"KOSPI Will Go to 7,900"...Targets Keep Rising on Semiconductor Boom [3-Min Brief]

[At a Glance]
1. New forecast for "KOSPI 7,900"... "Index targets raised on upward revisions to semiconductor earnings"
2. Is Nvidia planning a dual-track HBM4 strategy?... Likely to focus on top-tier performance while complementing the next tier
3. Korea-style BDCs to be introduced next month... Expected to boost venture investment and invigorate the stock market

MARKET INDEX : Year to date

○All three major U.S. New York stock indexes closed lower

○Risk-off sentiment on expectations of an imminent Iranian airstrike

○Blue Owl private equity fund redemption suspension also weighed on markets

Top3 NEWS

■ "KOSPI 7,900 is possible" Forecasts keep rising on the back of Samsung Electronics and SK Hynix leading the rally

○Samsung Electronics share price briefly topped 190,000 won during intraday trading
○KOSPI targets are being revised upward one after another amid a semiconductor boom
○Hana Securities has the highest KOSPI target at 7,900

■ "Samsung is more expensive"... Nvidia's HBM4 dual-track strategy: high-end vs. cost-effectiveness

○Samsung HBM4 is more expensive but offers higher performance
○SK Hynix, the first supplier, is preparing for shipments
○Will the focus shift from volume to performance?

■ Venture investment funds traded like stocks: what impact will BDCs have on KOSDAQ?

○Korea-style BDCs to be introduced next month
○Invests in unlisted venture and innovative companies
○Provides stable funding to quality small and mid-cap firms

Graphic News: Supply from tax-driven sales has been released, but the impact on the jeonse and monthly rent market is "limited"

○Jeonse listings continue to decline despite capital gains tax relief measures
○Seoul jeonse supply has plunged 30% in one year
○Experts say "jeonse prices are likely to keep rising"

the Chart: "When others earn 10%, I earn 20%" Leverage ETFs that swept all of the top 10 returns

○So far this year, all of the top 10 ETFs by returns are leverage products
○They can deliver high returns, but come with significant risk
○Single-stock leverage ETFs are also set to be listed

Key schedule for today

○Domestic

KOSDAQ Kbank subscription, final offering price set at 8,300 won

○Overseas

00:00 U.S. Pending Home Sales (MoM) (January)

02:00 U.S. Crude Oil Inventories

02:00 U.S. Cushing Crude Oil Inventories

03:00 U.S. 30-Year TIPS Auction

06:45 New Zealand Trade Balance (MoM) (January)

06:45 New Zealand Trade Balance (YoY) (January)

08:30 Japan Core CPI (YoY) (January)

08:30 Japan National CPI (MoM) (January)

10:00 People's Bank of China (PBoC) Loan Prime Rate (February)

16:00 U.K. Retail Sales (YoY) (January)

16:00 U.K. Core Retail Sales (YoY) (January)

22:30 U.S. Core PCE Price Index (MoM) (December)

22:30 U.S. GDP (QoQ) (Q4)

22:30 U.S. Core PCE Price Index (YoY) (December)

23:45 U.S. Manufacturing PMI (February)

23:45 U.S. Services PMI (February)

◇Lunchtime & commute weather

○Morning low: 0℃(▲2℃) ｜Daytime high: 13℃(▲6℃)
○Precipitation probability: morning 0%｜afternoon 0%
○Fine dust: morning moderate｜afternoon moderate

Three minutes is all it takes for must-know, value-for-time economic news. Published every day at 8:00 a.m.