Stock Market Wrap-Up: Market Sentiment and Investment Opportunities

The Korean stock market is cautious as the U.S. FOMC meeting and CPI announcement approach, with a focus on growth stocks and the secondary battery sector.

### Apple's WWDC 2024: Disappointing AI Unveiling and Market Impact
* 🍏  Apple's WWDC 2024 event introduced OS 4 with a focus on **personal information protection** and **Apple Intelligence**. However, the market response was lukewarm, with some disappointment over the lack of **Apple's unique AI creations**.
* 📱  Apple, known as an icon of innovation, was criticized for not showing **very impactful aspects** in the AI services revealed at the event.
* 📉  The stock prices of Korean companies related to Apple, such as BH and LG Innotek, dropped following the **disappointing WWDC announcements**.
* 🔄  Siri's text interface updates and AI-generated emojis were introduced, but the market did not see **significant innovation** in these updates.
* 🔄  Siri is now officially employed by Apple, leading to expectations that **overall conversation interfaces will be conducted through Siri**.
* 🔄  The various devices Apple is implementing are progressing within the Apple ecosystem, and the establishment of this ecosystem through **AI services like Siri** is a **key factor to watch**.
* 📱  The iPhone 16, expected to be released in September, is the **best-selling model in the history of the iPhone**, surpassing the iPhone 12. The extended smartphone replacement cycle is raising expectations for the **16th and 17th models**.
* 📉  Small companies related to lithium, such as Hydro Lithium, saw a **sharp increase in stock prices** following positive news about Bolivia's government being included in lithium development. However, it is difficult to analyze the value of these companies properly, and an approach focusing on **issue plays** may not be the most effective at the moment.

### Analysis and Outlook of the Electric Vehicle and Battery Market
* 🔋  Due to the increased utilization of silicon wafers and expanded supply, the prices of secondary batteries are expected to **continue rising**, with **continuous price hikes likely in June 2024 and beyond**.
* 🚗  Hyundai is constructing a mega plant in Georgia, USA, expected to start operations in September and **commence actual production in 2024 or 2025**. The recent joint venture between SK and a U.S. graphite company, as well as General Motors' wage negotiations with the U.S. United Auto Workers union, are also **significant factors**.
* 📈  With the U.S. imposing tariffs on Chinese batteries and Korean battery companies expected to dominate the domestic market, the competition is intensifying, leading to **cost competition as production volumes increase**.
* 🪙  The prices of mineral resources in the North American market are expected to receive a **premium similar to the Chinese market**, potentially leading to a **different price trend** and **improved prices of related products, including batteries**.
* 🇺🇸  Companies like LG and SK are focusing on **expanding their U.S. capabilities** to qualify for **tax deductions for advanced manufacturing**. The alignment of the big cycle with the interest in **advanced materials such as secondary batteries** is seen as a **favorable trend**.
* 💰  Changes in stock prices are reflecting changes in sentiment, and while there may be a temporary rebound in stock prices due to factors such as **new car releases**, profitability issues should be **carefully considered**.
* 🔮  The electric vehicle market is expected to grow due to the advantages of **economies of scale**, and the era of electric vehicles becoming **cheaper from the powertrain onwards** is approaching.
* 🍏  There has been harsh criticism of Apple's self-developed AI system, Intelligence, highlighting the challenges even leading companies face in **catching up with AI innovation**.

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- Cautious sentiment prevails as the June FOMC meeting of the U.

Federal Reserve approaches, with attention on the uncertainty of the upcoming CPI and FOMC events.

- The Korean stock market is experiencing high volatility, with a focus on short-term trading for small and medium-sized stocks, while the investment sentiment seems to be improving.

- The secondary battery sector, electric vehicle-related stocks, and lithium-related stocks are showing strong performance, with the chemical sector also indicating signs of a rebound.

Market Movements and Apple's WWDC 2024 Event

Individuals in the market showed significant movements before the event, possibly to generate profits, indicating a temperature difference in the sector.

The Apple WWDC 2024 event focused on OS updates, AI-generated emojis, and text interface improvements, but lack of hints about unique creations led to disappointment and profit-taking.

Apple's developments usually lead the way in the market, but this time, the response to their AI introduction was opposite, causing some disappointment.

Apple's performance at the WWDC did not meet the innovative expectations, especially in the AI software-related stocks, leading to a reflection in the stock price.

The company's lack of significant movements in the market has resulted in disappointment, with a minimal impact on the iPhone value chain and related stocks.

The release of the Galaxy S24 and its on-device AI functions also did not bring much innovation, further impacting the market trend.

Anticipated Release of iPhone 16 and the Surge in Lithium-Related Stocks

The iPhone 16 is expected to be released in September, potentially becoming the best-selling model in Apple's history, as the smartphone replacement cycle has extended to 3-4 years.

The stock prices of iPhone-related companies have dropped, creating a potential investment opportunity with a 3-4 month interval.

Lithium-related stocks saw a sharp increase due to positive news about the development of hydro lithium in Bolivia, but it's advised not to invest heavily due to the difficulty in analyzing their true value.

The rise in these stocks is partly due to companies being pushed back in priority, showing a trend of recovery from the bottom, and a positive reaction to internal company issues.

Hyundai's Georgia Plant, Kia's EV3, and General Motors' U.

Hyundai is building a new electric vehicle factory in Georgia, USA, expected to start production in 2024 or 2025.

General Motors has agreed to a 30% wage increase over three years in their U.

negotiations with the United Auto Workers union, while also accelerating the pace for their Ultium Cells 2 factory.

The new regulations and export restrictions are set to significantly increase the market share of domestic battery companies in Korea by 2026, with the North American mineral prices expected to receive a premium similar to the Chinese market.

Shifting Dynamics in the Electric Vehicle Market

The changing price dynamics, especially outside of China, may reduce the need to monitor Chinese soda futures prices, potentially impacting related products like batteries.

Companies like LG and SK are focusing on expanding in the U.

to qualify for tax deductions, while facing fierce competition in other regions.

The distribution of electric vehicles is expected to have a substantial impact from next year to 2026, with a focus on the performance of second-tier cell-up companies in South Korea and the potential rebound of the market based on data releases.

Focus on LG Energy Solution, Hyundai's Mega Plant, and the EcoPro BM Stock

LG Energy Solution's GM Econiq model is receiving a $7,500 subsidy in the US, and the company has a joint venture with Hyundai's Georgia plant.

The stock price of EcoPro BM is expected to rebound, with foreign investors heavily accumulating the stock and a potential for short selling repayment.

The interest in advanced materials aligns with the planned big cycle, driven by the rapid growth of electric vehicle sales and new car releases in the North American market, particularly by GM.

The Intersection of Technology and Market Trends

The discussion covers the potential for a rise in the technology market this year, particularly in the mass-market and electric vehicle sectors.

There is a focus on the growth potential and profitability issues of the mass-market vehicles, as well as the impact of electric car penetration and production costs.

The conversation also addresses the challenges faced by Chinese electric car companies due to tariffs and the struggle to maintain price competitiveness in Europe.

Additionally, there is mention of Apple's difficulties in catching up with AI innovation, highlighting the ever-changing nature of the technology industry.