The Final Checklist to Protect My Account Before Hitting the Sell Button | Hong Seon-ae, Lee Da-sol, Meritz Securities Gangnam Premier Center Branch Managers [Yeouido Insight]

Summary

Lee Da-sol, a Meritz Securities branch manager, analyzes recent extreme volatility in the KOSPI and argues the AI capex cycle remains the core market theme. He views Broadcom's selloff as an overreaction and recommends buying on the dip, while reaffirming a long stance on Korean semiconductor leaders like Samsung Electronics and SK hynix. He also advises against frequent trading during high volatility and stresses checking original investment theses.

• The recent market correction is attributed to Broadcom guidance, FX volatility, SpaceX IPO demand, and rising US bond yields.
• Lee Da-sol believes the AI capex cycle (the ‘zeitgeist’) is still intact and not impaired by one data point.
• He sees Broadcom’s post-earnings drop as a buying opportunity because total AI capex continues to grow.
• Korean semiconductor stocks (Samsung, SK hynix) remain the primary beneficiaries of AI infrastructure investment.
• Power equipment and physical AI/robotics sectors are still holding above important technical levels.
• Foreign selling is viewed as profit-taking (‘haircut’) rather than a structural exit from Korea.
• The speaker advises investors to avoid overtrading and to focus on portfolio conviction during volatile periods.
• Key upcoming events include SpaceX listing expiration and options expiry, which could shift foreign flows.