◆ Ajou Economics Major News
▷ Kioxia Surpasses Toyota, Nvidia Dominates Apple… Semiconductor Sector Reshapes Market Caps in Korea, U.S., and Japan
- The semiconductor sector is gaining prominence in the Korean stock market as the benefits of artificial intelligence (AI) concentrate in this industry. Samsung Electronics, once viewed primarily as a smartphone-centric IT company, has emerged as a key beneficiary of the expanding demand for memory semiconductors in the AI era.
- SK Hynix's transformation is even more dramatic. As a key supplier of high-bandwidth memory (HBM) for Nvidia, it is now considered one of the biggest beneficiaries in the AI landscape. Analysts note that the company has shifted from being heavily influenced by the DRAM market to becoming a central player in AI infrastructure expansion.
- While Samsung Electronics and SK Hynix lead the Korean market, Nvidia effectively dominates in the U.S. Recently, Nvidia's market capitalization surpassed $5.2 trillion, making it the world's most valuable company.
- In Japan, AI is also shaking up the stock market landscape. Kioxia Holdings, a NAND flash memory manufacturer, is at the forefront. Toyota, a symbol of Japanese manufacturing and previously the top company by market cap, is facing challenges as Kioxia's stock price has surged recently.
- Kioxia's shares rose over 7% during trading, pushing its market capitalization above 45 trillion yen at one point, allowing it to surpass Toyota and become the second-largest publicly traded company in Japan.
◆ Major Reports: Unwinding Supply and Demand in Consumer Goods, Finance, and Materials [Shinhan Investment Corp]
- The previous day, the KOSDAQ materials sector was hot. In the past month, the sectors with increased market capitalization on KOSDAQ include semiconductors, machinery, and IT hardware, as AI's influence spreads while biotechnology takes a breather.
- Recently, supply chain stocks in the U.S. and Japan have shown strength, but domestic stocks were previously weighed down by a concentration of demand in large-cap semiconductors, leading to a rebound on this day.
- Expectations for post-election KOSDAQ revitalization policies and the implementation of the National Growth Fund were also reflected, with recent three-month net purchases by foreign investors and pension funds concentrated in IT hardware and banking sectors.
◆ Major Announcements After Market Close (June 4)
▷ Shinhan Securities decided to retire about 1 trillion won in treasury shares, stating it aims to enhance shareholder value.
▷ OSP announced a stock split of 0.5 shares per share.
▷ TSI Scientific announced a 3 billion won capital increase through a third-party allocation.
▷ Kolon Mobility Group acquired shares of AutoHub Selca for 61.7 billion won.
◆ Fund Trends (as of June 2, excluding ETFs)
▷ Domestic Equity: -307.7 billion won
▷ Overseas Equity: -22.9 billion won
◆ Key Schedule for Today (June 5)
▷ South Korea: Current Account (April)
▷ Eurozone: GDP Growth Rate (Q1)
▷ U.S.: Employment Report (May), Consumer Credit (April)
* This article has been translated by AI.
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