Semiconductor earnings are record-breaking... But why can't Samsung Electronics and SK Hynix stock prices rise? / Trump's Iran airstrike, a 'negotiating gambit' not war? | CEO Lee Kwon-hee

Semiconductor earnings are record-breaking... But why can't Samsung Electronics and SK Hynix stock prices rise? / Trump's Iran airstrike, a 'negotiating gambit' not war? | CEO Lee Gwon-hui
Watch on YouTube ↗  |  September 02, 2026 at 03:00  |  19:19  |  815 Money Talk (815머니톡)
Speakers
Lee Kwon-hee — CEO, Economist

Summary

Lee Kwon-hee discusses how the tanker attack and US-Iran conflict are hitting oil and markets, but he views the airstrike as likely a negotiating tactic. He explains rising global bond yields as partly debt supply and partly a real investment/economic recovery, and why semiconductor stocks like Samsung Electronics and SK Hynix remain rangebound despite record earnings. He highlights Q3 earnings as the next semiconductor catalyst, and points to SK Innovation/refiners, Dell's AI server demand, and European defense stocks as relative beneficiaries.

  • Tanker attack and US-Iran military escalation spiked oil near $90 but not $100.
  • Global sovereign yields are rising on debt supply plus stronger economies and infrastructure investment.
  • Samsung Electronics and SK Hynix are stuck because macro and flow conditions dominate despite record earnings.
  • US semiconductor index faces overhead supply, with Q3 earnings seen as the realistic catalyst.
  • Dell's record AI server rack results confirm expanding AI infrastructure demand.
  • European defense stocks are leading on war-driven demand.
  • SK Innovation and refining stocks are emerging as beneficiaries of oil strength and rate-cut expectations.
  • KOSDAQ trading is dead and directionless after a technical rebound.
Ideas
Lee Kwon-hee CEO, Economist 3:17
Global bond yields rising on debt, investment.
Rising yields are not a US-only problem: global government bond yields have climbed back to 2023 levels because governments issued large amounts of debt and money's price rose with stronger economies and infrastructure investment in Europe, Korea, Taiwan/Japan and the US, with war adding extra pressure. US 10-year yields near 4.8 are approaching the estimated appropriate level around 5.1, so global sovereign bond prices remain unattractive.
IEF Global sovereign bonds MED
Lee Kwon-hee CEO, Economist 6:13
European defense stocks lead on war demand.
War creates new demand rather than only destroying economies; Europe's economy improved during the Russia-Ukraine war because the defense/military industry boomed, and European defense companies are now leading stock prices.
ITA HIGH
Lee Kwon-hee CEO, Economist 7:46
Dell's record results confirm AI infrastructure demand.
Dell Technologies reported record earnings and jumped after hours because it is now making money from AI server rack assembly, not just PCs; the record result shows AI server rack demand and infrastructure investment are expanding even while macro fears pressure semiconductor shares.
DELL HIGH
Lee Kwon-hee CEO, Economist 8:54
Korean semis need Q3 earnings catalyst.
Samsung Electronics and SK Hynix have strong earnings and record semiconductor exports, but their stocks cannot rise because macro risks and supply/demand flows dominate. With noise heavy, nobody wants to buy despite cheap valuations, leaving mostly buybacks and program trading. The most realistic catalyst is third-quarter earnings, with Samsung preliminary results due in early October, so the stocks are likely rangebound until then.
005930.KS 000660.KS HIGH
Lee Kwon-hee CEO, Economist 10:40
US semis face overhead supply, need time.
US semiconductor shares are also stuck in a box because the Philadelphia Semiconductor Index sits below heavy overhead resistance and the chart shows supply rather than buying appetite. Micron remains trapped in its cloud band, and while bulls see consolidation before a breakout, bears see downside risk. The index needs time and the third-quarter earnings catalyst to resolve the range.
SOXX MU MED
Lee Kwon-hee CEO, Economist 18:16
SK Innovation leads refining stocks on oil/rates.
The overlap of falling rate expectations and rising oil prices is creating a new alternative in Korean refiners. Lee highlights SK Innovation as the best-performing stock lately, with both sides buying and refining/energy stocks moving again.
096770.KS Korean refining stocks MED
Lee Kwon-hee CEO, Economist 18:42
KOSDAQ is illiquid, directionless after rebound.
Foreign investors have effectively abandoned KOSDAQ; trading is dead, almost no stock saw foreign buying above 100 billion won except Silicon2 and Alteogen, and sell amounts are much larger. After a technical rebound, KOSDAQ has no clear direction.
KOSDAQ Composite MED
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This 815 Money Talk (815머니톡) video, published September 02, 2026, features Lee Kwon-hee discussing IEF, Global sovereign bonds, ITA, DELL, 005930.KS, 000660.KS, SOXX, MU, 096770.KS, Korean refining stocks, KOSDAQ Composite. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Kwon-hee  · Tickers: IEF, Global sovereign bonds, ITA, DELL, 005930.KS, 000660.KS, SOXX, MU, 096770.KS, Korean refining stocks, KOSDAQ Composite