Designation of a land transaction permission zone near Gwangju military airport, semiconductor and nuclear power stocks fluctuate
The Ministry of Land, Infrastructure and Transport has designated the area near Gwangju military airport as a land transaction permission zone for a semiconductor cluster for 2 years, and it will take effect on 7 month 14 day. As the designation news and concerns over power demand converged, stocks related to materials, parts and equipment and nuclear power-related shares moved, while the number of semiconductor target price upgrades in the securities industry plunged.
The Ministry of Land, Infrastructure and Transport designated the area near the site of Gwangju military airport as a land transaction permission zone for a semiconductor cluster. The designation period is 2 years, and it takes effect on 7 month 14 day.
Some land around the military airport was included in the land transaction permission zone designation. The government plans to apply development restrictions and management measures to the area.
After the designation was announced, the stock prices of listed companies related to materials, parts and equipment rose across the board. Some companies that produce semiconductor equipment and parts showed short-term price gains.
At the same time, the number of target-price upgrades for semiconductor stocks in the securities industry sharply declined. Some brokerages held back on raising target prices or issued cautious outlooks.
Concerns over power supply were also raised. 800Along with the point that operating a fab on the scale of trillions of won requires a large-scale power supply, shares related to nuclear power showed an upward trend.
In the market, views on the semiconductor upcycle were mixed. Some stocks continued their gains, while others saw sharp fluctuations amid the impact of target-price adjustments.
These reports were released one after another from 7 month 9 starting on 11 through 7 month 14 following the effective date of the no-trading zone on the day of the month. Investors are paying close attention to related disclosures and changes in approvals and permits.