[May Monthly Outlook] AI semiconductors created a bull market, checking the May domestic stock market outlook and investment strategies.

[5월 월간전망] AI 반도체가 만든 강세장, 5월 국내 증시 전망 및 투자 전략 점검해봅니다. | 체슬리투자자문 박세익 전무
Watch on YouTube ↗  |  May 09, 2026 at 00:00  |  54:28  |  Chesley Investment Advisory (체슬리투자자문)
Speakers

Summary

Park Se-ik reviews April performance and gives a May outlook for Korean equities. He expects the KOSPI to rally to 7,250 by May 22 then pull back, driven by semiconductors and valuation. He recommends buying Bitcoin in late October, rotating from Korea to US stocks, and selling KOSDAQ by early June.

  • KOSPI surged 30.6% in April, outperforming global markets.
  • Semiconductor momentum (Samsung, Hynix) remains the key driver.
  • May 22 leveraged ETF listing for Samsung/Hynix is a catalyst to sell.
  • Bitcoin is recommended as a buy at end of October 2026.
  • US Nasdaq expected to rise for 2-3 more months with no crash risk.
  • Portfolio rotation from Korean to US equities executed today.
  • KOSDAQ should be sold by late May/early June due to seasonal weakness.
  • Won/dollar stability supports export stocks; high-yield spread signals no imminent crisis.
Trade Ideas
Park Se-ik CEO, ex-Chief Strategist 22:06
KOSPI bullish until May 22 then reduce
KOSPI will rally from 6,315 to 7,250 in May, peaking around May 22 due to the Samsung Electronics/SK hynix leveraged ETF listing, after which a slight pullback is expected. The bull market is supported by strong semiconductor momentum, attractive valuations, and China's economic recovery. Reduce positions after May 22.
EWY HIGH
Park Se-ik CEO, ex-Chief Strategist 22:06
Buy stocks before May 22, sell thereafter
Samsung Electronics and SK hynix will benefit from strong DRAM demand, operating margin improvement, and ETF inflows. The May 22 leveraged ETF listing will create an overshoot, providing an opportunity to sell after the event. Also, SK hynix's ADR listing may cause a short-term pop to sell into.
005930.KS 000660.KS HIGH
Park Se-ik CEO, ex-Chief Strategist 30:44
Sell KOSDAQ by early June 2026
KOSDAQ should be reduced or exited by late May to early June. The market has not broken resistance, a sell signal appeared, and even-year second halves are historically weak. He specifically mentions KOSDAQ 150 ETF and active ETFs.
KOSDAQ 150 MED
Park Se-ik CEO, ex-Chief Strategist 40:04
Buy Bitcoin in late October 2026
Bitcoin is a leading indicator for risk assets. After the current pullback, the market is expected to recover post-US midterm elections in late 2026. He explicitly recommends buying Bitcoin at the end of October 2026, expecting a rally.
BTC HIGH
Park Se-ik CEO, ex-Chief Strategist 47:51
Nasdaq bullish next 2-3 months
He executed a tactical rotation in his robotic advisor: selling Korean equity ETFs and buying US equity ETFs. He expects the Korean rally to moderate over the next 5 months while the US, which lagged, will catch up. This is a relative-value trade overweighting US vs Korea.
QQQ MED
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This Chesley Investment Advisory (체슬리투자자문) video, published May 09, 2026, features Park Se-ik discussing EWY, 005930.KS, 000660.KS, KOSDAQ 150, BTC, QQQ. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: EWY, 005930.KS, 000660.KS, KOSDAQ 150, BTC, QQQ