[Emergency Live] 'All of it - supply/demand issues'... Take a break for the rest of June | Hong Seon-ae, Park Byung-chang CEO of MP Partners

Summary

In this urgent live broadcast, Park Byung-chang (CEO of MP Partners) analyzes the Korean stock market after a 10% plunge the previous day. He attributes the drop entirely to half-year supply/demand rebalancing, not fundamentals, and highlights the rebound led by Samsung Electronics and domestic institutions. He explains the divergence between Samsung and SK hynix in HBM strategy, warns that the biotech bounce may be a fake, and advises watching Micron's earnings as a leading signal for Korean chipmakers. He expects the market to stabilize after June and recommends a patient, observant approach.

• The 10% sell-off was caused purely by half-year rebalancing supply/demand, not fundamental changes
• Samsung Electronics surged 8%, driving the KOSPI rebound, supported by institutions including pension funds
• Samsung's aggressive HBM4 expansion contrasts with SK hynix reducing HBM4 scale, implying possible catch-up in AI memory
• Korean biotech stocks remain directionless after breaking support; today's bounce is likely a fake and should not be chased
• Micron Technology's earnings reaction tonight could serve as a template for Samsung and SK hynix's post-earnings moves next month
• Park Byung-chang personally expects the Fed to freeze rates, but acknowledges market pricing of one or two hikes
• Investors are advised to treat the rest of June as a 'rest period' and avoid urgent directional bets