September Is a Stock-Picking Market: Where Is Supply and Demand Concentrated While Semiconductors Take a Break? | Park Byung-chang, MP Partners CEO [Market Inside]

Summary

Park Byung-chang sees September as a rangebound, stock-picking market rather than a directional index market. He argues semiconductors should be bought on dips, especially Samsung Electronics and SK Hynix, while short-term rotation favors Korean secondary batteries, food, and cosmetics exporters. He also interprets US Treasury commentary as supportive of the AI infrastructure growth story and highlights Robotis as a narrow robotics supplier idea.

• September is expected to be volatile and rangebound with individual stock rotation rather than broad index direction.
• Samsung Electronics and SK Hynix are viewed as buy-the-dip semiconductor leaders with long-term AI/memory contract support.
• Korean secondary batteries are seen as a structural opportunity from AI power demand and US-China restrictions.
• Food and cosmetics exporters may get a near-term catalyst from August export data.
• US Treasury Secretary remarks are read as policy support for AI-led growth and future disinflation.
• Robotis is highlighted as a narrow actuator supplier for the popular Micro-Duck home robot.
• Park expects the Fed to hold rates, assigning only about 30% odds to a hike.