Cointime

Cointime

Download App
iOS & Android
Home / Point

Lyon: Korean Kospi Index Pullback of 15% to 25% is an Attractive Entry Point, Favoring Samsung Electronics and SK Hynix

On June 30, Lyon released a report stating that the South Korean government, along with Samsung and SK Group, announced a massive artificial intelligence (AI) investment plan totaling over 475 trillion won, covering semiconductors (320.6 trillion won), physical AI (undisclosed amount), and AI data centers (up to 155 trillion won). Although the investment timeline extends to 2035 and beyond, the bank believes the short-term impact is limited, but this move strengthens the long-term AI investment cycle and industry positioning. Based on this theme, Lyon's preferred companies include Samsung Electronics, SK Hynix, Samsung C&T, Hyundai Motor, Hyundai Mobis, Samsung E&A, and Naver. Regarding the Kospi index, the bank continues to view a pullback of 15% to 25% as an attractive entry point, while the recent 14% decline provides a compelling opportunity (unless systemic risks arise).

Comments

All Comments

Recommended for you

  • Tech Index Soars 1.8%, Technology and Semiconductor Sectors Surge, Traditional Sectors Decline

    On June 30, Hong Kong stocks displayed a significant structural divergence. The Hang Seng Index and the Hang Seng China Enterprises Index both fell by 0.63% and 0.62%, respectively, while the Hang Seng Tech Index surged by 1.8%. The technology and semiconductor sectors became the core driving forces behind the Hang Seng Tech Index's strong performance, while traditional cyclical sectors faced noticeable pressure, becoming the main contributors to the declines in the Hang Seng Index and the China Enterprises Index. Specifically, major technology stocks continued their rebound from yesterday, with Baidu rising by 5%, Tencent by 2.28%, Meituan by 1.26%, and JD.com also showing gains. The semiconductor sector, PCB concept stocks, and optical communication concepts saw renewed explosions, with ASMPT rising by 10%, SMIC by 5.4%, and Changfei Optical Fiber Cable by 6.68%, while Hua Hong Semiconductor also strengthened and reached a historical high. AI application concepts were equally strong, with Zhizhu rising over 7%, Yidu Tech up by 6.4%, and Lenovo Group increasing by over 8%. On the other hand, gold stocks fell sharply as spot gold and silver continued to decline, with several stocks like Everest Gold hitting new lows for the year. Energy sectors such as oil and coal stocks performed poorly throughout the day, while airline stocks, domestic banks, and property stocks all experienced declines. (Gelonghui)

  • Major U.S. Tech Stocks Mixed in Pre-Market Trading, SpaceX Down 0.7%

    On June 30, major U.S. tech stocks showed mixed results in pre-market trading, with Microsoft up 0.6%, Amazon up 0.5%, NVIDIA up 0.3%, Meta up 0.2%, Apple and Alphabet A unchanged, Tesla down 0.4%, and SpaceX down 0.7%.

  • Dan Bin: The AI Wave is Unlikely to End in Three to Four Years, Industry Cycle May Follow a Decade Similar to the Internet Era

    On June 30, Dan Bin, Chairman of Dongfang Harbor, stated at the Gelonghui Mid-Year Strategy Summit: My basic judgment is that the era of artificial intelligence will have a long industrial cycle, similar to that of the internet era. ChatGPT was announced at the end of 2022, and if we refer to the historical rhythm of the internet 'ten years after announcement,' that point (around 2033) is likely to be a reference window for risk assessment. Before that, the industrial development of AI is unlikely to conclude in three to four years. However, short-term market fluctuations and localized bubbles do exist, and investors must rationally assess their situations.

  • A-Shares Conclude First Half of the Year with 4 Stocks Surging Over 1000%

    As of June 30, the A-shares concluded the first half of the year, with 1,695 stocks in the Shanghai, Shenzhen, and Beijing markets having risen this year. Four stocks have recorded cumulative gains exceeding 1000%, namely Lianxun Instruments (2736.26%), C Zhenbao (1448.72%), Dapuwei (1329.47%), and Changjin Photonics (1009.08%), belonging to the general equipment, semiconductor, semiconductor, and communication equipment industries respectively. In total, there are 377 stocks with cumulative gains of 100% or more.

  • Brent Crude Oil Futures Drop by 1%

    On June 30, Brent crude oil futures fell by 1%, trading at $73.15 per barrel.

  • Gold Prices Pressured by Fed's Hawkish Stance, Expected to Record Largest Monthly Decline Since Late 2008

    On June 30, gold prices fell, likely marking the largest monthly decline since October 2008. On a quarterly basis, gold is also set to record its first quarterly drop since 2024, with the decline being the largest since the second quarter of 2013. Although the situation in the Middle East remains uncertain, the market is currently more concerned about the extent to which the U.S. will act to control inflation. Marex analyst Edward Meir stated that the combination of high inflation, expectations of high interest rates, and a strong dollar has suppressed all the usual reasons that support rising gold prices. Christopher Wong, a precious metals strategist at OCBC Bank, pointed out that gold bulls need to see at least one turning point—either a decline in real yields, a weakening dollar, or a significant easing of the market's hawkish expectations for the Fed. Until then, any rebound in gold prices is unlikely to be sustained and is more likely to experience repeated fluctuations below previous highs.

  • Spot Silver Price Increases by 2%

    On June 30, the spot silver price increased by 2% during the day, reaching $59.46 per ounce.

  • Shanghai and Shenzhen Markets' Trading Volume Exceeds 3 Trillion Yuan for the 12th Consecutive Trading Day

    On June 30, the trading volume of the Shanghai and Shenzhen markets exceeded 3 trillion yuan for the 12th consecutive trading day.

  • A-shares Trading Volume Exceeds 2.5 Trillion Yuan

    On June 30, the trading volume of the Shanghai and Shenzhen stock markets exceeded 2.5 trillion yuan, a decrease of 291.9 billion yuan compared to the same time the previous day.

  • Huawei: openPangu-2.0-Flash Model Officially Open-Sourced

    On June 30, according to Huawei's WeChat official account, Huawei officially launched the open-source openPangu-2.0-Flash model with 92 billion parameters. The company stated that the open-source Pangu openPangu is Huawei's brand for open-source AI models, aimed at providing best practice references for the industry to effectively utilize Ascend through native training and inference technologies. Components related to the openPangu-2.0 model will be gradually open-sourced starting from June 30.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company