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ETF abnormal movement | South Korean stock market hits new high again, Southern doubles up on Hynix (07709) with over 14% increase breaking the peak, SK Hynix releases "iHBM" technology.
Korean ETFs rose, as of the time of writing, the double-long Samsung Electronics (07747) of South China rose 13.53% to 110.45 Hong Kong dollars; the double-long Hynix (07709) of South China rose 4.54% to 159 Hong Kong dollars.
South Korea ETFs continue to rise. As of the time of writing, Southbound double long SK Hynix (07709) rose 13.53% to HKD 110.45, Southbound double long Samsung Electronics (07747) rose 4.54% to HKD 159, South Korea Technology (03431) rose 4.86% to HKD 11, and TR Korea (02848) rose 3.98% to HKD 1931. On the news front, on May 26th, the Korea KOSPI index briefly rose above 8100 points, reaching a new record high, with an intraday gain of over 3%. SK Hynix rose over 7% and Samsung Electronics rose nearly 3%. SK Hynix announced on the 26th the release of the "iHBM" technology. This technology integrates a cooling component "ICE*" inside the HBM package, significantly reducing heat generation during product operation. SK Hynix plans to apply the iHBM technology to next-generation products such as HBM5 to meet the stringent heat management requirements of highly integrated, high-bandwidth applications such as high-performance computing (HPC), AI data centers, and more. In addition, Goldman Sachs believes that the stock market in Korea is poised to rise further, as the surging profits in the semiconductor industry are reshaping the investment landscape in Asia during the current "memory chip super cycle". Goldman Sachs strategist recently raised the KOSPI's 12-month target to 9000 points (previously 8000 points).
Accumulation fund rating: Hong Kong's Mandatory Provident Fund investment return rate in May was 1.11%, with an average per capita earning of HK$3,799.
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