Amid semiconductor concerns, 7month 8day, the KOSPI and KOSDAQ 5% or more
7month 8day, the KOSPI and KOSDAQ fell more than 5%. On the same day, some securities firms and experts forecast that the semiconductor supercycle could continue for another 2~3years as long as big tech investment continues, while SG agreed to be the sole supplier of all asphalt concrete to the Yongin Semiconductor Cluster.
7month 8day, the KOSPI and KOSDAQ recorded declines of more than 5% as concerns over semiconductor supply and demand overlapped with geopolitical risks. Investors that day cited the possibility of an earnings peak for the semiconductor sector as the main reason.
At the same time, some securities firms and market experts offered the view that the semiconductor supercycle could continue for another 2~3years as long as big tech companies do not stop investing. Opposing views were also expressed.
There were also successive comments on the valuations of major semiconductor companies and the possibility of revaluation. A specific report raised the possibility of revaluation for Samsung Electronics and SK hynix.
Corporate news was also reported. SG disclosed that it had signed a contract to exclusively supply all the asphalt concrete to be used in the construction of the Yongin semiconductor cluster.
Some reports described the sharp drop as a “Black Wednesday.” Market participants are watching upcoming earnings announcements, supply contracts, and geopolitical variables.
The incident reportedly increased trading value and volatility indicators above normal levels as stock-price volatility rose. Investors have been advised to check disclosures and earnings schedules.