KOSPI Has Been Sideways for a Long Time, Time to Look Up Now? Watch Samsung Electronics and SK Hynix in October | Park Byeong-chang, CEO of MP Partners

KOSPI Has Been Sideways for a Long Time, Time to Look Up Now? Watch Samsung Electronics and SK Hynix in October | Park Byeong-chang, CEO of MP Partners [Market Inside]
Watch on YouTube ↗  |  September 18, 2026 at 00:19  |  42:10  |  3PRO TV (삼프로TV)
Speakers
Park Byeong-chang — Director, MP Partners

Summary

Park Byeong-chang, CEO of MP Partners, reviewed a strong U.S. session and argued that the KOSPI is ready to break out of a long sideways range. He expects Samsung Electronics and SK Hynix to lead an October move toward 7,000-7,500 points, with nuclear/SMR, shipbuilding, defense, and AI semiconductor themes as supporting areas. He also flagged BOJ policy, U.S. Treasury yields, and new after-hours trading mechanics as key risks and market structure issues.

  • U.S. equities rallied broadly, led by semiconductors, and the S&P 500 defended a breakout.
  • Park expects the KOSPI to attempt 7,000 and 7,500 points after a long consolidation.
  • Samsung Electronics and SK Hynix are seen as key October index drivers, with SK Hynix potentially faster.
  • AI demand evidence included Nebius GPU rental price hikes, ARM supply comments, Nvidia chip-sales expectations, and long semiconductor equipment lead times.
  • U.S. data-center power legislation lifted the nuclear/SMR sector.
  • Korean shipbuilding and defense sectors were strong on U.S. investment-related issues.
  • BOJ policy, U.S. Treasury yields, and after-hours trading rules were discussed as risks or market mechanics.
  • The speaker also noted weak biotech sentiment, holding-company moves, and KOSDAQ underperformance.
Ideas
Park Byeong-chang Director, MP Partners 2:48
S&P 500 breakout defended, new highs
The S&P 500 daily chart broke out of a box, pulled back, and then immediately recovered and defended that breakout. If it holds this support, it has regained the force to move toward new highs, and he views the setup very positively as rate-hike uncertainty passes.
SPY MED
Park Byeong-chang Director, MP Partners 7:11
KOSPI poised for upside after consolidation
The KOSPI has been sideways for over a month since August, and Samsung Electronics and SK Hynix have rested for a long time. With rate-hike uncertainty largely passed, Chuseok holiday risk ending, October third-quarter earnings, buyback completions, and no near-term rate talk, he expects the index to try 7,000 points and then 7,500 points as the long consolidation has digested supply and built energy for an upside move.
EWY HIGH
Park Byeong-chang Director, MP Partners 7:11
Samsung to lead October index rally
Samsung Electronics has lagged the July high when the KOSPI was around 7,500 points, trading around 250,000 won versus about 290,000 won then, so it has room to recover. He expects Samsung and SK Hynix to level up in October and drive the KOSPI toward 7,000-7,500, and says Samsung must rise for the index to reach those targets.
005930.KS HIGH
Park Byeong-chang Director, MP Partners 7:11
SK Hynix fastest semiconductor rebound play
SK Hynix has an even larger gap to its July high than Samsung Electronics, so if semiconductors rebound it could move faster than Samsung and lead the KOSPI's October attempt at 7,000-7,500. He sees it as a key driver; if it does not move fast, the index will need shipbuilding and nuclear themes to surge instead.
000660.KS HIGH
Park Byeong-chang Director, MP Partners 10:46
Korean chip equipment may lead market
Korean semiconductor equipment and materials stocks are heavily represented among the top KOSDAQ market-cap gainers. If they gain strength, they can lead the market, making the group a developing leadership setup.
Korean semiconductor equipment/materials sector LOW
Park Byeong-chang Director, MP Partners 12:51
Data centers boost SMR nuclear demand
A U.S. House bill that pushes data centers to secure their own power increases the likelihood that Big Tech hyperscalers will build SMR nuclear capacity alongside data centers. This pulled the nuclear sector higher and provides a structural positive driver for nuclear/SMR.
URA MED
Park Byeong-chang Director, MP Partners 14:09
AI chip demand strong, semis upside
AI demand remains robust despite bubble worries: Nebius raised GPU rental prices by 20%, ARM said it has enough CPU supply capacity, Nvidia's CEO expects chip sales to more than double next year, and semiconductor equipment lead times have doubled due to component shortages. This supports the broader AI semiconductor supply chain.
SMH MED
Park Byeong-chang Director, MP Partners 21:54
Shipbuilding, defense lead if Hynix lags
U.S. investment-related issues are keeping Korean shipbuilding and defense sectors strong, with shipbuilders moving yesterday. If SK Hynix does not lead the October rally, these themes could surge and become market leaders instead.
Korean defense sector Korean shipbuilding sector MED
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This 3PRO TV (삼프로TV) video, published September 18, 2026, features Park Byeong-chang discussing SPY, EWY, 005930.KS, 000660.KS, Korean semiconductor equipment/materials sector, URA, SMH, Korean defense sector, Korean shipbuilding sector. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang  · Tickers: SPY, EWY, 005930.KS, 000660.KS, Korean semiconductor equipment/materials sector, URA, SMH, Korean defense sector, Korean shipbuilding sector