00:02You're listening to AI Prism from Seoul Economic Daily.
00:06The Kospi fell 3.65% to 6,384, its first closed below 6,400 in two months.
00:17Foreign investors have sold 199 trillion won of Korean stocks this year,
00:22and SK Hynix's buyback is nearly done.
00:26Microsoft's new AI chip will use 2.7 times more HBM per rack.
00:31Yet SK Hynix's U.S. shares trade 40% above its Korean shares.
00:37And bond funds took in 1.6 trillion won in just four trading days.
00:42It's Tuesday, October 13th.
00:44Here's what today's story could mean for the Korean market.
00:47Korea's market reopened after the October 8th and 9th holidays to a weak finish in U.S.
00:52Chip stocks.
00:53Meanwhile, strategists say thin supply and demand is making Korean stocks react sharply
00:58to small negatives, even with record corporate earnings.
01:02And big tech is signaling it needs far more memory, which is the long-term case for Korea's chipmakers.
01:08Here's what the numbers show.
01:09The KOSPI closed down 3.65% at 6,384.24, its first closed below 6,400 since August 11th,
01:20and the KOSDAQ fell 4.83% to 849.19.
01:25Foreign investors sold a net 2.0115 trillion won,
01:30lifting their year-to-date net selling to 199.1 trillion won.
01:35The Philadelphia Semiconductor Index fell 3.78%,
01:40and Micron 5.42%,
01:42while Korea was closed on October 8th and 9th.
01:45Yet Taiwan's TayX barely moved,
01:48down 0.02%.
01:50Microsoft's Maya 300 uses 8 HBM4 stacks per chip,
01:55and 96 accelerators per rack, raising HBM per rack from 288 to 768, about 2.7 times.
02:06SK Hynix's U.S.
02:08ADR closed at $169.03 on October 9th,
02:13a 40.42% premium to its Korean shares,
02:17with its buyback about 90% complete and expected to finish around October 20th.
02:23Bond funds drew $1.5911 trillion won from October 1st to 7,
02:29above all, of September's $1.1769 trillion won,
02:34as the Bank of Korea governor said inflation will stay above 2% for some time.
02:38So what does this mean for investors watching the board today?
02:41Earlier, we said foreign investors have sold $199 trillion won this year,
02:46and SK Hynix's buyback is nearly done.
02:49Here's what that actually means for you.
02:51Analysts say supply and demand is thin, so even small negatives hit hard.
02:57And they expect a gradual recovery, rather than a sharp V-shaped rebound,
03:01unless rates in oil, calm, and chip profit growth looks durable.
03:05Watch SK Hynix's October 27th earnings,
03:09where observers expect guidance on further buybacks and ADR issuance.
03:13And big tech earnings later this month for AI spending signals.
03:18This is market context, not investment advice.
03:22What to watch.
03:24SK Hynix's third quarter earnings, expected around October 27th, for buyback and ADR guidance.
03:31Big tech earnings at the end of this month,
03:34where AI revenue growth and investment plans will be checked.
03:37And this month's Bank of Korea rate meeting,
03:40around which one analyst expects short-term yields to rise sharply.
03:44That's today's AI Prism, stock investors.
03:49This episode was produced with AI assistance based on Seoul Economic Daily reporting,
03:54and reviewed by a human editor.
03:57AI Prism is a Juan Ifra award-winning series.
04:00We'll be back tomorrow.
04:01You've been listening to AI Prism from Seoul Economic Daily.
