KOSPI Plunges Vertically After 2 PM… Foreigners Bought, So Why? / The Next Rising Stock's Turn Is 'Here' | Director Park Hyun-sang

Summary

Park Hyun-sang reviews the KOSPI's late-session reversal after 2 PM, citing Yemen-Saudi oil headlines, yen carry unwind concerns and technical supply near the 60-day moving averages. He argues the pullback is dip-buyable in Samsung Electronics and SK Hynix, Korean construction and nuclear plays, and a potential shipbuilding and defense rotation, while advising cash into macro events and expecting a better market after Chuseok. He also warns against chasing short-lived theme stocks and remains cautious on entertainment.

• KOSPI rallied early then reversed after 2 PM on geopolitical and yen carry headlines.
• Samsung Electronics and SK Hynix Q3 earnings estimates were trimmed on FX, but he would buy a deeper pullback.
• Korean construction and nuclear names such as Doosan Enerbility, Daewoo E&C and GS E&C are a leadership group with data center, nuclear and low PBR support.
• Shipbuilding and defense is the next rotation candidate if semiconductors rest.
• Entertainment stocks such as SM Entertainment and HYBE still lack a strong catalyst.
• Cash should be built before CPI, FOMC and BOJ, then deployed on pre-Chuseok weakness.
• KOSDAQ and mid-small stocks may move tactically if US markets are flat to slightly higher.