00:02You're listening to AI Prism from Seoul Economic Daily.
00:06The Kospi clawed back above $6,800 today, even though individuals, foreigners, and institutions all sold.
00:15Samsung and SK Hynix's buybacks are quietly propping up the entire index.
00:21U.S. 30-year Treasury yields just hit their highest level in 19 years.
00:26And China's CXMT just started producing HBM chips, with Alibaba reportedly lined up as a customer.
00:35It's Wednesday, September 2nd.
00:38Here's what today's story could mean for the Korean market.
00:41Fed Chair Kevin Warsh's hawkish Jackson Hole remarks are still rippling through global bond markets, keeping pressure on rate-sensitive
00:49names.
00:50Korean trading volumes remain thin, leaving corporate buybacks to do more of the heavy lifting than usual.
00:56And Korea's chip premium is facing its first real test as Chinese memory makers close the technology gap.
01:03Here's what the numbers show.
01:06The Kospi closed at $6,835.8, up 0.23 percent, recovering from an early 1.28 percent intraday drop,
01:16even as individuals, foreigners, and institutions sold a combined $1.66 trillion won.
01:23Other corporations bought a net $1.67 trillion won, absorbing that selling,
01:30largely Samsung Electronics and SK Hynix, buying back 2,650,000 shares of their own stock.
01:39The KOSDAQ fell 1.56 percent to 821.25 as biotech and battery names led losses,
01:48with Peptron down 9.66 percent and EcoPro down 4.49 percent.
01:54The U.S. 30-year Treasury yield topped 5.275 percent,
02:00its longest stretch above 5 percent since 2006 at 55 trading days,
02:05while the 10-year hit its highest level since January 2025.
02:10China's CXMT began small-scale production of HBM-3E chips,
02:16narrowing its gap with Samsung, SK Hynix, and Micron to about one generation,
02:22as Alibaba-linked chip designers test the product for release as early as next year.
02:28So what does this mean for investors watching the board today?
02:32Earlier, we said Samsung and SK Hynix's buybacks are propping up the whole index.
02:37Here's what that actually means for you.
02:40That's a floor under the market, not a rally driver.
02:44Strategists expect gains to stay gradual rather than repeat this year's earlier surge.
02:49Keep watching the September 15th to 16th FOMC meeting
02:54and how China's HBM progress plays into pricing power
02:58for Korea's chipmakers over the coming quarters.
03:01This is market context, not investment advice.
03:05What to watch, whether Samsung and SK Hynix's buyback streak
03:10continues into the FOMC meeting.
03:13The September 15th to 16th I-FOMC decision
03:17with 30-year treasury yields already near 19-year highs
03:21and how quickly CXMT scales HBM-3E output
03:27as more Chinese-fabless firms follow Alibaba's lead.
03:31That's today's AI Prism, stock investors.
03:34This episode was produced with AI assistance
03:37based on Seoul Economic Daily reporting
03:39and reviewed by a human editor.
03:41AI Prism is a Juan Ifra award-winning series.
03:45We'll be back tomorrow.
03:47You've been listening to AI Prism from Seoul Economic Daily.
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