Solidigm's US Listing Push... Good or Bad News for Hynix? | Chesley Investment Advisory Executive Director Park Se-ik [Womae Shinbak / 26.08.14.Fri]

Summary

Park Se-ik reads and discusses market articles covering Samsung's Galaxy G Fold 8 demand, Korea's export-led GDP growth, deeply undervalued Japanese yen, a leveraged AI hedge fund collapse, and Solidigm's planned US listing. His main market implications are to favor Korean exporters, consider Japanese high-dividend stocks for yen upside, hold Korean long-term bonds for about a year, and watch SK hynix's shareholder-return response to Solidigm's listing.

• Samsung Galaxy G Fold 8 is seeing record pre-orders and strong demand from younger buyers and Japan.
• Korea's real GDP growth is export-driven while domestic demand stagnates, supporting export-focused equity positioning.
• Big Mac and tonkatsu curry indices suggest the Japanese yen is extremely undervalued.
• Park suggests Korean long-term bond holders may need to hold roughly one year for yields to fall.
• The Situational Awareness hedge fund collapse highlights the danger of leverage and the value of risk management.
• Solidigm's Nasdaq listing is assessed as not inherently negative for SK hynix if shareholder returns are promised.