Market analysts say persistently high U.S. long-term interest rates could concentrate stock-market liquidity in companies able to finance investment internally and return profits to shareholders. Meritz Securities analyst Hwang Soo-wook identified Samsung Electronics and SK Hynix as potential safe havens, citing their strong shareholder-return capacity without external funding. Hwang said expanded artificial-intelligence capital spending continues to pressure long-term bond supply despite the U.S. Treasury's larger buyback program, making broad valuation expansion across global risk assets difficult until long-term rates stabilize. He said falling oil prices, slower AI capital spending or Federal Reserve intervention could stabilize rates, but argued that Fed action may be the most realistic variable to watch. He highlighted risk-weight relief for banks' corporate-bond holdings, changes to FRTB market-risk capital rules and reduced additional capital requirements for global systemically important banks. Recent South Korean market performance supports the view: the KOSPI fell 0.93% to 6,912.95 during August 18–21 as the U.S. 30-year Treasury yield reached 5.33%, but shareholder-return plans from SK Hynix and Samsung Electronics cushioned the decline. Investors are now watching U.S. July PCE inflation data, Nvidia's earnings and the Federal Reserve's Jackson Hole symposium for signals on AI investment, margins, inflation and rates.