June 26 Before Market Open: Nasdaq falls despite Micron surge, Apple 6% plunge shock / JP Morgan says KOSPI will hit 15000, is it serious? Or is it to lure retail investors?

Summary

This June 26 pre-market broadcast reviews a mixed US session where the Nasdaq fell despite Micron's surge and Apple plunged 6% on price hike concerns. Panelists discuss the AI memory super cycle, Samsung's 1000 trillion won investment plan, summer power shortages, and sector rotation. Key ideas include staying long Samsung Electronics and SK hynix, beneficiaries of semiconductor capex, renewable energy, and US biotech, while avoiding Hyundai Motor on strike risk.

• US market: Nasdaq down for fourth day as Apple's price hike shock offsets Micron's blockbuster earnings; fear & greed index hit extreme fear.
• Memory cycle: Micron's blowout results and long-term supply agreements reinforce earnings visibility and semiconductor dominance.
• Korea memory: Samsung Electronics and SK hynix are core holdings; SK hynix ADR listing in December adds passive flow catalyst.
• Samsung mega-investment: 1000 trillion won 10-year plan to benefit construction affiliates and semiconductor equipment/materials.
• Power shortage: Summer peak plus AI data center demand highlight renewable energy stocks; solar fastest to deploy.
• Airline recovery: Falling oil prices and strong cargo lift Korean Air, Asiana, and Hanjin Kal; large carriers favored.
• Risks: Hyundai Motor union strike and potential parts supplier price cuts; NPS selling pressure caps KOSPI upside near-term.
• Global diversification: US biotech ETFs (IBB, XBI) are rallying while Korean biotech struggles; rotation into US healthcare suggested.