If you chase rebounding stocks, you'll get stuck… Now is the time to separate the wheat from the chaff

Summary

KOSPI surged early with a buy-side circuit breaker but reversed late to close only +0.74% as foreign futures selling erased gains. The panel discusses reasons including Alphabet earnings anxiety, oil/Red Sea tensions, and thin futures liquidity. Lee Kwon-hee advises against chasing the bounce, suggests selling the robot stock pop, and highlights opportunities in shipbuilding engines and Korea Aerospace (BlackRock buying). Jang Ho-jin sees SK Eternix as the core AI data center play, expects semiconductor equipment stocks to lead the next rally, and targets a KOSDAQ rebound by September. He also watches construction and shipping for near-term catalysts.

• KOSPI rallied to 7,166 before reversing late, closing at 6,797; foreign futures selling and thin order books blamed.
• Alphabet earnings tomorrow seen as key event risk; poor AI product showing and capex doubts fuel caution.
• SK Eternix flagged as prime beneficiary of SK Group’s 15GW AI data center with KKR and big‑tech funding.
• Semiconductor equipment/materials stocks like PSK Holdings, Hanmi Semi seen as the next leg of the AI hardware trade.
• Robot stocks rallied a second day but are viewed as a technical bounce to sell, not a trend reversal.
• Shipbuilding engine names (Hanwha Engine, HD Hyundai Marine Engine) favored on global demand and Chinese yard supply.
• BlackRock’s 5%+ stake disclosure in Korea Aerospace Industries pushed the stock higher.
• KOSDAQ expected to mount a serious rebound in September after leveraged ETF regulations and heavyweights stabilize.
• Construction stocks (GS E&C, Hyundai E&C, Daewoo E&C) watched for a short-term bounce on nuclear project hopes.
• Shipping stocks like HMM may spike if Red Sea blockage escalates again.