaceX IPO and cautions that stocks tied to Jensen Huang's Korea visit may face a sell-off post-event.

  • AI remains the dominant investment theme; current phase is infrastructure build.
  • Jung recommends allocating 10-20% to US equities to benefit from the next AI wave.
  • Samsung and SK hynix are core positions due to AI memory cycle and possible valuation re-rating.
  • KOSDAQ is unattractive because most of its top companies lack direct AI linkage.
  • SpaceX IPO is expected to rally initially due to tight float and index inclusion demand.
  • Stocks that ran on Jensen Huang visit expectations (Hyundai, LG, Naver) may sell off on the news.
  • Local elections are not the primary driver of the Korean market; earnings and macro are key.
  • Geopolitical and oil risks could increase near-term volatility.
Trade Ideas
Jung Woo-chang Director 6:50
Allocate portion to US equities now.
The AI revolution is currently in the infrastructure build phase, and the next phase will be dominated by killer services and large platforms, which are likely to be led by US companies. Therefore, even Korean-focused investors should allocate a portion (e.g., 10-20%) to US equities now to benefit from the upcoming wave, rather than trying to time entry later.
SPY HIGH
Jung Woo-chang Director 8:57
Samsung and SK hynix are core holdings.
Samsung Electronics and SK hynix are core holdings given their combined 50% weight in KOSPI and their direct exposure to the AI memory supercycle. The recent labor strike is resolved, Goldman Sachs has raised earnings estimates sharply, and valuation may expand from PBR to PER as the market re-rates them. Not holding these stocks is a significant relative risk.
005930.KS 000660.KS HIGH
Jung Woo-chang Director 35:07
Sell Jensen visit rally stocks.
Stocks that have rallied on expectations of Jensen Huang's visit to Korea (Hyundai Motor, LG Electronics, Naver, and others) are at risk of a sell-the-news event. The market has pre-empted the actual meetings, and once concrete announcements are made, profit-taking is likely. Investors should be cautious around these names.
066570.KS 005380.KS 035420.KS MED
Jung Woo-chang Director 41:21
Avoid KOSDAQ due to low AI exposure.
The KOSDAQ index has very few companies with direct AI exposure, so it lacks a compelling investment rationale. It is likely to continue underperforming relative to the KOSPI, which hosts the major AI beneficiaries.
KOSDAQ MED
Jung Woo-chang Director 48:38
SpaceX IPO likely to rally initially.
SpaceX is listing on NASDAQ on June 12, with a projected market cap of ~$175B. The initial float is only 5%, insiders are locked up for 3-6 months, and early index inclusion is expected. This supply-demand imbalance makes a strong initial rally likely. However, after lockups expire, selling pressure may emerge.
SPACEX HIGH
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This 3PRO TV (삼프로TV) video, published June 02, 2026, features Jung Woo-chang discussing SPY, 005930.KS, 000660.KS, 066570.KS, 005380.KS, 035420.KS, KOSDAQ, SPACEX. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jung Woo-chang  · Tickers: SPY, 005930.KS, 000660.KS, 066570.KS, 005380.KS, 035420.KS, KOSDAQ, SPACEX