Don't Ask the Price, Just Sell... Fear-Stricken Retail Investors Cry Out

Summary

Park Se-ik's morning newspaper briefing covers a volatile Korean and global market backdrop, comparing the selloff to February 2018 and planning to buy leaders after a one-week correction. He highlights the AI-driven software selloff, Walmart's platform re-rating, Korean retail value stocks benefiting from Chinese tourists, record short-selling balances, Tesla's solar threat to Hanwha Q CELLS, and Japan's yen weakness scenario. The main investment implications are buy-the-dip in Korean equities, avoid AI-disrupted software, watch Korean value and offline retail, and expect continued yen weakness.

• Park Se-ik compares the current selloff to the February 2018 flash crash and plans to buy stocks after about a week of weakness.
• AI models such as Claude Cowork are pressuring per-seat software and SaaS business models.
• Walmart's offline-digital platform transformation explains its $1T market-cap re-rating.
• Korean department stores and offline retailers are rising on value rotation and Chinese tourist inflows.
• Foreign selling and record short-selling balances raise volatility risk in Samsung Electronics and SK hynix.
• Tesla's new solar panel push is seen as a threat to Hanwha Q CELLS and Korean solar.
• Takaichi's expected election win supports continued yen weakness and carry trades.