[26.07.03 Morning Broadcast Full View] US Semiconductor Index Closes Down Another 5%...Nasdaq 'Down'·Dow 'All-Time High'

[26.07.03 Morning Broadcast Full View] US Semiconductor Index Closes Down Another 5%...Nasdaq 'Down'·Dow 'All-Time High

Watch on YouTube ↗ | July 03, 2026 at 03:15 | 6:10:06 | 3PRO TV (삼프로TV)

Speakers

Lee Seon-yeop — CEO, AFW Partners

Kwon Soon-woo — Reporting Team Lead, 3PRO TV

Park Byeong-chang — Director, MP Partners

Song Jaekyung — CEO

Kim Moon-jung — PB, Hana Securities Daegu Central WM Center

Kim Dahye — Senior Researcher, Hana Securities Research Center

Baek Chan-gyu — Center Head, NH Investment Securities

So Jin-woo — Manager

Park Sang-hyuk — Editor

Choi Yoon-young — Team Lead, Hanwha Investment & Securities

Tai Won

Park Myung-seok — Curator

Summary

The video discusses the recent drop in the US semiconductor index and its impact on the Korean market. Experts analyze whether the AI boom is slowing down, concluding that the long-term demand remains strong despite short-term volatility. The video also covers investment strategies for the second half of the year, focusing on earnings momentum and specific sectors like K-Aesthetics, tokenized securities, and crypto assets.

The recent drop in semiconductor stocks is seen as a healthy correction rather than a fundamental shift in AI demand.
Meta's potential sale of compute resources is interpreted as a strategic move rather than a sign of oversupply.
POSCO Group is transitioning towards strategic resources and energy to boost long-term profitability.
Low PBR stocks and securities might benefit from upcoming tax reforms and market rotations.
K-Aesthetics companies, particularly injectables, show strong earnings potential despite lagging stock prices.
Korean equities are expected to have strong earnings momentum in Q2, suggesting a buy-on-dip strategy during the summer.
Bitcoin and Ethereum are showing signs of recovery, supported by institutional adoption and ETF inflows.
Securitize (SEZ) is highlighted as a key infrastructure play for the growing Real World Asset (RWA) market.

Ideas

Lee Seon-yeop CEO, AFW Partners 58:22

AI demand remains strong despite recent overreactions.

The recent drop in AI semiconductor stocks due to Meta's news is an overreaction. Meta didn't officially announce selling compute, and OpenAI's CFO says compute is severely lacking. The long-term view hasn't changed, and the drop is a healthy correction. Big tech companies are still in a survival game for AGI and need more memory. The AI value chain also includes power equipment, CPU orchestration, and MLCCs.

Kwon Soon-woo Reporting Team Lead, 3PRO TV 116:33

POSCO is transitioning to strategic resources.

POSCO Group is transitioning from a steel company to a strategic resources (lithium, cathode, anode, rare earths) and energy (LNG, renewables) company. They aim to increase profit 6x by 2035, reducing their reliance on the steel industry.

Park Byeong-chang Director, MP Partners 124:44

Semiconductor drop is due to leverage reduction.

The recent drop in semiconductor stocks is due to institutional selling and margin requirement changes reducing leverage, not a fundamental change. Don't panic sell. Power equipment and financials are also showing positive signs.

Song Jaekyung CEO 194:38

Tax reforms could boost low PBR stocks.

Low PBR stocks might see a re-rating due to potential tax reforms in July penalizing companies with PBR < 0.8 during inheritance. Securities stocks, often a leading indicator in bull markets, are trying to bottom out.

Kim Moon-jung PB, Hana Securities Daegu Central WM Center 208:31

Mega projects will boost semiconductor equipment makers.

The mega project for semiconductors means more capex, benefiting equipment makers like Wonik IPS, PSK, and Jusung Engineering. Look for stocks with a 'wave pattern' on the chart. Easing war issues also benefit materials like Soulbrain.

Kim Dahye Senior Researcher, Hana Securities Research Center 226:26

Injectable aesthetic companies show strong earnings potential.

