June 23 Closing Market Review: KOSPI Plunges 10%... The Real Reason That Collapsed the Market

Summary

The episode covers the dramatic June 23 sell-off where KOSPI plunged 9.99% and KOSDAQ fell 7.94%, triggering circuit breakers. Guests Lee Kwon-hee and Kim Jang-yeol attribute the crash to profit-taking, global rebalancing, and algorithmic selling rather than fundamental deterioration. They highlight buying opportunities in Samsung Electronics, SK hynix, Hyundai Motor, and EcoPro, and suggest watching Hyosung Heavy Industries for a pullback entry. Both speakers expect a near-term rebound, especially in semiconductor leaders.

• KOSPI fell 9.99% to 8,203, triggering circuit breakers; KOSDAQ fell 7.94% to 891.
• Lee Kwon-hee attributes the sell-off to global pension fund semi-annual rebalancing and algorithmic selling, not fundamentals.
• Kim Jang-yeol notes that foreigners turned net buyers of KOSPI futures in late trading, signaling a likely bounce.
• Both guests stress that semiconductor stocks (Samsung Electronics, SK hynix) will lead any recovery and present buying opportunities.
• Lee Kwon-hee views Hyundai Motor as undervalued with a strong valuation floor near 500,000 KRW and a buy opportunity.
• Lee Kwon-hee advises watching Hyosung Heavy Industries for a dip entry, as power equipment stocks are poised to move after semiconductors rest.
• The speakers dismiss Bank of America's rate hike calls as outdated and politically influenced.