Interest rates rise and yen-carry funds withdraw… Will KOSPI rebound today? | Park Byeong-chang, MP Partners CEO

Interest rates rise and yen-carry funds withdraw… Will KOSPI rebound today? | Park Byeong-chang, MP Partners CEO [Market Inside]
Watch on YouTube ↗  |  September 03, 2026 at 00:05  |  40:52  |  3PRO TV (삼프로TV)
Speakers
Park Byeong-chang — Director, MP Partners

Summary

Park Byeong-chang reviews the KOSPI's expected rebound after yen-carry-related foreign selling, argues the Nasdaq remains unusually resilient despite macro negatives, and highlights Japanese JGB yield risks for AI and growth stocks. He names Samsung Electro-Mechanics and Korean power/nuclear/secondary-battery leaders as relative-strength ideas, while treating Samsung Electronics and SK Hynix as the key market barometer. He also discusses the Dunamu-Visa stablecoin partnership as a regulatory-driven fintech opportunity.

  • KOSPI and KOSDAQ are attempting a partial rebound after yesterday's yen-carry-linked foreign selling.
  • Rising Japanese 10-year JGB yields above 3% are a key risk for global bonds, AI tech, and high-valuation growth stocks.
  • Nasdaq is viewed as unusually resilient, with major negative catalysts unlikely to fully break out before the U.S. election.
  • Samsung Electronics and SK Hynix are seen as the Korean market's stability gauge.
  • Samsung Electro-Mechanics is highlighted for MLCC-driven relative strength after a deep drawdown.
  • Nuclear, transformer, power equipment, and secondary-battery leaders are favored as the strongest rebound trades.
  • The Dunamu-Visa stablecoin partnership is seen as meaningful ahead of expected regulatory progress.
Ideas
Park Byeong-chang Director, MP Partners 3:19
Expect partial KOSPI rebound today
He attributes yesterday's slide partly to yen-carry-related Japanese selling and foreign outflows, but says the selling is now known and global yields have paused; he expects a rebound attempt today that recovers roughly half of yesterday's KOSPI decline, with premarket KOSPI and KOSDAQ quotes up around 1-2%, while cautioning that this is not a trend reversal.
EWY KOSDAQ HIGH
Park Byeong-chang Director, MP Partners 9:50
Nasdaq resilient, likely wants higher
He says the Nasdaq daily chart is unusually resilient relative to current macro negatives, showing only a shallow pullback; because the U.S. election makes a sharp negative catalyst less likely to break out before then, he reads the market as wanting to move higher once conditions stabilize, though two-way volatility remains.
NASDAQ Composite MED
Park Byeong-chang Director, MP Partners 16:23
Japan yield rise pressures growth stocks
Japan's 10-year JGB yield rising above 3% weakens the incentive for Japanese banks and insurers to buy overseas bonds and equities, triggering yen-carry-related selling; if this pushes global long rates higher, it becomes a burden for AI tech and high-valuation growth stocks, though he does not expect uncontrolled blow-up before the U.S. election because the U.S. and Japan are coordinating.
AI tech/growth stocks MED
Park Byeong-chang Director, MP Partners 22:05
Samsung/SK Hynix dictate Korean market
Samsung Electronics and SK Hynix are the key market barometer: when they are stable, individual-stock rotation works, but when they weaken, the rest of the Korean market falls harder; their medium-term upside also hinges on whether the AI growth story succeeds, in which case he argues they would be much higher than today.
005930.KS 000660.KS MED
Park Byeong-chang Director, MP Partners 31:02
Visa stablecoin payment partnership is positive
The Dunamu-Visa partnership is significant because it joins Korean digital-asset technology with Visa's global payments network to build stablecoin payment and global remittance services; Korean banks are nearly ready as custodians and major platforms are preparing, so once regulation clears, likely next year, the stablecoin payment business can scale quickly.
V MED
Park Byeong-chang Director, MP Partners 33:13
Samsung Electro-Mechanics shows strong MLCC rebound
Samsung Electro-Mechanics is attracting attention because MLCC shortage narratives continue; despite a prior deep drawdown from about 240,000 won to 86,000 won, it is holding with relative strength and is now seen as the next interesting Korean semiconductor-related name after Samsung Electronics and SK Hynix, with a tendency to rally sharply when it moves.
009150.KS MED
Park Byeong-chang Director, MP Partners 34:36
Buy strongest power/nuclear/battery leaders
When the market rebounds, the stocks that were strongest before the drop — nuclear, transformers/transmission, power equipment, and secondary-battery leaders including Samsung C&T, Doosan Enerbility, Samsung SDI, LS Electric, and Hyosung Heavy Industries — tend to move hardest; he advises staying in these strong leaders rather than laggards, because laggards fall hard and recover only a little.
034020.KS 010120.KS 298040.KS 006400.KS 028260.KS HIGH
Park Byeong-chang Director, MP Partners 37:00
Packaging/glass substrate equipment leads rebound
Semiconductor packaging/glass-substrate equipment names were among the few strong groups during market weakness and are showing renewed strength as the market rebounds; he treats them as a leading pocket within Korean semiconductor equipment, though individual moves depend on company-specific news.
Korean semiconductor packaging equipment MED
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3PRO TV (삼프로TV) · Sep 02

This 3PRO TV (삼프로TV) video, published September 03, 2026, features Park Byeong-chang discussing EWY, KOSDAQ, NASDAQ Composite, AI tech/growth stocks, 005930.KS, 000660.KS, V, 009150.KS, 034020.KS, 010120.KS, 298040.KS, 006400.KS, 028260.KS, Korean semiconductor packaging equipment. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang  · Tickers: EWY, KOSDAQ, NASDAQ Composite, AI tech/growth stocks, 005930.KS, 000660.KS, V, 009150.KS, 034020.KS, 010120.KS, 298040.KS, 006400.KS, 028260.KS, Korean semiconductor packaging equipment