Name: July Stock Market's Biggest Variable is Earnings... What's the Semiconductor Response Strategy? | Park Byung-chang, MP Partners CEO [Market Inside]
Uploaded: 2026-07-08T00:37:49+00:00
Duration: 2501 s

Speakers

Park Byeong-chang — Director, MP Partners

Summary

Park Byung-chang, MP Partners CEO, analyzes the KOSPI's range-bound action between 7,400 and 8,500, advocating aggressive buying at the lower support. He stresses that only the top two semiconductor stocks (Samsung Electronics and SK Hynix) should be held, as peripherals will lag. Positive catalysts include Samsung's foundry turnaround and a potential SK Hynix ADR premium, while KOSDAQ needs KOSPI to stabilize before it can recover.

KOSPI is stuck in a 7,400–8,500 range; aggressive buying recommended at 7,400 support.
In semiconductors, own only Samsung Electronics and SK Hynix; avoid peripheral stocks that will underperform.
Samsung Electronics foundry turned profitable in June for the first time in three years; Lee Jae-yong's US trip may bring new orders.
SK Hynix ADR subscription was heavily oversubscribed, hinting at a future premium and possible arbitrage.
KOSDAQ has fallen 33% from its high and will only turn when KOSPI enters a range or semiconductor selling eases.
Biotech stocks could be the early leaders when KOSDAQ recovers, but the pattern hasn't held yet.
Leveraged single-stock ETFs are contributing to abnormal volatility; most are trading below their listing price.

Ideas

Park Byeong-chang Director, MP Partners 7:00

Buy KOSPI at 7,400 support aggressively

KOSPI is locked in a range between 7,400 and 8,500. The speaker advocates aggressive buying at the 7,400 support level, viewing it as a strong floor. A break below could threaten 7,000, but while the level holds, it offers an attractive entry point. The index needs to clear 8,500 to resume an uptrend, but near-term the buying opportunity lies at the lower bound.

Park Byeong-chang Director, MP Partners 24:32

Own only Samsung Electronics and SK Hynix

In the current semiconductor downturn, only the top two names (Samsung Electronics and SK Hynix) should be held. Peripheral semiconductor stocks (equipment, materials, affiliates) will fall more and recover less because money concentrates on the leaders when sentiment is fragile. The top two have held above their June lows and offer better risk/reward.

Park Byeong-chang Director, MP Partners 24:32

Own only Samsung Electronics and SK Hynix

Samsung Electronics is seeing a positive catalyst from its foundry business turning profitable in June for the first time in three years. Additionally, Chairman Lee Jae-yong's attendance at the Sun Valley conference could secure new foundry orders, echoing past successes when his visits led to contract wins. This adds a company-specific upside to Samsung beyond the broad semiconductor theme.

Park Byeong-chang Director, MP Partners 27:02

KOSDAQ needs KOSPI range to turn

KOSDAQ has fallen about 33% from its high, a decline usually seen only in crises, driven by extreme semiconductor concentration. The index will only get its turn to rally when KOSPI enters a stable range-bound phase or when semiconductor selling pressure eases and liquidity rotates. Until then, KOSDAQ remains a watch-and-wait setup.

This 3PRO TV (삼프로TV) video, published July 08, 2026, features Park Byeong-chang discussing EWY, 000660.KS, 005930.KS, KOSDAQ Index. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang · Tickers: EWY, 000660.KS, 005930.KS, KOSDAQ Index

July Stock Market's Biggest Variable is Earnings... What's the Semiconductor Response Strategy? | Park Byung-chang, MP Partners CEO [Market Inside]

Summary

Ideas

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