June 29, 2026 Morning Broadcast – New York Stock Market Slightly Down Amid AI and Semiconductor Stock Decline... A Polarized Market, Until When?

Summary

The broadcast analyzes a polarized market where AI/semiconductor stocks decline while other sectors like healthcare and biotech rally. Korean KOSPI dips but KOSDAQ surges over 5% on biotech and policy hopes. Multiple speakers remain bullish on semiconductors, highlighting equipment names, power infrastructure plays, and specific catalysts like SK hynix's ADR and Samsung's upcoming blockbuster earnings. Crypto is seen lagging as funds flow to AI equities, though mining stocks pivoting to AI data centers offer opportunities. The massive 2,000 trillion KRW semiconductor cluster announcement dominates the domestic narrative, driving thematic trades in equipment, transformers, and construction. Regulatory hopes for digital assets also support Chainlink while cautioning on Hyperliquid.

• Global markets show rotation from AI/semiconductors to healthcare; US indices mixed with small caps outperforming.
• KOSPI down sharply led by Samsung/SK hynix, but KOSDAQ rallies over 5% on biotech and 2nd battery stocks.
• A mega semiconductor cluster investment of up to 2,000 trillion KRW is announced, boosting equipment, power infrastructure, and construction themes.
• Apple's memory price hike complaints and OpenAI IPO delay are viewed as noise; semiconductor demand and earnings remain robust.
• SK hynix's upcoming Nasdaq ADR listing is highlighted as a major re-rating catalyst; Samsung Electronics expected to deliver a massive 100 trillion KRW operating profit surprise.
• Korean biotech leaders (Alteogen, LigaChem Bio) surge on CSD policy expectations and oversold conditions.
• Cryptocurrencies underperform as ETF outflows accelerate; Bitcoin miners shifting to AI data centers (Hut 8, Iris Energy) are advocated.
• Chainlink is positioned as key infrastructure for on-chain finance post-Clarity Act; Hyperliquid faces regulatory risk.