Name: Sell-off Zone? Prepare to Buy! Around 7,000 is the Decisive Point | Park Byung-chang, MP Partners CEO [Market Inside]
Uploaded: 2026-07-09T00:31:30+00:00
Duration: 2583 s

Speakers

Park Byeong-chang — Director, MP Partners

Summary

Park Byung-chang, Director of MP Partners, analyzes the severe sell-off in Korean markets. He sees KOSPI near 7,000 as a buying opportunity driven by panic, while KOSDAQ's 36% drop is an abnormal leverage-induced decline that should normalize. He highlights oversold semiconductor equipment stocks poised for a bounce, SK Hynix's ADR listing premium, and positive US regulatory news for Korean nuclear and shipbuilding sectors.

KOSPI broke 7400 support and may test 7000 on capitulation; Park is preparing to buy around 7000.
KOSDAQ's 36% peak-to-trough decline is abnormal and driven by leveraged ETF unwinding, likely to normalize.
Semiconductor equipment stocks have fallen over 50% and are expected to rebound sharply when semiconductors bounce.
SK Hynix's ADR listing is expected to trade at a premium, supporting the Korean share price.
China's potential H200 import easing shows persistent need for high-end AI chips, positive for NVIDIA.
US nuclear regulatory easing allows Korean firms to directly invest in US nuclear projects.
US Navy formally requested information from Korean shipbuilders for support vessels, signaling potential orders.

Ideas

Park Byeong-chang Director, MP Partners 7:35

NVDA benefits from China H200 easing.

China is reportedly considering allowing imports of NVIDIA H200 chips on a limited basis, contrary to earlier ban talks. The market reacted strongly (Alibaba +11%, NVIDIA +3.6%), revealing that China still urgently needs high-end AI chips and cannot replace them locally. This supports NVIDIA's demand narrative.

Park Byeong-chang Director, MP Partners 13:44

SK Hynix rises on ADR listing premium.

SK Hynix's ADR listing on NYSE is imminent. Park expects the ADR to trade at a premium due to easier access for US investors and the new listing premium effect. He sees positive sentiment around the listing, and UBS even recommended selling the Korean line and buying the ADR, which underscores expected premium.

Park Byeong-chang Director, MP Partners 14:22

Buy KOSPI near 7000 on panic.

KOSPI broke the 7400 support and panic selling could push it to 7000. Park sees this capitulation-driven decline as a buying opportunity because the sell-off is fueled by leveraged ETF unwinding and fear, not a systemic crisis. He states he is preparing to enter around 7000, expecting abnormal moves to normalize.

Park Byeong-chang Director, MP Partners 22:18

KOSDAQ abnormal decline will normalize.

KOSDAQ has fallen 36% from its high and returned to levels of a year ago. Park argues this decline is abnormal and driven by leverage/unwinding of ETFs on large-cap stocks, not by fundamental deterioration. He expects such abnormal situations to eventually normalize, making this a monitoring setup for a mean-reversion trade.

Park Byeong-chang Director, MP Partners 24:14

Oversold semiconductor equipment to bounce back.

Korean semiconductor equipment and materials stocks (sectors like Hanmi Semiconductor, EO Technics, Wonik IPS, Soulbrain) have fallen 50% or more from their highs during this correction. Park notes they were previously strong and believes they are deeply oversold. He expects them to aggressively chase the upside when semiconductors rebound.

Park Byeong-chang Director, MP Partners 39:16

US easing opens Korean nuclear investment.

The US Nuclear Regulatory Commission eased rules on foreign ownership and control of nuclear facilities, effective July 7. This allows Korean companies to directly develop, own, and operate nuclear projects in the US. Park highlights this as a major regulatory opening that enables the Korean nuclear industry's US investment plans.

Park Byeong-chang Director, MP Partners 40:04

US Navy RFI signals shipbuilding orders.

The US government officially requested information (RFI) for design and construction of support vessels and oilers from Korean shipbuilders, marking the first direct government RFI since US-Korea shipbuilding cooperation talks. HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries submitted their capabilities, signaling potential future orders.

Sell-off Zone? Prepare to Buy! Around 7,000 is the Decisive Point | Park Byung-chang, MP Partners CEO [Market Inside]

Summary

Ideas

Up Next