Saudi Arabia's 'Worst Crisis': Houthi Attacks and US Refusal to Support - Chesley Investment Advisory Executive Director Park Se-ik

Summary

Park Se-ik reviews daily market news on LVMH/L'Oréal, Texas as a finance hub, the Korean won, KEPCO, Taiwan chip labor costs, and Saudi Arabia's Red Sea/pipeline crisis. He sees won strength limiting further Korean equity downside, rising labor costs as a chipmaker shareholder headwind, and Middle East war headlines as historically over-feared. The video also includes general investing discipline commentary.

• LVMH lost France's market-cap crown to L'Oréal as luxury demand weakened in China and the Middle East.
• Texas is attracting financial firms and corporate relocations due to low taxes and pro-business policies.
• Experts see structural won strength on Korea's current-account surplus, with USD/KRW biased lower.
• KEPCO has fallen sharply on fuel-cost worries, but long-term nuclear and AI power demand remain positives.
• Taiwan's chip labor shortage and union demands are raising costs and potentially squeezing shareholder returns.
• Saudi Arabia faces Red Sea and pipeline disruptions, pushing oil higher, but Park says Middle East war headlines should not be over-feared.
• Park also reiterated discipline: trade only when markets are strong and quality stocks are cheap.