July 2nd #BeforeMarketOpen: Warsh says inflation risk decreased. / Meta "AI chip hoarding is over" Semiconductor stocks plummet, New York stock market falls

[July 2nd #BeforeMarketOpen] Wash, inflation risk has decreased. / Meta "AI chip hoarding is over" Semiconductor stocks plummet, New York stock market falls

Watch on YouTube ↗ | July 02, 2026 at 00:19 | 2:34:16 | 815 Money Talk (815머니톡)

Speakers

Lee Ju-hyeon — Director, Xangle

Ha Chang-bong — CEO

Lee Kwon-hee — CEO, Economist

Summary

The panel analyzes the overnight semiconductor sell-off triggered by Meta's cloud comments and dismisses it as noise rather than a fundamental capex cut. Speakers remain bullish on Samsung Electronics and SK Hynix, advising buying on dips. They highlight rotation opportunities in KOSDAQ policy plays, nuclear power, large construction, power infrastructure, and robot parts. OCI Holdings, Samsung SDS, and Hyundai Motor are among the specific long calls. The overall message is that the AI-driven semiconductor cycle is intact despite short-term volatility.

Meta's announcement of excess cloud computing capacity spooked markets but is seen as noise; no capex cut.
All speakers reaffirm bullish stance on Samsung Electronics and SK Hynix, citing HBM yield and LTA pricing power.
KOSDAQ premium index and ETF plans expected to drive institutional flow into select small/mid-caps.
Nuclear power stocks (Doosan Enerbility, KEPCO KPS, KEPCO E&C, KEPCO) are bottoming with policy and data-center demand catalysts.
Power infrastructure (HD Hyundai Electric, Hyosung Heavy, LS Electric) benefits from record orders and AI data-center build-out.
OCI Holdings seen as a beneficiary of potential US ban on Chinese inverters.
Robot parts stocks (HL Mando, SL, Hwashin) positioned for US-China supply chain decoupling.
Samsung SDS and Hyundai Motor flagged as value/insider buying and robot-auto recovery plays respectively.

Ideas

Lee Ju-hyeon Director, Xangle 3:45

Policy ETF to drive KOSDAQ inflows.

KOSDAQ is introducing a premium index of 70 stocks, heavily weighted toward semiconductor small/mid-caps and biotech, and plans to launch an ETF linked to it. This policy-driven supply will attract flow into KOSDAQ, making it necessary to hold both KOSPI and KOSDAQ.

Lee Ju-hyeon Director, Xangle 3:49

Premium index favors KOSDAQ semiconductor equipment.

The KOSDAQ premium index is expected to include a large portion of semiconductor equipment and materials companies. This selection will channel institutional and policy-driven flow toward these stocks, benefiting the KOSDAQ semiconductor small/mid-cap sector.

Lee Ju-hyeon Director, Xangle 5:50

Nuclear power stocks bottoming with policy catalyst.

Nuclear power stocks are at a bottom and have started a slight rebound. The government is considering a combined renewable+nuclear strategy for the semiconductor cluster, and data center power shortages reinforce the need for nuclear. New domestic large-reactor sites (two confirmed plus two more possible) and SMR site confirmed, Czech reactor contract signed, and additional orders from Vietnam and Europe are expected. Still cheap after deep correction.

Lee Ju-hyeon Director, Xangle 6:12

Defense rebound may continue on strong orders.

Defense stocks, which had been neglected due to semiconductor crowding, showed a strong rebound today on bargain hunting. The order and earnings momentum remains excellent, suggesting the rebound could continue. Hanwha Aerospace's ongoing stake acquisition in KAI further supports the sector.

Lee Ju-hyeon Director, Xangle 7:25

Large construction has multiple strong catalysts.

Large construction stocks are attractively positioned after a correction, with multiple simultaneous catalysts: data center build-out, Middle East reconstruction, domestic redevelopment, and new nuclear power projects. Small-cap construction stocks are surging, signaling momentum that could rotate into large-cap names like Hyundai E&C and Daewoo E&C.

