Don't Be Fooled by Semiconductor Peak-Out Noise. Next Week 'This' Will Be the Key to Ending the Fearful Plunge. | Director Lee Juyeon

Summary

Director Lee Juyeon argues that the KOSPI is deeply oversold and primed for a rebound after the BOK rate hike removed uncertainty. He highlights SK Hynix as extremely undervalued given strong earnings, and expects Korean semiconductors to rally once Big Tech earnings next week clarify capex commitments and funds rotate back into the sector.

• KOSPI is still confirming a low but has fallen to extremes worse than the 2022 tightening cycle, with 89% of KOSPI 200 stocks down over 30%.
• The Bank of Korea's hawkish rate hike was expected, and the absence of a consecutive hike signal is seen as a resolution of the event, easing fears.
• SK Hynix has dropped 42.5% from its high, matching its 2022 loss-era drawdown, despite forward earnings at all-time highs, indicating extreme undervaluation.
• Massive inflows (over 2 trillion won) into US-listed Korea ETFs are absorbing selling pressure and providing a floor for the market.
• Big Tech earnings starting with Alphabet next week are the key catalyst; the current rotation out of semiconductors and into software may reverse if capex plans remain strong.
• The speaker expects a rebound in Korean semiconductors once earnings season clarifies the investment outlook, potentially driving funds back into names like Samsung Electronics and SK Hynix.