K-Aesthetics companies, specifically injectables like L&C Bio, PharmaResearch, and Hugel, have strong earnings and exports but their stock prices have lagged. L&C Bio is targeting US/China expansion, PharmaResearch is doing well with Rejuran, and Hugel is starting direct sales in the US. Avoid energy-based devices due to potential inventory issues.

Kim Dahye Senior Researcher, Hana Securities Research Center 226:26

Injectable aesthetic companies show strong earnings potential.

K-Aesthetics companies, specifically injectables like L&C Bio, PharmaResearch, and Hugel, have strong earnings and exports but their stock prices have lagged. L&C Bio is targeting US/China expansion, PharmaResearch is doing well with Rejuran, and Hugel is starting direct sales in the US. Avoid energy-based devices due to potential inventory issues.

Baek Chan-gyu Center Head, NH Investment Securities 249:47

Buy Korean equities during the summer lull.

Korean equities have strong earnings momentum this year, especially in Q2. Take profits after Q2 earnings and buy back during the summer lull, focusing on current value (semiconductors, power equipment) and future value (robotics, space, nuclear). US equities will benefit from earnings and election policy momentum in H2. KOSDAQ lacks fundamental earnings and is driven by liquidity and policy.

Baek Chan-gyu Center Head, NH Investment Securities 249:47

Buy Korean equities during the summer lull.

Korean equities have strong earnings momentum this year, especially in Q2. Take profits after Q2 earnings and buy back during the summer lull, focusing on current value (semiconductors, power equipment) and future value (robotics, space, nuclear). US equities will benefit from earnings and election policy momentum in H2. KOSDAQ lacks fundamental earnings and is driven by liquidity and policy.

So Jin-woo Manager 294:51

AI hardware momentum will return with earnings.

Q2 earnings season will bring back momentum to AI hardware. Global investors' interest is shifting to Japanese semiconductor equipment makers like Tokyo Electron as memory makers increase capex.

Park Sang-hyuk Editor 311:26

Bitcoin and Ethereum show signs of recovery.

Bitcoin is recovering as MicroStrategy's stock recovers and smaller companies buy BTC. Cantor Fitzgerald predicts a cycle bottom around October. Ethereum is also positive with the launch of Ethereum Institutional and spot ETF inflows.

Choi Yoon-young Team Lead, Hanwha Investment & Securities 345:28

Securitize is a strong proxy for RWA.

Securitize (SEZ) is a tokenized securities infrastructure company compliant with SEC/FINRA. It recently listed via SPAC and serves as a good proxy for the rapidly growing Real World Asset (RWA) market.

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3PRO TV (삼프로TV) · Jul 03

This 3PRO TV (삼프로TV) video, published July 03, 2026, features Lee Seon-yeop, Kwon Soon-woo, Park Byeong-chang, Song Jaekyung, Kim Moon-jung, Kim Dahye, Baek Chan-gyu, So Jin-woo, Park Sang-hyuk, Choi Yoon-young discussing 005930.KS, 000660.KS, NVDA, 009150.KS, Power equipment, 042700.KS, INTC, 005490.KS, XLF, Low PBR stocks, Securities, 036930.KQ, 240810.KQ, 319660.KQ, 357780.KQ, 214450.KQ, 290650.KQ, 145020.KQ, 214150.KQ, 320000.KQ, EWY, ROBO, SPY, Space/Aviation, Secondary batteries, SMH, NUCLEAR, KOSDAQ, AI Hardware, 8035.T, BTC, ETH, SEZ. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Seon-yeop, Kwon Soon-woo, Park Byeong-chang, Song Jaekyung, Kim Moon-jung, Kim Dahye, Baek Chan-gyu, So Jin-woo, Park Sang-hyuk, Choi Yoon-young · Tickers: 005930.KS, 000660.KS, NVDA, 009150.KS, Power equipment, 042700.KS, INTC, 005490.KS, XLF, Low PBR stocks, Securities, 036930.KQ, 240810.KQ, 319660.KQ, 357780.KQ, 214450.KQ, 290650.KQ, 145020.KQ, 214150.KQ, 320000.KQ, EWY, ROBO, SPY, Space/Aviation, Secondary batteries, SMH, NUCLEAR, KOSDAQ, AI Hardware, 8035.T, BTC, ETH, SEZ