The Market Now Is a Rate Fight…Decided Next Week | Park Byung-chang, CEO of MP Partners [Market Inside]

Summary

Park Byung-chang, CEO of MP Partners, attributes the current market sell-off to rate hike fears and SpaceX IPO supply overhang. He advises gradual dip-buying ahead of the FOMC decision, expecting a dovish outcome to lift the market. He points to Korean semiconductor equipment as a supercycle opportunity, and watches Samsung and SK Hynix's AI infrastructure capex for potential re-rating. KOSPI's 7,200 level is a critical support to monitor.

• US and Korean markets selling off due to CPI data, Iran tensions, and capital raising by AI companies like Oracle, amid rate hike concerns.
• SpaceX's upcoming IPO and index inclusion are pulling liquidity from tech stocks, but most of the repositioning may already be done.
• The key event is next week's FOMC; if Powell dismisses rate hike fears, market could rebound.
• Park is buying dips with a plan to build a 100% position by next week, currently 60% invested.
• Korean defense, shipbuilding, and nuclear stocks rose amid broad sell-off, showing selective rotation.
• Semiconductor equipment is in an early supercycle with multi-year demand visibility and supplier price increases.
• Samsung and SK Hynix could get re-rated if they deploy profits into sustainable AI businesses like data centers.
• KOSPI's 7,200 point level is a critical support; holding it may preserve upward momentum.