The Market Is Being Dragged Along…This Correction Is About Duration More Than Magnitude | Park Byeong-chang, MP Partners CEO [Market Inside]

Summary

Park Byeong-chang discusses the recent sharp selloff driven by rising US yields, Iran tensions, and disappointment from the US-China summit. He advises investors to prune weak stocks first, hold leading semiconductor names, build cash, and wait for clearer buy signals. He highlights that Korean semiconductor leaders (Samsung Electronics, SK Hynix) remain undervalued relative to global peers.

• US 10-year yield spiked above 4.5%, sparking risk-off sentiment.
• Iran conflict fears and disappointing US-China summit outcomes contributed to the drop.
• Korean market saw a 6% KOSPI drop on Friday, driven by foreign and institutional selling.
• Individual investors bought 8 trillion won on Friday, supporting dip-buying potential.
• Park advises keeping leading stocks (Samsung Electronics, SK Hynix) and trimming laggards.
• Foreign broker targets (Nomura) imply significant upside for Korean semiconductor majors.
• The ETF-driven inflows into semiconductor stocks add to volatility but also provide support.
• Park expects the correction to be more about duration than magnitude, requiring patience.