[August 25th Afternoon Broadcast Full View] Foreigners Selling Amid NVIDIA Earnings, Jackson Hole Caution... WSJ 'Korean Stock Market, Roller Coaster of Fear'

[August 25th Afternoon Broadcast Full View] Foreigners Selling Amid NVIDIA Earnings, Jackson Hole Caution... WSJ "Korean Stock Market, Roller Coaster of Fear
Watch on YouTube ↗  |  August 25, 2026 at 11:07  |  4:45:31  |  3PRO TV (삼프로TV)
Speakers
Kim Jang-yeol — Reporter, The Bell
Lee Kwon-hee — CEO, Economist
Kim Han-jin — Economist
Hwang Yoo-hyun — Private Banker Team Lead, NH Investment & Securities
Lee Ji-hwan — CEO, Aurora Investment Advisory

Summary

The video discusses the recent volatility in the Korean stock market, heavily influenced by foreign selling and concerns over semiconductor earnings. Experts analyze the impact of US macroeconomic factors, such as rising Treasury yields and potential rate cuts, on different sectors. They highlight opportunities in cosmetics, nuclear power, and semiconductor equipment, while advising caution on KOSDAQ's short-covering rallies and SK Square's disconnected valuation.

  • Foreign investors continue to sell Korean equities, causing high volatility in the market.
  • US Treasury yields are expected to rise structurally due to fiscal deficits, impacting global markets.
  • Samsung Electronics and SK hynix's new shareholder return policies are seen as a positive step to resolve the Korea discount.
  • Cosmetics ODM companies are hitting new highs driven by the global expansion of K-beauty and sun care products.
  • Nuclear power and construction stocks are gaining momentum from expectations of US SMR subsidies and investment projects.
  • SK Square is no longer considered a good proxy for SK hynix as its correlation has broken and its holding company purpose is unclear.
  • KOSDAQ's recent rallies are largely attributed to short-covering by foreign investors rather than a structural uptrend.
Ideas
Kim Jang-yeol Reporter, The Bell 11:36
US investment projects drive construction and nuclear.
US SMR and nuclear projects will likely receive government subsidies to match solar power costs, driving growth. The charts have formed a nice uptrend, making it a good time to buy on dips.
000720.KS MED
Kim Jang-yeol Reporter, The Bell 11:36
US investment projects drive construction and nuclear.
Expectations for the first US investment project announcement are driving momentum for construction and nuclear power companies.
047040.KS MED
Kim Jang-yeol Reporter, The Bell 25:28
US fab pressure benefits Korean equipment suppliers.
US pressure on Korean chipmakers to build memory fabs in the US is positive for equipment suppliers, creating a new narrative for growth.
SMH MED
Lee Kwon-hee CEO, Economist 33:01
Substrate stocks are bottoming and trending up.
Substrate stocks are bottoming out and their charts are forming a nice uptrend, showing stronger momentum than other tech hardware.
356860.KQ 222800.KQ MED
Lee Kwon-hee CEO, Economist 33:37
Unfairly dropped despite strong earnings growth expectations.
The stock dropped unfairly in tandem with nuclear stocks, despite expectations for strong earnings growth and a doubling of operating profit.
090460.KS HIGH
Lee Kwon-hee CEO, Economist 35:41
US subsidies will drive nuclear power growth.
US SMR and nuclear projects will likely receive government subsidies to match solar power costs, driving growth. The charts have formed a nice uptrend, making it a good time to buy on dips.
034020.KS HIGH
Lee Kwon-hee CEO, Economist 45:48
Key beneficiary of Hyundai's governance restructuring.
It is a key beneficiary of Hyundai Motor Group's governance restructuring, as Chairman Chung Eui-sun holds the largest stake.
086280.KS MED
Lee Kwon-hee CEO, Economist 51:27
