This Week's Hellish Crash... 'Volatility Has Peaked For Now' | Hong Seon-ae, Lee Hyeok-jin, NH Investment & Securities Stock Team Leaders

Summary

Lee Hyeok-jin, Stock Team Leader at NH Investment & Securities, discusses the recent sharp sell-off in Korean equities and semiconductors, arguing that volatility has peaked. He sees a technical rebound ahead, supported by limited further downside in Samsung, strong AI memory demand for SK hynix, and likely foreign buying after heavy selling. He outlines a difficult but opportunity-rich path through September, with a favorable setup into year-end.

• V-KOSPI spiked to crisis levels but the worst is thought to be over; volatility peak signal.
• Samsung Electronics' rational downside is around 280,000–290,000 won, technical bottom reached.
• SK hynix ADR listing sets up potential re-rating; current fear overblown, AI memory demand intact.
• Leverage ETF turmoil will ease with regulatory measures, reducing market whipsaw.
• Foreign investors, after record selling, may return as won strengthens on US disinflation and ADR inflows.
• Korean autos and KOSDAQ are 'empty houses' after foreign selling — likely targets of a foreign comeback.
• Near-term event risk includes July Big Tech earnings, August rate hikes, and a possible US–China summit in September.
• Historical mid-term election cycles show strong post-election equity returns, supporting a 6-month opportunity window.