[#RealMarket] US Interest Rate Hike Fear Reignites.. Samsung Electronics, SK Hynix Foreigner Futures Options Position Analysis "Will a Black Monday Crash Come?" | Mirae Asset Global Investments Director Choi Chang-gyu

Summary

Choi Chang-gyu analyzes the sharp US market selloff triggered by stronger-than-expected employment data, which reignited rate hike fears and crushed tech and semiconductor stocks. He examines foreign investor positioning in futures and options, notes a rotation from broad semiconductor ETFs into single-stock leveraged products, and recommends shifting from tech to bank/high-dividend stocks amid high volatility. The BOK's hawkish stance and upcoming macro data (CPI, PPI, FOMC) are key risks to monitor.

• US May nonfarm payrolls beat expectations, causing rate hike fears and a 4%+ drop in Nasdaq.
• Semiconductor stocks (Nvidia, Micron, AMD) led declines, but Choi sees it as rate sensitivity, not AI demand collapse.
• Foreign investors are net short KOSPI200 futures and have sold Korean equities via non-arbitrage baskets.
• Retail investors are shifting from broad semiconductor ETFs to single-stock leveraged products for SK Hynix and Samsung.
• Choi suggests rotating from tech into Korean bank stocks and high-dividend ETFs for lower volatility.
• The BOK held rates but signaled possible hikes, with the dot plot showing 1-3 rate increases in six months.
• SpaceX IPO on June 12 and Unitree (humanoid robot) IPO may attract global capital flows.
• Upcoming US CPI, PPI, and Michigan inflation expectations will be critical for market direction.