Record-High Trading Volume Exploded! Foreigners Raised a 'Rebound Signal,' Don't Let Your Guard Down

Summary

The episode discusses the sharp correction in SK hynix and the Korean market, the role of leveraged ETFs in accelerating retail losses, and emerging signs of a rebound. Guest Hwang Yu-hyeon notes record volume, foreign futures accumulation, and policy responses as reasons for cautious optimism, while highlighting semiconductor equipment stocks as a potential rotation play. He warns that the recovery path is uncertain and retail selling pressure may persist.

• SK hynix fell 30% from its peak, breaking key support, but a record volume bullish candle raised hopes of a selling climax.
• Foreign investors have accumulated 27,000 net long KOSPI futures and are actively buying spot, positioning for an upside move.
• Leveraged ETF losses devastated retail investors, leading to forced selling and a shift in market control from retail to foreign hands.
• Authorities are considering raising deposit requirements for leveraged ETFs, which could curb speculation and redirect flows to underlying stocks.
• Semiconductor equipment stocks like PSK Holdings, TES, VM, and TS showed relative strength and may benefit from a rotation away from large-cap leverage plays.
• Macro concerns (rising oil, bond yields) are viewed as largely priced in, with limited additional downside for the Korean market.
• The market is in a bottoming process, but the rebound could be choppy rather than a clean V-shape.