Foreigners Sold, But Market Sentiment Completely Changed | Park Byeong-chang, MP Partners CEO [Market Inside]

Summary

Park Byeong-chang analyzes the recent Korean market rally, attributing it to policy catalysts such as NPS limit increases and foreign ETF access, rather than the Samsung labor deal. He highlights quantum computing stocks on US government investment and recommends Korean AI infrastructure sectors like HBM, power equipment, and nuclear. He also endorses Samsung Electro-Mechanics for its glass substrate technology leadership.

• US market showed resilience despite tariff noise, with quantum computing stocks surging on a $2 billion government investment plan.
• Korean market had its biggest single-day rally in history, driven by domestic institutional buying and policy expectations.
• Park dismisses the Samsung labor deal as the main catalyst, pointing instead to NPS limit increases and foreign ETF access.
• Nomura's KOSPI target raise to 11,000 focuses on memory HBM, power equipment, and nuclear as long-term AI infrastructure themes.
• Quantum computing stocks (D-Wave, IonQ, Rigetti, IBM) are positioned to benefit from government support as a national security priority.
• Samsung Electro-Mechanics is highlighted as a key beneficiary of glass substrate adoption, with analyst targets above 1.6 million won.
• Park warns against leverage and margin trading, citing severe losses from forced liquidations.
• KOSDAQ's foreign buying is concentrated in a few high-quality semiconductor, equipment, and robotics stocks, not broad-based.