KOSPI Struggles... Retail Investors Turn Overseas [3-Minute Brief]

[At a Glance]
① Samjeon Refutes 'NVIDIA Test Failure Rumors'
② Bank of Korea: "Semiconductor Cycle Positive for Han Economy"
③ Korean Retail Investors Leaving for Overseas Stocks

MARKET INDEX : Year to date

- This week's stock market faces increased uncertainty over monetary policy
- Continued focus on companies with confirmed earnings growth
- Last week, KOSPI fell 1.3%, KOSDAQ fell 1.8%

TOP 3 NEWS

■ Samsung refutes 'Nvidia test' failure rumors: "Progressing smoothly"

- Rebuttal issued 1 hour 30 minutes after foreign media report
- Concerns over HBM business deterioration..."Closely cooperating"
- Samsung lags behind SK Hynix in HBM

■ Samsung C&T expands 'CM' business organization to find new growth engines

- Upgraded to PM/CM team within the construction division
- Expanding CM scope leveraging experience in supertall building construction
- Entry into high value-added sectors raises tension in CM industry

■ Bank of Korea: "Semiconductor market upturn + G2 domestic demand-driven growth... Positive for Korean economy"

- Semiconductor cycle expected to continue until first half of next year
- US and Chinese government stimulus measures also have positive effects
- However, long-term outlook may be negative for exports

Graphic News: For KOSPI to break previous highs, 'Samsung Electronics' must revive

- KOSPI up 2.57% this year... worst performance among major countries
- Analysis attributes this to the leading stock Samsung Electronics' stalled rise this month
- Weak stock price due to diminished expectations for HBM competitiveness recovery

the Chart: Why are retail investors going overseas?

- Overseas investment was at 1/100th level in 2019... expected to take 3 years to exceed half
- Continued capital outflow overseas will cause difficulties in domestic companies' financing volume and costs
- Need to reconsider the direction and effectiveness of K-Value Up in light of investors' movements

Terms in the News: China blocks influencer SNS for violating 'common prosperity'

- Common prosperity is a distribution-centered economic policy meaning "Let's live well together"
- Rising urban-rural wealth gap and youth unemployment led President Xi to reintroduce it
- Influencers flaunting 1.9 billion KRW worth of luxury items also had their SNS blocked

Today's Key Schedule

○ Domestic

○ Overseas
- 17:00 Germany May Ifo Business Climate Index
- 19:00 Eurozone Finance Ministers Meeting
- 21:30 Canada Wholesale Sales

◇ Lunch & Commute Weather

○ Low temperature 14℃(▼1℃) ｜ High temperature: 23℃(▼2℃)
○ Precipitation probability 10% in the morning｜20% in the afternoon
○ Fine dust Good in the morning｜Moderate in the afternoon

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.