Enduring a Tough July: Why an August Rally Is Expected | KOSDAQ Leadership Shifts to 'Here' | CEO Lee Gwon-hee

Summary

CEO Lee Gwon-hee believes foreigners are buying KOSPI on valuation support, driving it toward 8,000 and setting up a potential August rally if July's US tech earnings clear. He sees KOSDAQ bottoming with recovery led by biotech, materials, and secondary batteries, highlighting EcoPro’s floor from BlackRock and Samsung SDI’s breakout signal. A new STO theme emerges as Circle partners with Korean firms and regulatory progress advances.

• Foreign investors turned net buyers of KOSPI from July 8 as forward PER fell below 6x, with ETF inflows and retail selling creating a path to 8,000.
• The semiconductor uptrend hinges on Microsoft, Meta, and Amazon earnings; Samsung and SK Hynix may surprise with special dividends.
• KOSDAQ is showing bottoming signs, with recovery expected to be led by biotech and semiconductor materials/parts in rotation.
• EcoPro gains downside support after BlackRock's stake increase to 5%, limiting further declines.
• Samsung SDI is testing its 20-day moving average; a breakout would lead the secondary battery sector higher.
• STO-related stocks rally as Circle partners with Korean firms and political dealmaking raises odds of digital asset legislation, with Galaxy Moneytree leading.
• Afternoon dips occur because foreigners sell futures to tame the rally, suggesting a gradual grind higher rather than a sharp spike.