After Stock Price Soars, Foreigners Sell 1.6 Trillion Won in Futures… I'm More Excited for the Future Stock Market / SK Hynix, This is How I'll Trade | Hwang Yuhyun Team Leader

Summary

Hwang Yuhyun, PB team leader at Shinhan Investment, analyzes the Korean market after a sharp bounce. He notes foreign buying in spot and futures is regaining control, but SK Hynix's short-term trend is broken and needs a base before re-entry. He is bullish on semiconductor front-end equipment stocks breaking out, driven by ASML's strong earnings and capex. He expects volatility to ease and rotation ahead of earnings season.

• Foreigners bought heavily in spot and futures, signaling regained market control.
• SK Hynix saw record volume capitulation, suggesting a near-term low but not a V-shaped recovery.
• Key resistance for SK Hynix is around 230,000 KRW (50% retracement and 20-day line).
• Front-end semiconductor equipment stocks (전공정) are breaking to new highs, benefiting from ASML's strong earnings and capex.
• ETF regulation changes may reduce distortion and support individual stocks.
• The negative feedback loop between Korean and US semiconductors may be ending, aiding stabilization.
• High volatility is exhausting retail investors; the market may now consolidate.
• Rotation into other sectors like biotech and secondary batteries is possible if leaders stabilize.