Lee Ju-hyeon Director, Xangle 14:56

SK Hynix LTA without price cap bullish.

The Meta-driven semiconductor sell-off is merely noise from window dressing and over-interpretation; there is no fundamental capex cut. If Samsung Electronics or SK Hynix fall 5-7%, it is a clear buying opportunity. The adjustment may be stretched in time but not deep, as strong earnings and AI demand remain intact. The speaker views a 5%+ drop as an explicit buy signal.

Ha Chang-bong CEO 37:24

Power equipment orders at record high.

Power infrastructure is currently the strongest non-semiconductor sector. Super-high-voltage transformer and switchgear orders are at all-time highs, with Q1 operating profit up over 40% YoY. Amid market rotation, if these names pull back with the broad market, they offer a compelling buying opportunity. Key names are HD Hyundai Electric, Hyosung Heavy Industries, and LS Electric.

Lee Ju-hyeon Director, Xangle 92:48

OCI Holdings benefits from US China inverter ban.

The US FCC is considering restricting imports of Chinese-made energy inverters on national security grounds, potentially banning up to 80% of the market supplied by Chinese firms like Sungrow and Huawei. This would create a large void that Korean inverter and renewable energy equipment makers can fill. OCI Holdings, which manufactures domestic inverters, is seen as a prime beneficiary if the ban proceeds.

Lee Kwon-hee CEO, Economist 99:14

Robot parts chain shifts from China to Korea.

Boston Dynamics' testimony to the US Congress highlighted national security risks from Chinese dominance in robot hardware, advocating for supply chain diversification toward allies like Korea. This legislative push benefits Korean robot parts makers, especially those within Hyundai Motor's value chain. HL Mando, SL, and Hwashin are transforming from auto parts to robot components and offer cheap entry points for long-term accumulation.

Lee Kwon-hee CEO, Economist 128:53

Hyundai Motor robot and auto recovery play.

Hyundai Motor has been weak, but a research report cites the RMAC facility in Singapore (factory learning for robots) and BD stake expansion as sustained robot commercialization momentum in H2. The core auto business is expected to recover in H2 with new model launches. The speaker personally added to the position for his daughter's long-term account, indicating strong conviction.

Lee Kwon-hee CEO, Economist 130:30

Samsung SDS cheap with insider buying.

Samsung SDS has suffered a deep decline and is now showing signs of reversal as executives purchase additional shares. With the stock being cheap and insider buying providing a catalyst, it presents a value opportunity within the Samsung Group.

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This 815 Money Talk (815머니톡) video, published July 02, 2026, features Lee Ju-hyeon, Ha Chang-bong, Lee Kwon-hee discussing KOSDAQ Index, KOSDAQ Semiconductor Equipment & Materials Sector, 두산에너빌리티, 034020.KS, 051600.KQ, 051600.KS, KEPCO E&C, 052690.KS, 한국전력, 015760.KS, KAI, 047810.KS, 현대건설, 000720.KS, 대우건설, 047040.KS, SK하이닉스, SSNLF, 005930.KS, 000660.KS, HD현대일렉트릭, 267260.KS, 효성중공업, 298040.KS, 010120.KS, 010060.KS, OCI홀딩스, 005850.KS, 204320.KS, SL, 화신, HL만도, 010690.KS, 005380.KS, 삼성SDS, 018260.KS. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Ju-hyeon, Ha Chang-bong, Lee Kwon-hee · Tickers: KOSDAQ Index, KOSDAQ Semiconductor Equipment & Materials Sector, 두산에너빌리티, 034020.KS, 051600.KQ, 051600.KS, KEPCO E&C, 052690.KS, 한국전력, 015760.KS, KAI, 047810.KS, 현대건설, 000720.KS, 대우건설, 047040.KS, SK하이닉스, SSNLF, 005930.KS, 000660.KS, HD현대일렉트릭, 267260.KS, 효성중공업, 298040.KS, 010120.KS, 010060.KS, OCI홀딩스, 005850.KS, 204320.KS, SL, 화신, HL만도, 010690.KS, 005380.KS, 삼성SDS, 018260.KS