July 31, 2026 Afternoon Broadcast Full View: AI Bubble Concerns Dismissed, Semiconductor Sentiment Recovers with a Sharp Rebound! Historic Rollercoaster KOSPI — Cheers or Anxiety?

Summary

On July 31, 2026, the KOSPI experienced a historic single-day surge of nearly 18%, with major semiconductor stocks like SK hynix and Samsung Electro-Mechanics hitting their daily limit up. The panel attributes the rebound to record foreign buying exceeding 7 trillion won, massive short covering following the forced liquidation of a large leveraged hedge fund, and reassuring Amazon and Microsoft comments on AI capital expenditure sustainability. They debate whether this marks a genuine market bottom or a tactical bounce, offering ideas centered on deeply undervalued Korean semiconductors, financials, and a cautious view on KOSDAQ.

• KOSPI rallies nearly 18%, KOSDAQ 11% in the biggest single-day surge on record.
• SK hynix, Samsung Electro-Mechanics, and many other large-caps hit the daily limit-up.
• Record foreign net buying of about 7 trillion won driven by short covering and forced liquidation unwind.
• Key catalyst: Amazon confirms data center AI investments pay back in 3 years, easing AI capex concerns.
• Panelists see deep undervaluation in Samsung Electronics and SK hynix based on PBR and earnings multiples.
• Kim Jang-yeol and others recommend buying semiconductor leaders and equipment stocks on dips.
• Lee Kwon-hee and Min Jae-gi expect a KOSPI bottom and target 7,000 within a few weeks.
• Jeong Tae-geun views the rally as a tactical dead-cat bounce to previous highs, not a new bull run.
• Cha Young-joo stresses following earnings; Samsung Electronics at 4.5x PER is a strong buy.
• Korean financials (banks, insurers) are favored by Jeong Tae-geun for higher-rate-driven earnings and dividends.
• KOSDAQ and secondary batteries are seen as laggards and advised to be avoided or underweighted.