First Direct Investment in South Korean Equities! Korean Media Reports Temasek Plans to 'Buy the Dip' in Samsung and SK Hynix

Singapore's sovereign wealth fund Temasek plans to make its first direct investment in the South Korean stock market, intending to directly establish positions in Samsung Electronics and SK Hynix using its own capital. Temasek has characterized memory chips as the most undervalued segment in the AI value chain and aims to increase the share of AI-related assets in its portfolio to 15% over the next five years. If successfully executed, this move would complete its exposure to the memory chip segment, complementing its existing holdings in NVIDIA, Taiwan Semiconductor, ASML, and OpenAI.

wallstreetcn26minutes ago

From SanDisk to ChangXin, long-term memory supply agreements are expanding to second- and third-tier manufacturers.

The global supply-demand imbalance in memory chips has intensified, with long-term agreements (LTAs) expanding from Samsung, SK Hynix, and Micron to Western Digital and ChangXin Memory Technologies. Apple’s attempt to negotiate lower procurement prices from ChangXin was rejected, as Huawei and Xiaomi have already secured its production capacity. Goldman Sachs views this as the most notable distinction between the current wave of LTAs and previous cycles, noting that suppliers’ pricing power is profoundly reshaping bargaining dynamics across the entire supply chain.

wallstreetcn10:10

Iranian officials stated that the Strait of Hormuz will not be opened until Tehran's conditions are met | Global Markets

① U.S. military stated it used missiles to strike a merchant vessel heading toward an Iranian port; ② CME Group and Silicon Data plan to launch computing power futures on October 5; ③ The yen has given back nearly half of its recent rebound as the impact of coordinated U.S.-Japan intervention fades; ④ OpenAI executive Brad Lightcap will depart to pursue a 'new project.'

cls.cn07:19

Blame AI concerns? Foreign investors staged a massive exit from South Korean equities in July, marking the ninth consecutive month of outflows from Asian stock markets.

① Amid concerns over AI-related expectations, foreign capital recorded significant net outflows from the equity markets of Taiwan and South Korea in July, with the benchmark indices of the two markets declining by 6.52% and 22.19%, respectively; ② In the same month, a combined net outflow of USD 25.48 billion was recorded across the equity markets of seven regions, including South Korea and Taiwan.

cls.cnAug 11 23:31

Is leveraged capital hijacking the AI rally? Exposure via related ETFs has risen to 58%, and rebalancing could exacerbate volatility in tech stocks.

AI-related exposure in leveraged ETFs has reached 58%, heavily concentrated in semiconductor stocks such as SK Hynix and Micron. Their pro-cyclical daily rebalancing mechanism generates massive portfolio adjustment flows at market close, amplifying volatility in both underlying stocks and the broader market. The recent sharp swings in South Korea’s equity market underscore the risk of these instruments magnifying market volatility, making them a non-negligible source of hidden systemic impact.

wallstreetcnAug 11 21:31

Overseas Research Picks | JPMorgan Remains Bullish on SK Hynix: Market Concerns Overdone, Three Catalysts Ahead

① JPMorgan believes that SK Hynix's recent share price decline is primarily driven by excessive market concerns, and that HBM pricing, capacity expansion plans, and shareholder returns will be key variables going forward; ② the ₩54 trillion investment is a strategic move to prepare for AI memory demand growth beyond 2030, with limited risk of supply surplus; ③ JPMorgan has denied rumors of HBM4 price cuts, but expectations of a 100% price increase are equally overly aggressive.

cls.cnAug 11 20:41