September 2, 2026 Afternoon Broadcast Full View: Domestic Stock Market Hit by Chain Shocks from War to Interest Rates — Will There Be No Reversal Point in September?
[September 2, 2026 Afternoon Broadcast Full View] Domestic Stock Market Hit by Chain Shocks from War to Interest Rates... Will There Be No Reversal Point in September?
Спикеры
Jang Woo-jin
— Writer
Lee Kwon-hee
— Генеральный директор, экономист
Park Byeong-chang
— Директор, MP Partners
Cha Young-joo
— Директор, Экономический научно-исследовательский институт Wise
Yoo Chang-hee
— Генеральный директор
Shin Wol
— Руководитель группы, Sangsangin Securities
The broadcast covers a heavy KOSPI selloff driven by war, oil, global rates and foreign selling. Guests see a difficult September centered on KOSPI 6,500-7,000 and urge holding cash into FOMC and Chuseok. They still favor selective AI/memory leaders and specific stories such as Alteogen, RFHIC, Gaon Cable and Medytox, while warning on broken charts in LNF, Samsung SDI, Hyundai Motor and Samsung Heavy Industries.
- KOSPI falls nearly 4% to 6,562 and KOSDAQ drops over 2%, with foreign futures and spot selling overwhelming individual and other corporate buying.
- Lee Kwon-hee warns that a KOSPI 6,500 breakdown would require reducing exposure and favors cash plus short-term tactical trades until September event risk clears.
- Jang Woo-jin flags oil as the direct market burden, with WTI above $90 and Brent near $95, and identifies 10-year Treasury 5%, Brent $100 and Dollar Index 100 as credit-risk tripwires.
- Alteogen's positive litigation and Novartis contract news fade on foreign selling, but Lee expects the news to be reflected later.
- Park Byung-chang sets KOSPI range at 6,100-7,500 and gives Samsung Electronics and SK Hynix target zones for selling into strength.
- Cha Young-joo sees a 6,500-7,000 battle and highlights Gaon Cable and Medytox as positive report-driven longs, while treating LNF and Samsung SDI as profit-taking candidates.
- Yoo Chang-hee advises avoiding broken Hyundai Motor and Samsung Heavy Industries, holding strong Shinhan Financial, and remains positive on Samsung and SK Hynix on semiconductor export and AI catalyst news.
- Shin Wol views current high yields as an opportunity to try bonds and still wants AI/memory leaders such as Samsung Electronics and SK Hynix in portfolios.
Идеи
Oil may spike as Hormuz risk tightens.
Jang argues oil is now the main market burden and one of the few places money is actively betting. WTI has broken above $90 and Brent is near $95 after Iran attacked AIS-off tankers in the Strait of Hormuz, proving Iran can target even hidden ships and likely reducing traffic. If Brent touches the symbolic $100 level, inflation fears and speculative oil bids could push prices sharply higher.
Dollar index 100 signals Korea outflow.
Jang sets three market-risk tripwires: US 10-year yield 5%, Brent $100, and Dollar Index 100. If these are touched, he expects credit stress rather than just a semiconductor reversal, so investors should watch them and hold cash before any breakout.
Break of KOSPI 6,500 means reduce.
Park keeps KOSPI downside at 6,100 and upside at 7,500. With the index near 6,560 and the 21-day average around 6,600, failure to recover that average keeps the market in an uncomfortable September range; below 6,500 opens 6,100, while recovery above 6,600 would restore stock rotation.
AI telecom demand supports RFHIC rebound.
Lee highlights RFHIC after a strong analyst report set a 150,000 target. The thesis is that AI expansion increases telecom equipment demand and upcoming spectrum auctions are not yet reflected; the stock's earlier decline was macro-driven, so he sees it as a small part-time long setup.
Avoid Hanjin KAL governance-driven swings.
Lee says Hanjin KAL is in a recurring management-control fight and tends to swing sharply on governance news rather than fundamentals. He advises caution rather than treating the rally as a fundamental long.
Alteogen positive news will eventually reflect.
