August 12, 2026 Morning Broadcast Full View: New York Stock Market Closes Down Amid US-Iran Negotiation Uncertainty and CPI Caution

Summary

The August 12 morning broadcast covers overnight US market weakness ahead of CPI data and US-Iran tensions. Curator Park Myung-suk and other guests analyze Nvidia’s $500B vendor financing, Intel’s capex boost, and the ongoing sector rotation from AI hardware to software. Korean analysts provide detailed views on SK Hynix’s Kioxia stake, NAND price recovery, strong K-beauty exports, government robotics purchases, and satellite communication themes. Bond expert Kim Hyo-jin warns that the US Treasury market is losing faith in the Fed and increasingly tracking the Taylor Rule, which points to higher yields.

• US stocks close lower amid caution before CPI and unresolved US-Iran negotiations, with oil edging up.
• Nvidia's $500B compute financing platform with major Wall Street firms draws mixed reactions, raising circular financing concerns.
• Intel's $20B stock offering and capex increase viewed as positive for semiconductor equipment names (ASML, LRCX, KLAC, AMAT).
• Korean market sees rotation: SK Hynix up on Kioxia stake and Solidigm recovery; Samsung driven by shareholder return hopes.
• Korean semiconductor equipment small-caps (Joosung, Wonik, Eo Technics) seen as catch-up candidates alongside memory rally.
• US software stocks (Atlassian, Palo Alto, CrowdStrike, Cloudflare, Palantir) emerging as new AI leaders as monetization improves.
• K-beauty exports surge to record levels, boosting Cosmax, APR, Korea Kolmar; structural growth expanding to US and Europe.
• Government robotics purchase plan and satellite internet ecosystem (RFHIC, Intellian Tech) offer thematic opportunities in Korea.
• Bond market dynamics: Taylor Rule implied rate near 5.1% vs current 3.75%, casting doubt on Fed's ability to keep long rates contained.