KOSPI's 7.89% Plunge: Sidecars, Record Foreign Selling, and a Doubled SK Hynix Target | July 03 2026 - 동영상 Dailymotion

Seoul Economic Daily

Episode Description: Korea's benchmark just had its hardest session of a volatile stretch — 569 trillion won, about 366 billion dollars, erased in a day — and one brokerage answered by doubling its SK Hynix target price. In today's AI PRISM: Stock Investors, we break down Thursday's 7.89 percent KOSPI drop to 7,648.09 and the KOSDAQ's 6.74 percent slide, with sidecar halts triggered on both markets. We track the flows: 4.4 trillion won — roughly 2.8 billion dollars — of foreign selling in one session, a ten-day streak totaling 34.7 trillion won, about 22 billion dollars, and the retail investors buying against it. We unpack the Meta and Oracle catalysts behind the chip selloff, why brokerages call it repositioning rather than a demand break, and IBK's same-day move to double its SK Hynix target to 4 million won, about 2,600 dollars. Plus the other side of the AI trade: HD Hyundai Electric's big-tech data-center contract worth up to 1.12 trillion won, roughly 720 million dollars, POSCO's 16.7 trillion won — about 10.7 billion dollars — Triple-Core investment plan, and KCGI's target-date funds crossing 1 trillion won, roughly 640 million dollars. Sources: * Apple, OpenAI, Then Meta: Korean Market Cap Shrinks 569 Trillion Won in a Day — Seoul Economic Daily, July 2, 2026 * K-Power Equipment Makers Ride the AI Data Center Boom to an Order Streak — Seoul Economic Daily, July 2, 2026 * Meta's Cloud Move: Overinvestment Signal? Analysts Say the AI Cycle Is Unchanged — Seoul Economic Daily, July 2, 2026 * POSCO's Chang In-hwa: 17 Trillion Won to Build 'Triple-Core' Competitiveness — Seoul Economic Daily, July 2, 2026 * Oracle Revenue Jumps 21%, but AI Infrastructure Spending Burden Grows — Seoul Economic Daily, July 2, 2026 * KCGI Becomes First Independent Manager to Top 1 Trillion Won in TDF Assets on Active Strategy — Seoul Economic Daily, July 2, 2026 About AI PRISM: AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance and reviewed by a human editor. Tags: #KOSPI #KOSDAQ #SKHynix #SamsungElectronics #Semiconductors #Sidecar #ForeignSelling #PowerEquipment #POSCO #AIPRISM #SeoulEconomicDaily #WANIFRA

Transcript

00:02You're listening to AI Prism from Seoul Economic Daily.

00:06Position yourself, you know, away from the tech heavyweights facing a 34.7 trillion one

00:11or 22 billion USD foreign selling streak and look toward power equipment makers absorbing record

00:17orders. It's Friday, July 3. Here's what today's story could mean for the Korean market.

00:23Well, we really need to look at the half-tag CoSPI first because it drops 7.89% to 7

00:28,648.7%.

00:308.09% erasing 569 trillion one or 366 billion USD of market value Thursday.

00:37Wait, 569 trillion one erased?

00:40Yeah. I mean, foreign investors sold 4.4 trillion one or 2.8 billion USD in this single session.

00:45But did retail absorption actually counter this institutional dump today?

00:49Right. Individuals bought 6.3 trillion one or 4 billion USD against the foreign outflow.

00:54So look at this contradiction because SK Hynek sank 14.6% to 2,165 million USD on the exact

01:00same day.

01:01That is basically selling shovels in a gold rush.

01:02Absolutely.

01:03Because, you know, HD Hyundai Electric signed a 1.12 trillion one or 720 million USD data center

01:09supply contract. Exactly. And the power equipment sector projects a combined 2026 operating profit of

01:152.9 trillion one or 1.9 billion USD.

01:20The 34.7 trillion one or 22 billion USD foreign selling streak concentrated in chip heavyweights

01:27remains the critical flow dictating today's open for you. The AI infrastructure narrative splits the

01:32tape, punishing chip makers with CapEx anxiety while power equipment names convert that same spending

01:37into record orders. Intraday risk events hinge entirely on new hyperscaler CapEx signals triggering

01:43immediate percentage point swings. Right. But ask yourself who controls the actual materials?

01:47Because Piasco Group unveiled a 16.7 trillion one or 10.7 billion USD investment plan targeting top

01:53five global lithium status by 2033. That's today's AI Prism stock investors. This episode was produced

01:59with AI assistance based on sole economic daily reporting and reviewed by a human editor.

02:04AI Prism is a one eye for award winning series. We'll be back tomorrow.

02:07You've been listening to AI Prism from sole economic daily.

KOSPI's 7.89% Plunge: Sidecars, Record Foreign Selling, and a Doubled SK Hynix Target | July 03 2026

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