New York Stock Market Falls Due to Intensifying US-Iran Conflict and Caution Over Big Tech Earnings 'Oil Prices, US Treasury Yields Rise,' / Philadelphia Semiconductor 0.60, Micron 2% Rise

[July 21 #BeforeMarketOpen] New York Stock Market Falls Due to Intensifying US-Iran Conflict and Caution Over Big Tech Earnings 'Oil Prices, US Treasury Yields Rise,' / Philadelphia Semiconductor 0.60, Micron 2% Rise

Watch on YouTube ↗ | July 21, 2026 at 00:51 | 3:10:56 | 815 Money Talk (815머니톡)

Speakers

Unknown

Kim Hyeong-cheol — CEO, Kim Hyung-chul Research Institute

Lee Ju-hyeon — Director, Xangle

Lee Kwon-hee — CEO, Economist

Kim Tae-seong — Division Head, Xangle

Summary

The panel discusses the recent drop in the US and Korean stock markets, driven by geopolitical tensions in the Middle East, rising oil prices, and caution ahead of major Big Tech earnings. Despite the volatility, experts suggest that the AI and memory semiconductor growth narrative remains intact, advising investors to accumulate top-tier memory stocks in tranches. They also highlight defensive and alternative sectors such as refinery, power equipment, and shipbuilding stocks that are showing resilience or attractive valuations.

Rising oil prices due to the US-Iran conflict are increasing inflation and rate hike fears, pressuring tech stocks.
Fears over China's Kimi 3 AI model hurting memory demand are overblown; AI development will likely increase memory usage.
Experts recommend a U-shaped recovery strategy for Samsung Electronics and SK Hynix, advising gradual accumulation.
Power cable and equipment stocks are highlighted as beneficiaries of high copper prices and US tariffs on Canadian products.
Shipbuilding and engine stocks are considered undervalued after recent corrections despite strong earnings.
The KOSDAQ market's high valuation relative to KOSPI is causing foreign selling, particularly in secondary battery stocks.

Ideas

4:25

Kimi 3 fears are an overreaction.

The drop in memory stocks due to the release of China's Kimi 3 AI model is an overreaction; Chinese AI development will likely increase demand for cost-effective memory, keeping supply tight.

10:06

Refinery stocks will post excellent Q2 earnings.

Refining margins are very strong and oil prices are rising due to the US-Iran conflict, which will lead to excellent Q2 earnings for refinery stocks.

11:13

OCI Holdings will break out upon normalization.

OCI Holdings has strong momentum that is currently suppressed by the weak market, making it likely to break out once the market normalizes.

Kim Hyeong-cheol CEO, Kim Hyung-chul Research Institute 40:01

Refinery stocks are a good defensive play.

Valero Energy is hitting new highs due to strong oil prices, making Korean refinery stocks a good defensive play in the current volatile market.

Kim Hyeong-cheol CEO, Kim Hyung-chul Research Institute 45:32

High KOSDAQ valuations will hurt secondary batteries.

The KOSDAQ market's high valuation (17x P/E) compared to KOSPI (5.5x P/E) makes it relatively expensive, which could lead to continued foreign selling and hurt high-valuation secondary battery stocks.

Lee Ju-hyeon Director, Xangle 63:34

US tariffs on Canada benefit Korean power.

The US imposing 50% tariffs on Canadian products might force US companies to change their import lines, potentially benefiting Korean power equipment companies.

Lee Ju-hyeon Director, Xangle 66:46

Alphabet's new chip sustains AI capex.

Alphabet is developing a new AI chip (Frozen V2) to improve token processing efficiency, which will help them manage computing shortages and sustain capex, benefiting Korean memory makers.

Lee Ju-hyeon Director, Xangle 80:05

Power shortages make SK Eternix attractive.

The power shortage for data centers is severe and long-term, and SK Eternix is showing strong stock performance despite broader market weakness.

Lee Ju-hyeon Director, Xangle 83:54

High copper prices boost power cable revenues.