Lee argues Alteogen had two major positives—remaining Halozyme litigation was dismissed and a 4.4 trillion won Novartis platform contract was announced—yet the stock closed lower because foreigners sold amid macro stress. He expects the news to be reflected later, making the decline a lagged positive setup for shares.
Doosan Fuel Cell good news already priced.
Jang says Doosan Fuel Cell announced a 500 billion won fuel-cell supply contract with a US subsidiary but fell over 10%. The data-center catalyst was already known after a 2x rally, and the market lacks liquidity to chase good news. He advises not aggressively buying AI capex-linked names here.
Sell Samsung/Hynix into target zones.
Yoo stays positive on SK Hynix and Samsung Electronics because semiconductor news remains good: Dell's AI-server backlog nearly doubled, next week's AI Infrastructure Summit is coming, Broadcom can confirm data-center demand, and August semiconductor exports hit a record despite stronger won. He expects semiconductor stocks to resume normal positive response.
Take profits as LNF breaks down.
Cha notes LNF surged from 60,000 to 150,000 and is now showing two strong bearish candles in a sideways tape. He says this is a take-profit situation, not a fresh buy.
Gaon Cable busduct margin story supports upside.
Cha highlights Gaon Cable after a coverage initiation with a 290,000 target. The differentiated edge is busduct sales for high-power AI/data-center applications, where revenue scales sharply and busduct margins of about 15% are far above legacy cable margins of 2-4%, adding margin expansion to volume growth.
Korean battery rally pauses; take profits.
Cha says the second battery sector should rest after the LNF-led run; he advises taking 30-50% profits in battery names rather than pressing longs.
Buy Korean defense and shipbuilding sectors.
Cha says defense and shipbuilding are his most interesting sectors for September. Defense already began rising in August, but shipbuilding did not, so he expects catch-up and wants exposure to both sectors.
Cosmax dip-buying on export resilience.
Cha says cosmetics, led by Cosmax, still show resilient charts and export support. He would use dips to re-enter rather than chase strength.
Medytox coverage start supports rerating.
Cha highlights Medytox after Eugene Investment Securities initiated coverage with a 100,000 target. The thesis is toxin export growth and improving profitability from the third plant, with already-known litigation risks priced in and the unknown positive being margin improvement.
KOSPI holds 6,000; rebound after mid-September.
Yoo does not expect a July-style collapse and thinks KOSPI will not break 6,000. He says choppy noise should clear after next week's FOMC/Fed blackout, and from mid-September equities could resume toward KOSPI 7,000-7,500 and KOSDAQ 920.
New bank defensive rotation unattractive.
Yoo tells investors looking to rotate into Korean banks as defensive trades that it is not attractive. Banks have already risen, would have limited upside, and if the market falls on bad macro they would fall too; he prefers cash over new bank defensive exposure.
Bonds look buyable at high yields.
Shin argues bond yields have been driven by heavy issuance and supply-demand strain, but at current levels US Treasury officials will likely intervene verbally or via policy. He says trying to buy bonds around current elevated yields is not bad, though he would monitor policy reaction rather than chase aggressively.
Далее
This 3PRO TV (삼프로TV) video, published September 02, 2026, features Jang Woo-jin, Lee Kwon-hee, Park Byeong-chang, Cha Young-joo, Yoo Chang-hee, Shin Wol discussing WTI, BNO, DXY, US10Y, EWY, RFHIC, 003490.KS, 196170.KQ, 033260.KQ, KS, LNF, 000500.KQ, KARS, Korean defense sector, Korean shipbuilding sector, Cosmax, 086900.KQ, KOSDAQ, KBE, TLT. 17 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Jang Woo-jin, Lee Kwon-hee, Park Byeong-chang, Cha Young-joo, Yoo Chang-hee, Shin Wol · Tickers: WTI, BNO, DXY, US10Y, EWY, RFHIC, 003490.KS, 196170.KQ, 033260.KQ, KS, LNF, 000500.KQ, KARS, Korean defense sector, Korean shipbuilding sector, Cosmax, 086900.KQ, KOSDAQ, KBE, TLT