What the Long Lower Shadow Means, Is Only a Rebound Left Now? | Park Byeong-chang, MP Partners CEO [Market Inside]

Summary

Park Byeong-chang interprets the KOSPI's sharp sell-off and long lower shadow as a potential bottom with heavy institutional buying. He sees the decline as a full reset of this year's gains, paving the way for a rebound. He highlights power equipment as a secular growth story, robotics as a beneficiary of US-China decoupling, and HD Hyundai group's attractive quarterly dividends. He also flags Oracle as a bellwether for the AI capex debate and Samsung Electronics as a near-term catalyst.

• KOSPI's long lower wick and institutional buying suggest a market bottom and a fresh start.
• The sell-off has erased all gains from the March–July rally, aligning with the speaker's July-bottom view.
• Power equipment/energy infrastructure remains a no-brainer secular growth sector, with Hyundai Electric's sell-off seen as overdone.
• US ban on Chinese robots gives Korean robotics stocks an immediate thematic catalyst.
• HD Hyundai Heavy Industries, Korea Shipbuilding, and HD Hyundai offer attractive quarterly dividends, adding yield appeal.
• Oracle is the key barometer for the AI spending debate; a breakout there would signal all-clear.
• Samsung Electronics' shareholder policy and final earnings are critical to watch for market stabilization.
• Defensive sectors like cosmetics and department stores are showing relative strength but the speaker gives no explicit buy call.