Copper prices are hitting historic highs, and power cable companies benefit from escalator clauses that increase their revenue and profit when raw material prices rise.

Lee Ju-hyeon Director, Xangle 87:48

Samsung Biologics will lead the bio rebound.

Samsung Biologics is trading at a reasonable 20x P/E based on 2028 earnings and is showing strong chart resilience, making it likely to lead any bio sector rebound.

Lee Ju-hyeon Director, Xangle 90:05

Kumho Tire is a good trading candidate.

Kumho Tire is showing good trading volume and is starting to align its moving averages into a bullish setup, making it a good trading candidate in a weak market.

Lee Ju-hyeon Director, Xangle 100:40

Cosmetics stocks maintain uptrends despite market drop.

Cosmetics stocks like Manyo Factory and Kolmar Korea are maintaining their uptrends despite the broader market drop, making them good candidates for trading.

Lee Kwon-hee CEO, Economist 122:32

LIG Nex1 is attractive after deep correction.

LIG Nex1 has corrected 40-50% from its peak, and despite a lowered target price, high growth is expected in 2027 due to Cheongung II exports to Saudi Arabia.

Lee Kwon-hee CEO, Economist 125:24

Hyundai Motor remains a strong robotics play.

Hyundai Motor's target price was lowered due to temporary production disruptions in Turkey, but it remains a strong long-term play for its robotics business.

Lee Kwon-hee CEO, Economist 132:56

Shipbuilding stocks are undervalued and ripe.

Shipbuilding and engine stocks have corrected significantly despite strong earnings and order books, making them undervalued and ripe for a rebound.

Kim Tae-seong Division Head, Xangle 154:40

Use KODEX Semiconductor ETF for dollar-cost averaging.

The KODEX Semiconductor ETF is a good alternative to buying individual Samsung or SK Hynix shares if you have limited capital, allowing for easier dollar-cost averaging.

Kim Tae-seong Division Head, Xangle 180:13

Telecom equipment stocks are ripe for rebound.

Telecom equipment stocks have dropped significantly, but earnings are growing and foreigners have been buying recently; keep an eye on them for a rebound.

Kim Tae-seong Division Head, Xangle 183:58

Reduce exposure to pharma and biotech stocks.

The pharma and biotech sector is facing risk-off sentiment and potential rate hike headwinds, making it prudent to reduce exposure.

Kim Tae-seong Division Head, Xangle 185:24

Earnings release may trigger Hyundai Motor rebound.

Wait for Hyundai Motor and Kia's earnings release, which could shift market focus back to their robotics value and trigger a rebound.

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This 815 Money Talk (815머니톡) video, published July 21, 2026, features Kim Hyeong-cheol, Lee Ju-hyeon, Lee Kwon-hee, Kim Tae-seong discussing 005930.KS, 000660.KS, 010950.KS, 078930.KS, 096770.KS, 010060.KS, VLO, KOSDAQ, Secondary batteries, Korean Power Equipment, GOOGL, 475150.KS, 000500.KS, 001440.KS, 207940.KS, 073240.KS, 161890.KS, 439090.KQ, 079550.KS, 005380.KS, 082740.KS, 042660.KS, 329180.KS, 077970.KS, 091160.KS, 218410.KQ, 327260.KQ, 087010.KQ, 141080.KQ, 347850.KQ, 196170.KQ, 000270.KS. 19 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Hyeong-cheol, Lee Ju-hyeon, Lee Kwon-hee, Kim Tae-seong · Tickers: 005930.KS, 000660.KS, 010950.KS, 078930.KS, 096770.KS, 010060.KS, VLO, KOSDAQ, Secondary batteries, Korean Power Equipment, GOOGL, 475150.KS, 000500.KS, 001440.KS, 207940.KS, 073240.KS, 161890.KS, 439090.KQ, 079550.KS, 005380.KS, 082740.KS, 042660.KS, 329180.KS, 077970.KS, 091160.KS, 218410.KQ, 327260.KQ, 087010.KQ, 141080.KQ, 347850.KQ, 196170.KQ, 000270.KS