[May 18 #BeforeMarketOpen] US Treasury Yields Break 5%, Nasdaq Plunges / Nomura Forecasts SK Hynix at 4 Million Won, Samsung Electronics Strike Final Negotiations

Summary

The May 18 pre-market show covers the previous week's selloff triggered by US Treasury yields breaking 5%, Nasdaq decline, and geopolitical risks. Experts discuss Nomura's bullish calls on Samsung and SK Hynix (targets 590K and 4M won), the Samsung strike final negotiations, SpaceX IPO scheduled for June 12, and sector rotation into defense, robotics, and cybersecurity. Overall, they advise caution near-term but see the dip as a buying opportunity for memory and power equipment.

• US 30-year yield broke 5%, weighing on tech and Korean markets.
• Nomura raised Samsung target to 590,000 won and SK Hynix to 4 million won, citing structural memory shortage.
• Samsung faces final strike negotiations with government hinting at emergency arbitration.
• SpaceX IPO set for June 12 with ticker SPCX; could absorb liquidity from other assets.
• Alteogen won a patent battle against Halozyme, removing a key legal risk.
• Hanmi Semiconductor fell on weak Q1 earnings but experts see a buying opportunity.
• KOSPI dropped 5%+ in a single day; valuation remains cheap at under 8x forward P/E.
• Experts recommend reducing small-cap exposure and accumulating large-cap leaders on dips.