Nasdaq down only 0.2% amid semiconductor correction, Apple's winning streak continues

Summary

The broadcast covers the overnight US market where Nasdaq fell only 0.2% despite a semiconductor rout, while Apple reached a $5 trillion market cap. Korean markets suffered a historic 10% plunge led by Samsung and SK Hynix, triggering circuit breakers. Guests analyze the ongoing semiconductor correction, FOMC rate decision, SK Hynix earnings, and the Japan earthquake's impact. Several experts suggest the sell-off is overdone and present bargain opportunities in Korean chip names and the broader KOSPI.

• Nasdaq declined slightly as Apple gained; chip stocks sharply fell led by Sandisk and Micron.
• Korea's KOSPI tumbled 10% in a single day, worst since crises, driven by Samsung and SK Hynix plunge.
• SK Hynix reported 60 trillion won operating profit, slightly below consensus, but stock reacted with initial drop then recovery.
• FOMC meeting ahead with low probability of rate hike; market pricing in gradual tightening.
• A major earthquake in Japan disrupted Toyota and Honda plants, potentially benefiting Hyundai Motor.
• Quantitative model suggests KOSPI has seen over 80% of its downside, near bottom.
• Semiconductor stocks are trading at extremely low valuations (3-4x forward P/E), seen as a bargain.