[26.08.04 Afternoon Broadcast Full View] Trading Volume Plummets in Rollercoaster KOSPI Market... Investors Leaving KOSPI, KOSDAQ Soaring Amid Semiconductor Correction

Watch on YouTube ↗ | August 04, 2026 at 11:00 | 4:39:36 | 3PRO TV (삼프로TV)

Speakers

Kim Jang-yeol — Reporter, The Bell

Lee Kwon-hee — CEO, Economist

Lee Gyeong-min — Manager

Hwang Yoo-hyun — Private Banker Team Lead, NH Investment & Securities

Summary

The August 4 afternoon broadcast covers a strong rotation from semiconductor heavyweights into KOSDAQ and small/mid-cap names, with KOSDAQ surging 5.8% as KOSPI ekes out a 1.6% gain. Hosts and guest experts discuss the normalization after leverage ETF liquidations and credit unwind, identifying themes such as defense, nuclear/construction, power equipment, neo-cloud (Naver), and biotech/robotics. Key calls include buying oversold Samsung Electronics and SK hynix, sector plays in defense and construction, and a KOSPI target of 9,300 based on deep value.

KOSDAQ 5.8% rally driven by biotech, robotics, and rotation from large-cap semiconductors.
Leverage ETF deleveraging and credit balance reset create a healthier market base.
Defense stocks surge on overseas order momentum and attractive valuations.
Nuclear and construction plays benefit from US investment expectations and data center build-out.
Heatwave and AI data centers drive power equipment and grid infrastructure demand.
Naver re-rated as neo-cloud play on data center JV and foreign buying.
KOSPI target 9,300 supported by extremely low P/E and improving non-semiconductor exports.
Semiconductors remain fundamentally strong but face near-term overhang; buying on dips advised.

Ideas

Kim Jang-yeol Reporter, The Bell 10:31

Memory oversold, AI demand intact.

Semiconductor memory demand remains robust with hyperscaler capex increasing, multi-year LTA contracts being secured, and Chinese memory threat exaggerated. Samsung Electronics and SK hynix are extremely oversold (P/E 4x) relative to stable earnings, offering a strong buying opportunity as market recovers from leverage-driven sell-off.

Lee Kwon-hee CEO, Economist 14:04

Biotech, robotics policy catch-up rally.

Korean biotech and robotics stocks are catching up to US biotech strength, supported by a 1 trillion won government policy fund for Phase 3 clinical trials, KOSDAQ tier system expectations, and specific names like Voronoi (lung cancer drug) directly benefiting. Robotics names like Robotis and SPG are also strongly rebounding.

Kim Jang-yeol Reporter, The Bell 25:19

Defense orders, cheap valuations.

Defense stocks (LIG Nex1, Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem) are surging on strong earnings, accelerating overseas orders from Poland, Middle East, Southeast Asia, and attractive valuations (P/E ~20x) after an extended consolidation period.

Kim Jang-yeol Reporter, The Bell 27:00

Naver becoming neo-cloud infrastructure play.

Naver is being re-rated as a neo-cloud infrastructure play akin to CoreWeave, driven by its recent data center joint venture with a $10bn investment, and strong foreign buying. The divergence from Kakao confirms specific cloud infrastructure catalyst rather than general software rebound.

Kim Jang-yeol Reporter, The Bell 30:42

Heatwave and AI drive power equipment.

Power equipment stocks (Hyosung Heavy Industries, Hyundai Electric, Daehan Cable, SK Eternix) surged due to record heatwave driving electricity demand and AI data center build-out; the heatwave in Europe is forcing air-conditioner adoption and grid upgrades, creating a structural power infrastructure investment theme.

Kim Jang-yeol Reporter, The Bell 38:00

Nuclear, construction on policy and orders.

Nuclear power and construction stocks are rallying on expectations of US investment acceleration (with USDJPY intervention helping KRW), nuclear order momentum, AI data center construction, and government real estate supply measures. Daewoo Engineering reported strong earnings surprise, adding to positive sentiment.

Lee Gyeong-min Manager 84:30

KOSDAQ rotation, tier system catalyst.

KOSDAQ is strengthening as bond yields decline and the KOSDAQ tier system (selection) is expected to lift small/mid-caps. Semiconductor equipment/materials and biotech are the leading candidates; active fund positioning confirms the rotation from large-cap semiconductors.

Lee Gyeong-min Manager 102:30

KOSPI 9,300 target, deeply undervalued.

KOSPI index is trading at deeply undervalued levels (P/E 4-5x), comparable to financial crisis lows, while earnings continue to improve and non-semiconductor exports recover. Even without a re-rating to the historical average, normalization to 8x P/E supports a target of 9,300.

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This 3PRO TV (삼프로TV) video, published August 04, 2026, features Kim Jang-yeol, Lee Kwon-hee, Lee Gyeong-min discussing 005930.KS, 000660.KS, 310210.KQ, 307900.KQ, 108490.KQ, 058610.KQ, 012450.KS, 064350.KS, 079550.KS, 047810.KS, 035420.KS, 267260.KS, 298040.KS, 001440.KS, SK이터닉스, 034020.KS, 000720.KS, 047040.KS, 375500.KS, 229200.KS, 069500.KS. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jang-yeol, Lee Kwon-hee, Lee Gyeong-min · Tickers: 005930.KS, 000660.KS, 310210.KQ, 307900.KQ, 108490.KQ, 058610.KQ, 012450.KS, 064350.KS, 079550.KS, 047810.KS, 035420.KS, 267260.KS, 298040.KS, 001440.KS, SK이터닉스, 034020.KS, 000720.KS, 047040.KS, 375500.KS, 229200.KS, 069500.KS