KOSPI 6500 Stabilization is Key! Will a Rebound Begin? | Park Byeong-chang, MP Partners CEO [Market Inside]

Watch on YouTube ↗  |  August 04, 2026 at 00:23  |  44:19  |  3PRO TV (삼프로TV)
Speakers
Park Byeong-chang — Director, MP Partners

Summary

Park Byeong-chang provides a morning market outlook after a sharp KOSPI correction. He sees a normal technical rebound and emphasizes the importance of KOSPI closing above the 6,500 level. He highlights the resilience of US equities near all-time highs, the fading AI capex fears signal from Oracle and strong ISM manufacturing data, and the positive rotation into KOSDAQ small caps. He also discusses potential catalysts for NAVER and Kakao, the safety characteristics of selected Korean defensive stocks, and strong momentum in power equipment names tied to AI infrastructure and US onshoring.

  • KOSPI expected to rebound with 6,500 as a key stabilization level after a sharp rally and profit-taking.
  • US S&P 500 near all-time high, driven by market confidence that Trump administration will defend against rising yields.
  • AI capex fears recede: Oracle's rebound and ISM manufacturing jump confirm ongoing AI infrastructure demand, supporting Samsung Electronics and SK Hynix.
  • KOSDAQ outperforming as biotech, robots, and semiconductor equipment stocks participate in a broadening rotation.
  • NAVER and Kakao hold three potential catalysts: AI hardware/data center moves, eventual AI service monetization, and subsidiary restructuring.
  • Selected defensive stocks (Samsung SDS, Celltrion, Samsung Biologics, financials) proved resilient during past crashes and offer safety during market anxiety.
  • Power equipment names like HD Hyundai Electric and Hyosung Heavy Industries show strong earnings momentum from AI data center demand and US onshoring.
  • Samsung Electro-Mechanics benefiting from industry-wide MLCC price hikes.
Ideas
Park Byeong-chang Director, MP Partners 2:56
KOSPI rebound on technical stabilization above 6,500
After a sharp rally and natural profit-taking correction, the KOSPI is poised to rebound and retest the 20-day moving average near 6,422. A daily close above the 6,500 level would confirm stabilization and suggest further upside. The speaker expects a normal uptrend resumption.
EWY MED
Park Byeong-chang Director, MP Partners 3:54
S&P 500 nears record on policy yield cap trust
The US equity market keeps grinding higher with the Dow at new highs and the S&P 500 near all-time highs despite macro worries. The market’s resilience is driven by the belief that the Trump administration will not allow Treasury yields to stay elevated and will use policy levers to defend against rising yields, sending a positive signal for US equities.
SPY MED
Park Byeong-chang Director, MP Partners 11:48
KOSDAQ rebounds as rotation broadens
KOSDAQ is finally showing relative strength after a long period of underperformance, with biotech, robot, and today semiconductor materials and equipment stocks all moving together. This broadening rotation suggests a more sustainable rebound in the small-cap growth index.
KOSDAQ MED
Park Byeong-chang Director, MP Partners 18:21
AI capex fears fade, boosting memory chip stocks
The sharp recovery in Oracle and strong ISM manufacturing data driven by AI infrastructure signal that hyperscaler capex cut fears are overblown. This removes a key overhang for memory chip demand, directly benefiting Samsung Electronics and SK Hynix, which should move higher as the AI semiconductor demand story remains intact.
005930.KS 000660.KS MED
Park Byeong-chang Director, MP Partners 33:46
Power equipment benefiting from AI and onshoring
AI data center buildout and US onshoring are creating strong momentum in power equipment. HD Hyundai Electric is seeing high margins (25.1% operating profit), Hyosung Heavy Industries is benefiting from long-term contracts, and the whole sector is enjoying expanding backlogs and margins. This earnings momentum makes the group attractive.
267260.KS 298040.KS MED
Park Byeong-chang Director, MP Partners 35:35
MLCC price hikes lift Samsung Electro-Mechanics
Samsung Electro-Mechanics is rising on the back of MLCC price hikes, which are being implemented across the industry by players like Murata as well. The price increases directly support earnings and justify the stock's strength.
009150.KS LOW
Park Byeong-chang Director, MP Partners 36:14
NAVER, Kakao catalysts ahead: AI monetization, restructuring
NAVER and Kakao have three potential catalysts on the horizon: 1) entering the hardware/data center space, 2) monetizing AI services once the hardware buildout is complete (similar to US big tech's AI playbook), and 3) unlocking shareholder value through spin-offs or restructuring of their complex web of subsidiaries. While the timing is uncertain, the AI era will eventually come to these platforms, and when the catalysts become visible, the stocks will move significantly.
035420.KS 035720.KS MED
Park Byeong-chang Director, MP Partners 40:11
Defensive stocks outperform in market anxiety
During periods of extreme market anxiety and crashes, certain Korean stocks consistently hold up or even rise, acting as safety plays. Stocks like Samsung SDS, Celltrion, Samsung Biologics, and financial stocks are such defensive names. Instead of holding all cash, owning these can provide a small positive return while waiting out the volatility.
068270.KS 018260.KS Korean financial stocks 207940.KS MED
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This 3PRO TV (삼프로TV) video, published August 04, 2026, features Park Byeong-chang discussing EWY, SPY, KOSDAQ, 005930.KS, 000660.KS, 267260.KS, 298040.KS, 009150.KS, 035420.KS, 035720.KS, 068270.KS, 018260.KS, Korean financial stocks, 207940.KS. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang  · Tickers: EWY, SPY, KOSDAQ, 005930.KS, 000660.KS, 267260.KS, 298040.KS, 009150.KS, 035420.KS, 035720.KS, 068270.KS, 018260.KS, Korean financial stocks, 207940.KS