Morning Brief: SpaceX Nasdaq 100 Inclusion First Day Plunges 6.8%... Below Opening Price [2026/07/08]

Summary

The hosts review global markets after a sharp tech sell-off fueled by rising oil and bond yields following Hormuz strait tensions. They highlight value opportunities in oversold semiconductors (Samsung, SK hynix, SOX), a bounce in Occidental on oil, Meta's AI model, and strong earnings from Penguin Solutions. In crypto, Bitcoin is showing bottoming signals while Ethereum could outperform. Korean analysts see Hive and Park Systems as attractive, and financials' strength suggests the market sell-off may be overdone.

• Chinese auto glass leader Fuyao Glass trades at multi-year low valuations despite rising ASP, presenting a value opportunity.
• Hormuz tanker attacks spike oil, benefiting US onshore producer Occidental Petroleum.
• Meta's new in-house image generation model signals AI capability advancement.
• Penguin Solutions raises full-year guidance on robust AI memory demand.
• Bitcoin consolidates near support with potential regulatory tailwind; Ethereum could lead on liquidity.
• Samsung Electronics' sell-off seen as overdone; KB Securities reiterates Buy with 550,000 KRW target.
• SK hynix's 27% drop partly temporary due to ADR listing, creating an entry point.
• Hive's Q2 earnings surge and low valuation offer a re-rating catalyst.
• Park Systems shows relative strength amid semiconductor equipment sell-off.
• Korean financials at 52-week highs, indicating no systemic risk and market resilience.
• Philadelphia Semiconductor Index oversold, historical patterns suggest a short-term bounce.