Overcoming the crisis and rising. KOSPI re-breaks 8,000!…The market starts to turn around from semiconductors to small and mid-cap stocks!
[June 9th, 26th Afternoon Broadcast Full View] Overcoming the crisis and rising. KOSPI re-breaks 8,000!…The market starts to turn around from semiconductors to small and mid-cap stocks!
Speakers
Kim Jang-yeol
— Reporter, The Bell
Lee Kwon-hee
— CEO, Economist
Lee Da-sol
— Branch Manager, Meritz Securities Gangnam Premier Center
Hwang Yoo-hyun
— Private Banker Team Lead, NH Investment & Securities
Lee Ji-hwan
— CEO, Aurora Investment Advisory
Summary
The program covers the Korean stock market's dramatic rebound, with the KOSPI surging over 8% after a steep decline the previous day. Analysts Kim Jang-yeol and Lee Kwon-hee attribute the rally to the US market recovery and easing geopolitical tensions but caution about near-term volatility from upcoming CPI data and bearish foreigner positioning. The discussion highlights the continued dominance of the AI and semiconductor theme, with strong performance from SK hynix and Samsung Electro-Mechanics, while also exploring potential rotations and strategies for navigating the volatile environment.
- The KOSPI and KOSDAQ experienced a massive rebound, surging over 8% and 6% respectively, recovering most of the previous day's sharp losses.
- Analysts attribute the rally to a strong US semiconductor market performance and easing tensions between Iran and Israel.
- Lee Kwon-hee warns that foreigners are selling futures and buying puts, indicating a bearish stance ahead of US CPI data.
- The semiconductor sector, particularly SK hynix and Samsung Electro-Mechanics, led the rally with double-digit gains.
- Lee Da-sol frames the current market as a volatile consolidation within a larger AI capex-driven bull market, identifying semis, power equipment, and robotics as key leaders.
- Hwang Yu-hyun suggests a potential rotation from large-cap semis to the 'so-bu-jang' (equipment & materials) sector and highlights a short-squeeze setup in Naver and SK Telecom.
- Lee Ji-hwan provides a macro framework, advising to avoid the biotech sector as the rate-cut cycle ends and to watch small-caps for a rally later in the year.
- Multiple speakers emphasize that the core AI-driven bull market thesis remains intact despite the extreme day-to-day volatility.
Ideas
Samsung Electro-Mechanics has US ETF catalyst.
Samsung Electro-Mechanics is poised for a rally due to several positive factors. Fundamentally, its sector is strengthening, as evidenced by strong monthly results from Taiwanese peers in the PCB and MLCC space. More specifically, the company has a significant near-term catalyst with the news that a 2x leveraged ETF focused on Samsung Electro-Mechanics is set to be listed in the United States, which should drive demand for the underlying stock.
Kia benefits from new robotics ETF.
Kia's stock is likely to outperform in the near term due to a specific, powerful flow-driven catalyst. Samsung Asset Management is launching a new 'KODEX Hyundai Motor Robotics Value Chain ETF', which will have a 25% allocation to Kia, alongside Hyundai Motor and Hyundai Mobis. As this ETF is marketed and sold, it will create forced, programmatic buying of Kia shares, driving up the price regardless of other market factors.
Isu Petasys valuation is now attractive.
Isu Petasys has become an attractive investment opportunity after its recent correction. The stock's valuation was previously very high, trading at 40-50x P/E, but has now fallen to a much more reasonable level in the mid-20s. This de-rating makes the stock 'kinder' and presents a better entry point for investors, despite the technical resistance around the 120,000 KRW level.
Watch Alteogen for earnings-driven trend reversal.
Alteogen is a developing turnaround story that is worth monitoring closely. While recent patent news is a minor positive, the key catalyst is the company's transition to becoming a profitable, earnings-driven story. Starting from the second quarter, it is expected to receive significant royalties (60-70 billion KRW) for its ALT-B4 technology. While it is not yet time to buy, a decisive break above the 390,000 KRW level with volume would confirm a trend reversal and signal a strong buying opportunity.
Avoid secondary battery sector until leader turns.
The secondary battery sector is currently not an attractive investment and should be avoided until a clear trend reversal is confirmed. The recent rally, led by Samsung SDI, was an overshooting, and the sector's trend is now broken, with charts for key names like POSCO Future M and L&F looking weak. Investors should not try to catch a falling knife but instead wait for the sector leader, Samsung SDI, to establish a bottom and turn around, which would signal a safer entry point for the broader sector.
