Name: Market anxiety has eased… next up is Q3 earnings? | Park Byeong-chang, CEO of MP Partners [Market Inside]
Uploaded: 2026-09-17T00:22:07+00:00
Duration: 2673 s

Speakers

Park Byeong-chang — Director, MP Partners

Summary

Park Byeong-chang, CEO of MP Partners, discussed the market's reaction to the Federal Reserve's rate hike and said the immediate anxiety has eased, shifting focus to Q3 earnings. He expects the KOSPI to rise, sees memory semiconductor shortages and AI expansion as ongoing themes, and views nuclear energy and the Alaska LNG project as important investment narratives. He also cautioned that optical communication and bio moves are harder to trade.

Fed rate hike was expected; market anxiety eased.
KOSPI expected to rise after a neutral start.
Wall Street cut S&P 500 targets on multiple compression, but Park expects upside.
Memory shortage and price hikes support SK hynix and Micron.
AI speed-control debate seen as election noise, not a trend change.
Italy's nuclear restart highlights energy security theme.
Alaska LNG delay does not kill the project; shipbuilders still benefit.
Optical communication and bio moves noted but not clean trades.

Ideas

Park Byeong-chang Director, MP Partners 1:52

Fed hike passed, KOSPI can rise.

The Fed rate hike was largely anticipated, so the immediate uncertainty has passed. Park expects the KOSPI to open neutral and then turn higher during the session, with institutional buying and foreign futures buying supporting the market as attention shifts to Q3 earnings.

Park Byeong-chang Director, MP Partners 17:09

S&P 500 can rise despite target cuts.

Wall Street banks lowered S&P 500 year-end targets because higher rates force multiple compression, even though they raised earnings estimates. Park disagrees with the bearish target cuts and expects the index to move higher.

Park Byeong-chang Director, MP Partners 26:20

Alaska LNG still supports shipbuilders.

The U.S.-Korea investment agreement and Alaska LNG project were delayed, but Park views the project as still alive. Korea may not invest capital but can participate in construction and related work, so the selloff in related shipbuilders is overdone and HD Hyundai Heavy Industries remains a beneficiary.

Park Byeong-chang Director, MP Partners 28:03

Memory shortage drives prices and profits.

Intel's CEO warned of a deepening memory shortage and 5-7x price spikes, while memory makers and buyers including SK hynix and Micron agree that shortage and price increases will continue next year. Park says this broad message should be believed, benefiting memory producers.

Park Byeong-chang Director, MP Partners 29:47

AI expansion intact despite regulatory noise.

The recent AI speed-control and regulation debate is political noise ahead of elections, not a real derailment of AI expansion. Park argues the AI innovation cycle must continue and regulatory issues will be handled, keeping AI infrastructure and semiconductor demand intact.

Park Byeong-chang Director, MP Partners 34:07

Nuclear revival on energy security.

Italy is reversing its 1987 nuclear phase-out and restarting nuclear power as energy becomes a national-security resource amid rising electricity demand. Park sees this as an important signal of a global nuclear revival and state-led energy policy.

Market anxiety has eased… next up is Q3 earnings? | Park Byeong-chang, CEO of MP Partners

Summary

Ideas

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