Yesterday’s Gains All Vomited Out.. CXMT Demand Forecast Shock

Summary

Park Se-ik reviews news articles covering AI data center noise protests, Korea's space roadmap, KOSPI's dependence on Big Tech earnings, semiconductor-driven money supply growth, and the CXMT IPO shock. He argues that the sell-off in Samsung Electronics and SK hynix is excessive, with spot memory prices staying strong, and expects a rebound after CXMT lists. He also warns that Doosan Enerbility faces headwinds from resident opposition to data center projects, and advises against chasing fast information or buying Korean space stocks too early.

• CXMT IPO causes near-term panic in Korean memory stocks, but stabilization likely after listing around July 27.
• Spot memory prices remain strong, supporting a rebound in Samsung Electronics and SK hynix.
• Historical pattern: after major negative reports, memory stocks have rebounded.
• Data center noise protests and construction delays threaten demand for power equipment, hurting Doosan Enerbility.
• Korean space sector still at early R&D phase; better to invest in US space companies first.
• Broad money supply (M2) surges on semiconductor boom, raising BoK rate hike risks.
• KOSPI direction hinges on July Big Tech earnings season, market mood may dominate.