Morgan Stanley Says Sell Samsung and SK Hynix: Real Reason Behind Today's Crash? Foreigners Buy 1.8 Trillion Won at Close, Sign of Hope? | Director Park Hyun-sang

Summary

Director Park Hyun-sang analyzes a brutal KOSPI sell-off where Samsung Electronics and SK Hynix crashed despite record earnings, driven by a Morgan Stanley report, leveraged ETF distortions, and chronic 'sell-on-news' behavior. He notes heavy foreign buying at the close as a hopeful sign for a near-term bounce and advises watching the two memory leaders for stabilization. He also highlights Samsung's cheap valuation and strong upcoming earnings, while pointing to resilient biotech and cosmetics names as relative strength leaders.

• Samsung Electronics reported record 89.4 trillion won operating profit, but the market crashed sharply.
• A Morgan Stanley report recommending memory reduction and rotation to US hyperscalers contributed to the selling.
• Leveraged ETFs on Samsung and SK Hynix are amplifying volatility and distorting market health.
• Foreigners bought 1.8 trillion won in spot and futures near the close, suggesting a possible short-term rebound.
• Samsung's PER fell to 6-7x, making it undervalued against strong earnings momentum extending into Q3.
• Biotech, cosmetics, and HYBE showed relative strength on the weak day and may lead on recovery.
• Defense and shipbuilding sectors are heavily beaten down on market panic and may offer value after stabilization.