Name: Japanese Stock Market Upheaval! Market Cap #1 Changed, What Kioxia's Rapid Rise Tells Us_26.06.19. | So Jin-woong, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
Uploaded: 2026-06-19T02:52:39+00:00
Duration: 3123 s

Speakers

So Jin-heung — Manager

Summary

Manager So Jin-heung discusses Chinese and Japanese equity markets, emphasizing that AI hardware and semiconductor equipment themes continue to drive outperformance. He highlights the STAR Board and ChiNext in China and Japanese equipment makers as attractive. The US-Iran truce is seen as a catalyst for defense restocking and LNG supply chain diversification. Korean memory stocks remain undervalued despite strong runs, and the BOJ rate hike had little market impact.

Chinese STAR Board and ChiNext indices outperform on AI hardware strength.
Korean memory giants Samsung and SK Hynix keep cheap valuations as earnings surge.
Post-conflict defense restocking makes defense stocks attractive.
LNG shipping and terminal operators stand to benefit from Hormuz risk diversification.
Japanese semiconductor equipment stocks gain structural market cap weight from long-term AI buildout.
BOJ rate hike was fully priced in; yen weakness persists but no clear trade signal.
US-Iran ceasefire provides temporary calm but structural energy diversification continues.

Ideas

So Jin-heung Manager 15:35

Chinese AI hardware indices outperform broad market

China's STAR Board and ChiNext indices, heavily weighted toward AI hardware and semiconductor stocks, have been trending upward and will continue to outperform the broader Shanghai Composite. The structural shift toward advanced manufacturing and AI demand supports these indices, while large-cap banks and consumer stocks lag.

So Jin-heung Manager 16:56

Korean memory stocks still cheap on earnings

Korean memory chip makers Samsung Electronics and SK Hynix have seen huge share price increases, yet their valuations have not expanded because earnings estimates are surging even faster. The stocks are still considered cheap relative to growth, with no valuation re-rating despite strong performance.

So Jin-heung Manager 25:43

LNG shipping and terminals benefit from Hormuz de-risking

Countries will diversify energy supply chains away from the Strait of Hormuz after recent tensions. This creates long-term demand for LNG shipping and terminal operators as alternative transport infrastructure becomes critical, independent of oil price direction.

So Jin-heung Manager 26:06

Defense stocks benefit from post-conflict restocking

The end of active US-Iran conflict means defense spending will accelerate to replenish depleted weapons stocks, and structural global rearmament trends persist. Defense stocks are seen benefiting from post-conflict restocking, making them attractive.

So Jin-heung Manager 43:57

Japanese semiconductor equipment stocks gain structural weight

Japanese semiconductor equipment makers are global top-tier, and their market cap share keeps increasing, reflecting the long-term structural AI buildout. Even skeptics accept AI's future, so equipment demand won't be a short cycle, making these stocks attractive.

This 3PRO TV (삼프로TV) video, published June 19, 2026, features So Jin-heung discussing STAR Board Index, CNXT, 005930.KS, 000660.KS, LNG shipping and terminal operators, Korean defense sector, SMH. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: So Jin-heung · Tickers: STAR Board Index, CNXT, 005930.KS, 000660.KS, LNG shipping and terminal operators, Korean defense sector, SMH

Japanese Stock Market Upheaval! Market Cap #1 Changed, What Kioxia's Rapid Rise Tells Us

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Ideas

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