◆Aju Economic Major News
▷"Mirae Asset Securities fails to secure shares in SpaceX IPO... 1.8 trillion won raised, but actual allocation is '0 shares'"
- On June 14, financial industry sources reported that Mirae Asset Securities did not receive any shares in the SpaceX IPO subscription it was pursuing in South Korea, leading to changes in plans by Korea Investment Trust Management, which intended to utilize these shares.
- Korea Investment Trust Management announced recently that the planned inclusion of SpaceX shares in its portfolio did not materialize.
- However, Korea Investment Trust Management plans to buy shares directly on the listing day to include them in the ETF.
- Earlier, Mirae Asset Securities participated in the underwriting syndicate for the SpaceX IPO, which launched on June 12 (local time), but failed to secure any shares in the final allocation.
- Other space ETFs, aside from the ETF that sought direct allocation, are expected to proceed with their plans to include SpaceX shares as scheduled.
◆Major Reports
▷Wag The Dog: The Noise of the Tail and the Resilience of the Body [Samsung Securities]
- The 'Wag The Dog' phenomenon in the domestic futures market is expected to gradually subside as the expiration issues come to an end.
- However, volatility driven by supply-demand dynamics and event noise, another 'tail,' may continue to shake the body (fundamental value).
- Ahead of the largest IPO in history with SpaceX's listing, a temporary supply-demand black hole may form across the global asset market. The stock market could also fluctuate depending on negotiations between the U.S. and Iran.
- Nevertheless, the fundamental principles of investing remain clear. Strategies should prioritize investing in the solid fundamentals of the body rather than the noise-driven trading caused by the tail's erratic movements.
- This tail's fluctuations are deemed temporary. The shock from domestic expiration dates has passed, and global shocks are expected to subside around the upcoming U.S. expiration date (June 18).
- Additionally, while the SpaceX listing may cause short-term liquidity concentration, it is seen as a new opportunity for South Korean semiconductors in the medium to long term, as geopolitical issues are unlikely to escalate into catastrophe.
- Ultimately, market attention will shift to Micron's earnings announcement (June 25), returning to a strong fundamental performance driven by 'artificial intelligence (AI) growth potential.'
◆Major Announcements After Market Close (June 12)
▷Cube Entertainment announces 10 billion won third-party allocation capital increase
▷Sambo Industry announces 2.78 billion won third-party allocation capital increase
▷MNC Solutions decides on a 2-for-1 stock split
▷Hanmi Semiconductor announces a 50 billion won investment in SpaceX
◆Fund Trends (as of June 11, excluding ETFs)
▷Domestic equity funds: +3.8531 trillion won
▷Overseas equity funds: +123.1 billion won
◆Key Schedule for Today (June 15)
▷Eurozone: Export and import statistics (April), industrial production (April)
▷United States: Industrial production (May), New York state manufacturing index (June), housing market index (June)
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.