Will Foreigners' 'Storm Buying' Continue Next Week? Samsung Electronics and SK Hynix Futures Position / June FOMC Hangs in the Balance for Korean Stocks | Mirae Asset Global Investments Director Choi Chang-gyu

Summary

Mirae Asset Director Choi Chang-gyu provides weekly market analysis. He covers the SpaceX IPO impact, AI semiconductor themes, and specific stock ideas: a buy call on Samsung Electro-Mechanics after ETF rebalancing dip, a pair view favoring SK Hynix over Samsung Electronics based on foreign futures flows, and watch ideas on Cerebras Systems and Kioxia Holdings. He also emphasizes monitoring FOMC language and space tech ETF flows.

• US markets rallied on SpaceX IPO, improved consumer sentiment, and Iran-US peace progress.
• Retail investors bought AI infrastructure stocks (Micron, ARM, Broadcom) while selling Tesla and Intel.
• SpaceX (SPCX) debuted at $150, hit $176, and closed near $160, driving space tech ETF interest.
• ETF rebalancing caused mechanical selling in Samsung Electro-Mechanics, creating a buy-the-dip thesis.
• Foreign derivatives positioning shows long SK Hynix futures and short Samsung Electronics futures.
• Cerebras Systems is highlighted as a fast inference supplier with a $20B OpenAI deal and speed advantage over Nvidia.
• Kioxia is pitched as a pure NAND play benefiting from AI storage demand and a memory cycle upswing.
• FOMC meeting is key – removal of 'patient' language could trigger US dollar strength and pressure growth stocks.