US-Iran War Escalation Sinks New York Stock Market

Meanwhile, Iran's financial difficulties are deepening as its oil export blockade continues.

Park Myung-seok explained, "If Democrats control either the House or the Senate, it means that major bills, apart from mandatory spending bills, will be difficult to pass for the next two years." In this scenario, reliance on executive orders is expected to intensify. Concerns about delays in legislation for key policies such as cryptocurrency bills were also raised.

Park Myung-seok commented, "The Treasury's bond purchases start tonight. D-Day was set as September 9th. Will it bring calm to the market? This is certainly good news. But everyone is rather unsure about the impact of these buybacks." While the purpose is to inject liquidity into the market, bond traders maintain a wait-and-see attitude regarding its actual effect.

The Astra model showed 17% accuracy, while the undisclosed internally developed model reached 47%. Park Myung-seok stated, "Astra had 17% accuracy, and the internally developed model reached 47%. The internal Astra model solved this." This is considered an example illustrating the exponential development speed of AI models.

This led to a concurrent decline in the stock prices of competitors like Amgen and Eli Lilly.

Expectations for Samsung Electronics and SK Hynix remain high, but there is an increasing concentration on memory semiconductors compared to other sectors like KOSDAQ.

Park Seung-young said, "I don't think the possibility of a rate hike in September is very high. And it seems possible there might be one in December." The tone of remarks from the New York Federal Reserve and the Fed Chair is not considered strong, and the Core PCE (Personal Consumption Expenditures) price index is currently at 2.6%, showing a slight rise from its bottom.

If the inference market expands, demand for DRAM may increase more than HBM, and Samsung Electronics could have a relative advantage in terms of HBM, DRAM, and dividends.

Park Seung-young emphasized, "Now I am against further reducing semiconductors to move into other areas." After underperforming in July-August, the semiconductor industry is expected to show a different trend in September. Maintaining semiconductor holdings from a long-term perspective and trading at the bottom of the range is an effective strategy.

Park Seung-young explained, "That's not it. Chinese companies can't use the equipment, so they use DUV equipment to draw and move line widths sideways. They have managed to make semiconductors up to 7 or 5 nanometers. But the yield is very low." There was also an opinion that media reports tend to exaggerate China's technological threat.

Park Seung-young stated, "Now that they have a packaging facility in Yokohama, they can directly test there. This means they can greatly accelerate cooperation with Soo-Boo-Jang related to packaging plants in the future." Existing R&D tests in Korea took a long time due to procedures such as chemical customs clearance, and the Yokohama center is expected to reduce such inefficiencies.

Park Seung-young explained, "We're not going there to fight on our own; we'll eventually go to the rear. But if we go, it's best to do so in a state of international cooperation." The National Assembly's approval process can be used as diplomatic leverage, and the opinion was raised that a public discussion process is needed rather than an abrupt deployment.

An analysis suggests that positions betting on yen weakness were liquidated due to yen strength, causing a shock to the market. Park Byung-chang explained, "Losses due to yen strength — for example, positions that bet on yen weakness — are currently being liquidated. Yesterday, we saw a sharp drop at 1:30 PM, from positive to negative. If you look at the Nikkei 225, it's the same." The timing of the decline in the Korean stock market and the Japanese Nikkei index coincided, indicating that complex supply and demand issues linked to US interest rate policy contributed to the stock market's downturn.

Park Seung-young said, "Looking at the content from major IT tech reports, the semiconductor news was good. Since futures usually come in with institutional investors, mostly from venture capital, pulling in semiconductors, from that perspective, I think we will get through this well." Major IT tech reports also showed favorable semiconductor performance. An update on market conditions after today's close is needed.

It is also necessary to examine construction equipment stocks alongside this.

Furthermore, hyperscalers' off-balance sheet liabilities of $3 trillion are assessed as manageable with annual cash flow.

Son So-hyun predicted, "I think it will be a bit of a difficult market, at least in my opinion." It is necessary to formulate a response strategy focusing on key variables such as interest rates, prices, and oil prices.

Son So-hyun analyzed, "Token prices have fallen, but people are using them more. The amount of tokens spent per person is increasing, and actually, they are getting smarter. So, in this aspect, even if the price decreases, the increase in quantity is greater if usage increases and the money paid increases." The trend of AI agentification is also leading to an increase in actual payment amounts.

Park Ji-hoon said, "There might be a perspective of balanced development. So, if the budget is allocated, there's a strong possibility it will include infrastructure investment." It is clear that infrastructure investment and data center-related policies will undoubtedly proceed.

Park Ji-hoon explained, "What about distribution prices? They are rising. The burden of costs is lessening, and selling prices are going up. This kind of trend can emerge." This is expected to positively impact the steel industry's profitability.

Park Sang-hee explained, "Well, the market reaction isn't very good, frankly. Because Hunter Biden himself is known in the US as someone who has caused a lot of problems, the fact that such a person is issuing a meme coin suggests that the intention doesn't seem pure." Concerns about fraud were also raised as the conditions, such as a 30% allocation for founders, a six-month selling restriction, and a Democratic presidential victory for burning tokens, were deemed unrealistic.

A court ruling stated that the legal nature of digital assets is unclear, limiting investor rights protection. Park Sang-hee revealed, "The court ruled that digital assets cannot be considered objects or securities, thus a claim for return cannot be exercised. In legal terms, it was deemed a 'non-typical contract similar to fungible deposit,'" The court determined that digital assets cannot be viewed as objects or securities, and fall under a 'non-typical contract similar to fungible deposit,' dismissing a claim for the return of specific assets. This raises the need for separate additional legislation to protect investors.

However, concerns about regulatory gaps that may arise if domestic investors use overseas services are also being raised.