"반도체 급락, 끝인가 기회인가"..."3분기 변동성 넘으면 코스피 만천피 간다"ㅣ김지현 다올투자증권 연구원

Market Insight (11:30 ~ 13:00) Thursday, July 2, 2026 📊 Today's Market Key Summary Although the KOSPI has undergone a short-term correction, market interest appears to be expanding from the semiconductor "two-top" to AI infrastructure, power equipment, equipment stocks, defense, and shipbuilding. Analysis suggests that in the second half of the year, corporate earnings and expanded AI investment, rather than interest rates, will be the key variables driving the stock market. 🎙 Guests Anchor Kim Ho-jeong Researcher Kim Ji-hyun, Daol Investment & Securities 🔎 Key Points 1️⃣ KOSPI Forecast to 11,000… Earnings Drive the Market Daol Investment & Securities projected the upper limit for the KOSPI in the second half of the year at 11,000 points. They noted that corporate earnings improvement is more important than interest rates, and that expanded AI investment and improved semiconductor earnings are expected to act as driving forces for the rise. 2️⃣ Correction of Semiconductor "Top-Top"… Expansion of AI Value Chain The concentration centered on Samsung Electronics and SK Hynix is ​​likely to gradually ease. Analysis suggests that investment opportunities will expand as supply and demand diversify across AI equipment, power machinery, and semiconductor materials, parts, and equipment. 3️⃣ Fed and Exchange Rate Variables to Gradual Easing While inflationary pressures are easing due to falling oil prices, the Federal Reserve is expected to maintain a cautious stance for the time being. Foreign investor rebalancing and the stability of the exchange rate are cited as key variables for the domestic stock market. 4️⃣ Sectors to Watch in the Second Half Analysis suggests that attention should be paid to semiconductor equipment and power machinery, which are expected to benefit from government AI mega-projects; earnings-driven defense and shipbuilding sectors; and small and medium-sized stocks related to AI infrastructure. 💡 Conclusion In the second half, a strategy focusing on expanding AI investment and improving corporate earnings rather than short-term volatility is effective. The opinion is that a strategy is needed to broaden investment opportunities across the entire AI value chain, including not only the top two semiconductor companies but also materials, parts, and equipment, power machinery, equipment, and defense. #KOSPI #KOSDAQ #Semiconductor #SamsungElectronics #SKHynix #NVIDIA #JensenHuang #SpaceX #IPO #InterestRate #CPI #FOMC #ExchangeRate #OilPrice #AI #MarketInsight #KimHoJung #KimJiHyun #StrategicInvestment #InvestmentStrategy #HanmiSemiconductor #IsuPetasis #RenoIndustrial #HBM #SemiconductorEquipment #MaterialsPartsEquipment #PowerEquipment #DoosanEnergy #HDHyundaiElectric #Defense #HanwhaAerospace #LIGNex1 #Shipbuilding #HDHyundaiHeavyIndustries #HanwhaOcean #DataCenter #PhysicalAI #Robotics #Bio #AIInfrastructure ────────────────────────── 🎯 Investment decisions are all about information. Check out fast and accurate key information now on the official Korea Economic TV Telegram. 🎁 Free Subscription 👉 https://t.me/wowtv_official ────────────────────────── △ Watch the Korean economy! △ We deliver fast and accurate economic and stock market news 24 hours a day. △ Subscribe + Like! ────────────────────────── ◇ Korea Economic TV Official Channels & Business YouTube Subscribe: https://bit.ly/45pz6GK YouTube LIVE:    • Video   Collaboration & Business Inquiries: [email protected] ────────────────────────── ◇ Korea Economic TV Website: http://www.wowtv.co.kr Kakao Plus Friend: https://pf.kakao.com/_xbcxlxgd Twitter:   / hkwowtv   Facebook:   / hkwowtv   Program Schedule: https://bit.ly/47q2caY ─────────────────────────── ◆ Subscribe to the Korea Economic TV Family Channels! News: [Hankyung TV News]    / 한국경제tv뉴스   Stocks: [Money Farm Korea Economic TV]    / @hkmoneyfarm   Stock App: [Korea Economic TV Crypto]    / @hktv_crypto   Education: [Wow Academy] https://wowacademy.wownet.co.kr/ Global: [Wow Global] https://www.wowglobal.co.kr/ Real-time Investment Information: [Wow Quick] https://www.wowquick.co.kr/ ────────────────────────── ※ If the screen appears blurry or pixelated, please select 1080p quality in the settings. ⚠️ Viewing Precautions ※ This content is for reference only regarding investment; you are solely responsible for any investment decisions. #KoreaEconomicTV #WowNet #StockWindow #Partner #Economy #Securities #Wow #WOWTV