What Happened the Day After KOSPI's Plunge, Leading Stocks Already Moved | Park Byung-chang, MP Partners CEO [Market Inside]

Summary

Park Byung-chang analyzes the KOSPI's sharp drop and focuses on a semiconductor-led rebound, citing that Samsung Electronics and SK hynix are near typical correction levels and should lead the bounce. He also discusses the implication of Jensen Huang's Korea visit, highlighting a group of AI partner stocks that could recover if the market stabilizes. The broader market decline is presented as exaggerated relative to the S&P 500's small drawdown, while near-term caution is advised due to remaining event risks like CPI and FOMC.

• Korean semiconductor stocks (Samsung, SK hynix) are recommended as the primary rebound leaders after a 20-22% correction.
• The S&P 500 is only 3% off its high, suggesting the selloff is concentrated and may be overdone.
• Jensen Huang's Korea visit signals Nvidia's push to secure memory supply and expand its ecosystem into physical AI, healthcare, and autonomous driving.
• Stocks that surged on the Jensen news (Hyundai, NAVER, SKT, LG, Doosan, Lunit) could see a recovery if the market stabilizes.
• Extreme concentration and leverage in semiconductors drove the recent crash, not fundamental deterioration.
• Park advises against chasing today's initial bounce due to upcoming CPI data and FOMC meeting.
• Long-term, Nvidia is transitioning from infrastructure to application/ecosystem phase, following a typical corporate life cycle.
• SpaceX oversubscription illustrates strong domestic liquidity capability.