Ideas
KOSPI faces near-term critical juncture
The KOSPI failed to hold above its 120-day moving average and fell back, while the AI speed-control narrative and macro uncertainty around FOMC, rates, oil, and FX make this a critical near-term juncture. He advises trimming overexposure, keeping cash around 20%, and rotating into other sectors rather than exiting the market.
Reduce Korean semiconductor exposure on AI slowdown
AI speed-control moves by frontier AI leaders such as Anthropic, OpenAI, and Musk could slow memory order growth and delay monetization for Korean memory suppliers. Fundamentals are not destroyed, but price action has broken below the 120-day moving average; he cut his semiconductor up/down probability from 60/40 to 40/60 and recommends reducing exposure to a maximum of 30%, with current exposure around 20%, and not increasing above 50%.
Oil may spike on Saudi supply cuts
Saudi Arabia is producing at its lowest level in 30 years, so oil prices could spike. A spike would make inflation less stable and increase the risk of rate-hike events, making oil a useful hedge.
Prefer US software over AI hardware
The US software ETF price trend is not bad, while AI hardware may break. Within the AI trade, he sees potential rotation from hardware toward software, power, and energy.
Prefer US software over AI hardware
The US software ETF price trend is not bad, while AI hardware may break. Within the AI trade, he sees potential rotation from hardware toward software, power, and energy.
Power and chip equipment worth watching
He had been conservative on power equipment and semiconductor equipment/materials, but now says both are worth watching as likely rotation beneficiaries.
Add energy, nuclear, renewables as hedges
Amid macro uncertainty and the need for portfolio diversification, he added energy exposure and recommends watching energy, nuclear, renewable, and wind-power names as hedges.
Reduce Korean pharma/biotech exposure
He has discussed pharma/biotech for a long time, but share prices remain too weak; he reduced bio exposure by 5% and thinks the sector still needs trimming.
Korean cosmetics upside remains; watch ODM names
Korean cosmetics exports hit a record and structural changes are underway, leaving upside open. He flags HanKook Kolmar, Cosmax, and Silicon2 as names to watch.
Korean telecom equipment rebound setup
US-China regulation and future 5G, 6G, satellite, and quantum-security risks could force telecom equipment replacement. Korean telecom equipment stocks have been depressed for a long time, so a rebound/theme move is possible.
SM Entertainment has more upside
SM formed a bottom in June-July and rebounded from 63,900 won to 86,000 won. He thinks entertainment has more upside as a lagging sector while semiconductors are less favored.
Won strength pressures Korean automakers
Won strength has hurt automakers and may continue into the first half of next year, weighing on earnings. He says attaching robot valuation before the main business improves is premature, so auto exposure should be trimmed.
Korean Air benefits from FX and cargo
Korean Air benefits from favorable FX and rising cargo rates; its large dollar-linked costs and liabilities mean won strength can offset higher oil prices.
KEPCO benefits if won strengthens
KEPCO has large dollar-denominated debt, so if dollar weakness and won strength continue, it is worth watching.
KB Financial is stable portfolio hedge
KB Financial has a stable chart and could benefit if dollar strength/won weakness continues or US Treasury yields rise; he suggests holding a small boring hedge like this for diversification.
SK Innovation benefits from refining margins
If oil spikes, refining margins can improve; he mentioned SK Innovation as an energy/hedge position and suggests owning refining-margin beneficiaries.
This 3PRO TV (삼프로TV) video, published September 14, 2026,
features Lee Jae-kyu
discussing EWY, Korean semiconductor sector, 005930.KS, 000660.KS, WTI, IGV, SMH, Korean semiconductor equipment/materials sector, Korean Power Equipment Sector, XLE, SOLAR, URA, Wind Power, XLV, KORU, 257720.KQ, 192820.KS, 161890.KS, Korean telecom equipment sector, Korean Entertainment Sector, 041510.KQ, Korean automakers, 005380.KS, 003490.KS, 015760.KS, 105560.KS, 096770.KS.
16 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Jae-kyu
· Tickers:
EWY,
Korean semiconductor sector,
005930.KS,
000660.KS,
WTI,
IGV,
SMH,
Korean semiconductor equipment/materials sector,
Korean Power Equipment Sector,
XLE,
SOLAR,
URA,
Wind Power,
XLV,
KORU,
257720.KQ,
192820.KS,
161890.KS,
Korean telecom equipment sector,
Korean Entertainment Sector,
041510.KQ,
Korean automakers,
005380.KS,
003490.KS,
015760.KS,
105560.KS,
096770.KS