US exclusion of Chinese robots benefits Robotis.
The US exclusion of Chinese robots benefits Korean actuator makers. Robotis is the top pick due to its humanoid robot developments and diverse lineup.
108490.KQ HIGH
Lee Kwon-hee CEO, Economist 73:54
Dollar weakness makes Bitcoin and gold attractive.
Dollar weakness, potential rate cuts, and central bank buying make alternative and safe-haven assets like Bitcoin and gold attractive.
BTC GLD MED
Lee Kwon-hee CEO, Economist 81:02
Wait for a trend reversal before buying.
The company has strong earnings and orders, but the stock has not yet reversed its downtrend, so investors should wait for a clear breakout before buying.
010120.KS MED
Kim Han-jin Economist 88:11
Shareholder returns will resolve the Korea discount.
Investors should hold both stocks because the upcoming HBM4 cycle and potential shifts in demand toward custom TPUs could alter the market share dynamics between the two.
005930.KS 000660.KS HIGH
Kim Han-jin Economist 102:41
Fiscal deficits will drive Treasury yields higher.
Long-term yields will structurally rise due to massive fiscal deficits, increased bond issuance, and inflation uncertainty, leading to lower bond prices.
TLT HIGH
Kim Jang-yeol Reporter, The Bell 159:02
AI data center value is underappreciated.
The value of its AI data center business is not fully reflected in the stock price. A sum-of-the-parts valuation suggests significant upside, and it is also expanding into robot orchestration.
018260.KS HIGH
Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 199:09
Correlation with SK hynix has broken completely.
It was originally intended to be a holding company for semiconductor equipment, but it is selling off those assets, leaving its valuation proposition and purpose unclear.
402340.KS HIGH
Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 214:01
Global K-beauty expansion drives ODM earnings.
The global expansion of K-beauty, especially the year-round demand for sun care products, is driving strong earnings and pushing ODM stocks to new highs.
161890.KS 241710.KQ 192820.KS HIGH
Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 221:15
Benefiting from Samsung SDI's capex expansion.
These companies will benefit from Samsung SDI's capex expansion, which is being funded by its recent stake sale in Samsung Display.
091580.KQ 006110.KS 066970.KS MED
Lee Ji-hwan CEO, Aurora Investment Advisory 259:25
KOSDAQ rallies are just short-covering bounces.
Recent KOSDAQ rallies are merely short-covering driven by the liquidation of semiconductor long positions by foreigners, not a structural uptrend.
KOSDAQ HIGH
Lee Ji-hwan CEO, Aurora Investment Advisory 269:37
Falling oil prices benefit consumer discretionary stocks.
Falling oil prices alleviate inflation concerns, which boosts consumer purchasing power and benefits consumer discretionary stocks like cosmetics.
XLY MED
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3PRO TV (삼프로TV) · Aug 25

This 3PRO TV (삼프로TV) video, published August 25, 2026, features Kim Jang-yeol, Lee Kwon-hee, Kim Han-jin, Hwang Yoo-hyun, Lee Ji-hwan discussing 000720.KS, 047040.KS, SMH, 356860.KQ, 222800.KQ, 090460.KS, 034020.KS, 086280.KS, 108490.KQ, BTC, GLD, 010120.KS, 005930.KS, 000660.KS, TLT, 018260.KS, 402340.KS, 161890.KS, 241710.KQ, 192820.KS, 091580.KQ, 006110.KS, 066970.KS, KOSDAQ, XLY. 18 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jang-yeol, Lee Kwon-hee, Kim Han-jin, Hwang Yoo-hyun, Lee Ji-hwan  · Tickers: 000720.KS, 047040.KS, SMH, 356860.KQ, 222800.KQ, 090460.KS, 034020.KS, 086280.KS, 108490.KQ, BTC, GLD, 010120.KS, 005930.KS, 000660.KS, TLT, 018260.KS, 402340.KS, 161890.KS, 241710.KQ, 192820.KS, 091580.KQ, 006110.KS, 066970.KS, KOSDAQ, XLY