South Korea announced the establishment of a new fund worth 5 trillion Korean won, focusing on investments in semiconductor materials, components, and equipment.

The South Korean government announced the establishment of a KRW 5 trillion semiconductor special fund, primarily targeting chip materials, components, equipment companies, and fabless design firms with growth potential. An additional KRW 5 trillion in trade financing will be provided to support suppliers, and KRW 1 trillion will be invested over ten years to foster stronger collaboration between large enterprises and small and medium-sized suppliers.

wallstreetcnAug 10 18:12

Will Korean equities struggle to stage a V-shaped rebound? Institutions anticipate a 'square-root-shaped' gradual recovery.

① Hana Securities released a report stating that following the sharp decline in the KOSPI, a V-shaped recovery is unlikely; instead, the market will follow a square-root-shaped recovery pattern. ② Korean equities are now trading below their valuation trough during the global financial crisis, while corporate earnings expectations continue to be revised upward, creating a clear divergence between stock prices and fundamentals. ③ The report notes that the current rebound will initially be driven by valuation recovery and favorable interest rate conditions to establish a market bottom, followed by gradual upward momentum supported by improving corporate earnings and returning foreign capital.

cls.cnAug 10 15:54

Microsoft Stock Rises 2%: Upcoming Maia 300 Chip Launch Targets Reduced Nvidia Reliance

Benzinga4minutes ago

Express News | South Korea Plans to Enact Special Legislation to Clear Obstacles for Three Key Projects

BreakingsAug 10 22:16

Express News | Report: NVIDIA collaborates with multiple companies on a $500 billion AI financing deal

Breakings19minutes ago

TSMC Is Pumping $64B Into Expansion — Intel Needs a $15B Stock Sale to Do It

Benzinga20minutes ago