Watch Samsung SDI as sector bellwether.
Samsung SDI should be monitored as the key bellwether for the entire secondary battery sector. It led the sector's recent rally, which was an overshooting, and its subsequent correction is now leading the sector down. Therefore, a bottoming and turnaround in Samsung SDI's stock price will be the most reliable signal that the broader secondary battery sector is ready for a new upleg. Until then, the sector remains on watch.
Invest in AI capex cycle leaders.
The current bull market is defined by the 'era-defining spirit' of the AI Capex cycle, similar to the BRICs capex cycle of the 2000s. The key commodity is no longer iron ore, but semiconductor chips. As long as this overarching theme remains intact, which it does, any corrections are opportunities. The market leadership is consolidating into the core beneficiaries of this theme: Semiconductors, Power Equipment, and Robotics/Physical AI. These sectors should be the focus for investors.
Expect rotation into semiconductor equipment stocks.
With the large-cap semiconductor leaders like Samsung Electronics and SK hynix potentially entering a consolidation phase after their strong run, a rotation into the semiconductor materials, parts, and equipment (so-bu-jang) sector is likely. The KOSDAQ market has been severely beaten down, creating an opportunity for these smaller-cap names to have a relief rally or 'counter-attack'. Investors should focus on Sobujang ETFs or individual stocks that are showing relative strength and breaking out.
SK Telecom is a short squeeze candidate.
SK Telecom presents a compelling long opportunity based on a potential short squeeze. The market's perception of the company has fundamentally improved following Jensen Huang's visit and due to its valuable stake in AI company Anthropic. Despite the stock price rising, short interest has also increased significantly. If the stock continues its upward momentum and breaks key resistance (e.g., 130,000 KRW), it could force short-sellers to cover their positions, triggering a rapid and powerful price surge (a 'short squeeze').
Naver is a potential short squeeze setup.
Naver is set up for a potential short squeeze. The stock has rallied 40% from its bottom, and the market narrative has shifted positively after Jensen Huang's visit, as evidenced by a massive increase in trading volume. However, short interest has also ballooned to 7.6 million shares. If the stock breaks its long-term resistance around 300,000 KRW, it could trigger a 'short squeeze' as short-sellers are forced to buy back shares, causing an acceleration in the stock's price.
Avoid biotech as rate-cut cycle ends.
The Korean biotech sector should be avoided. These stocks are prime beneficiaries of falling interest rate environments. With the global monetary cycle now at the end of rate cuts and shifting towards a period of holding or even hiking rates, the primary macro tailwind for biotech is gone. Any near-term rallies, such as one that might occur if a peace deal temporarily lowers bond yields, should be viewed as a final opportunity to exit positions before the sector enters a period of structural underperformance.
Watch KOSDAQ for a rally later.
The KOSDAQ market and its constituent small-to-mid-cap stocks are not yet in their prime performance window, but should be watched for a potential rally later in the year. Historically, this segment performs best at the very end of a rate-hold period and into the initial phase of a rate-hike cycle. Given the current macro timeline, this suggests their time could come in the third or fourth quarter of 2024. It is too early to invest now, but the setup is developing.
Buy market leaders on sharp corrections.
A key characteristic of true market leaders in a strong bull market is that they fall harder than the market during corrections but rebound much more powerfully. This is because they attract significant profit-taking. Investors should change their mindset and use these sharp, painful dips in leaders like SK hynix as prime opportunities to rotate out of weaker, non-core holdings and into the leaders. This '교체매매' (switching trade) strategy is the most effective way to upgrade portfolio quality and capture the full upside of the market's primary trend.
Up Next
This 3PRO TV (삼프로TV) video, published June 09, 2026, features Kim Jang-yeol, Lee Kwon-hee, Lee Da-sol, Hwang Yoo-hyun, Lee Ji-hwan discussing 009150.KS, 000270.KS, 007660.KQ, 196170.KQ, Secondary Battery Sector, 006400.KS, SMH, POWL, ROBO, Korean semiconductor equipment/materials, 017670.KS, 035420.KS, Korean biotech sector, KOSDAQ, 000660.KS. 13 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Kim Jang-yeol, Lee Kwon-hee, Lee Da-sol, Hwang Yoo-hyun, Lee Ji-hwan · Tickers: 009150.KS, 000270.KS, 007660.KQ, 196170.KQ, Secondary Battery Sector, 006400.KS, SMH, POWL, ROBO, Korean semiconductor equipment/materials, 017670.KS, 035420.KS, Korean biotech sector, KOSDAQ, 000660.KS