Will the market endure even with a September rate hike? Two things to watch now | Park Byeong-chang, MP Partners CEO [Global Interview]

Will the market endure even with a September interest rate hike?..2 things to watch now | Park Byeong-chang, MP Partners CEO [Global Interview]
Watch on YouTube ↗  |  September 09, 2026 at 22:48  |  20:24  |  3PRO TV (삼프로TV)
Speakers
Park Byeong-chang — Director, MP Partners

Summary

Park Byeong-chang, MP Partners CEO, discusses why Korean memory stocks are lagging US peers and why he still sees upside. He argues the US rally is narrowly led by AI/data center/semiconductor names, while Korean certainty is limited to Samsung Electronics, SK hynix, and energy stocks. He also addresses September Fed hike odds, saying a hike may not shock markets and could pull long-end Treasury yields lower, but warns that if rates reach 4.25%, AI capex bubble concerns may return next year.

  • Korean memory lag is attributed to retail and ETF supply overhang plus buyback-related upside pressure.
  • Samsung Electronics and SK hynix are still viewed as having upside from current levels.
  • US equity strength is narrow and concentrated in AI, data centers, and semiconductors.
  • Korean energy stocks are highlighted as another clear certainty in the domestic market.
  • A September Fed hike may be treated as preemptive and may not shock the market.
  • If rates reach 4.25%, AI capex bubble concerns and smaller-company default risk could reappear.
Ideas
Park Byeong-chang Director, MP Partners 1:33
Korean memory upside despite supply overhang.
Korean memory leaders Samsung Electronics and SK hynix have lagged US memory peers mainly because of a supply overhang: individuals sold over 10 trillion won in just two days, heavy first-half individual and financial-investment buying plus ETF inflows created positioning burden, and buyback programs tend to cap upside while active. The lag is seen as a temporary aftereffect of July's spike and crash, and from current prices the direction is clearly higher once time resolves the supply issue.
005930.KS 000660.KS HIGH
Park Byeong-chang Director, MP Partners 5:29
Only AI data center semis deserve longs.
The S&P 500 is making a historical high while the Nasdaq is below its own high and the Dow is weaker; this divergence reflects a narrow rally concentrated in AI, data center, and semiconductor names. Investors are favoring these because they are seen as the only clear growth sector that can keep producing earnings through rate-hike fears, oil-driven inflation, and war-related uncertainty, while most other areas fall.
AI-SECTOR HIGH
Park Byeong-chang Director, MP Partners 7:43
Korean energy stocks are another certainty.
In Korea, the only clear certainty areas are Samsung Electronics, SK hynix, and energy stocks. Energy stocks are grouped with the certain leaders because rising oil, war-related supply pressure, and inflation create an environment where they can continue to work, while most other Korean stocks lack clear direction and should be traded very short-term or avoided.
XLE MED
Park Byeong-chang Director, MP Partners 9:36
September hike may not shock market.
If the Fed hikes in September, the market may not suffer a major shock because the hike could be read as a preemptive or insurance move rather than an open-ended tightening cycle. In that scenario, the market could stabilize, and 10-year and 30-year Treasury yields could fall, so investors should not be overly worried about the immediate September decision.
IEF TLT MED
Park Byeong-chang Director, MP Partners 9:36
September hike may not shock market.
If the Fed hikes in September, the market may not suffer a major shock because the hike could be read as a preemptive or insurance move rather than an open-ended tightening cycle. In that scenario, the market could stabilize, and 10-year and 30-year Treasury yields could fall, so investors should not be overly worried about the immediate September decision.
SPY MED
Up Next
7:01
Kirk: Tariffs Are Taxes on US Businesses and Families
Bloomberg Markets · Sep 09
8:33
Dr. Oz: Fraud Findings Could Double Medicare Trust Fund Life
Bloomberg Markets · Sep 09
40:20
Will AI End The World, What is Scott Bessent Doing, and Why I Love uPNL
Thread Guy · Sep 09
53:57
Apple Unveils New Products Under Ternus | Bloomberg Businessweek Daily 9/9/2026
Bloomberg Markets · Sep 09
57:29
SK Hynix ADR Reaches All-Time High…Semiconductor Strength Continues Despite Soaring Interest Rates and Oil Prices [Wall Street Newsletter]
3PRO TV (삼프로TV) · Sep 09

This 3PRO TV (삼프로TV) video, published September 09, 2026, features Park Byeong-chang discussing 005930.KS, 000660.KS, AI-SECTOR, XLE, IEF, TLT, SPY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang  · Tickers: 005930.KS, 000660.KS, AI-SECTOR, XLE, IEF, TLT, SPY