Kai Research

📌 One-Line Summary Wall Street rallied overnight with the Nasdaq jumping +1.30% on tech strength, and with SK Hynix set to debut its US ADR today (local time), a semiconductor-led rebound is expected in Seoul. However, an elevated USD/KRW above 1,500 and lofty index levels are likely to cap the upside, pointing to a volatile session. 🌙 Overnight Markets US equities closed higher across all three major indices overnight, led decisively by technology names. The Nasdaq surged +1.30% to 26,206.89, signaling a clear recovery in risk appetite around the AI and semiconductor complex. This constructive backdrop — combined with Samsung Electronics' strong earnings and the SK Hynix US American Depositary Receipt (ADR) listing scheduled for today — could act as a favorable catalyst for Korea's large-cap chipmakers. Index Close Change S&P 500 7,543.64 +0.81% Nasdaq 26,206.89 +1.30% Dow Jones 52,487.41 +0.27% The Dow's modest +0.27% gain versus the outperformance of the Nas...

📌 One-Line Summary Backed by Friday's Nasdaq +1.71% rally, a Philadelphia Semiconductor Index surge of more than 4%, and a stable USD/KRW rate around 1,460, the KOSPI is expected to attempt a breakout above the psychological 7,500 mark. However, record-high fatigue and a record KRW 36 trillion in retail margin debt remain double-edged variables. 🌙 Overnight Markets US equities ended last Friday's session (May 8, local) near record highs as the technology complex extended its leadership. Hopes for a US-Iran ceasefire and stabilizing oil prices fueled risk-on sentiment, while the Philadelphia Semiconductor Index jumped over 4% and Micron soared more than 11%, underscoring a sharply differentiated rally in chips. This setup is expected to provide a direct tailwind for Korean semiconductor heavyweights such as SK Hynix and Samsung Electronics, with foreign buying likely to continue. Index Close Change S&P 500 7,398.93 +0.84% NASDAQ 26,247.08 +1.71% Dow Jones 49,609...