美股 · 6684

Korean retail investors flocked to US stocks to bet on SK Hynix ADR, and 1.16 trillion won capital inflows triggered a sharp premium

Comparative news, according to data from the Korea Securities Depository and Settlement Agency, South Korean retail investors are buying up their ADR (American Depositary Receipts) listed on the US NASDAQ in a big way, causing ADR to have a large premium compared to local Korean stocks. Since SK Hynix ADR was listed on NASDAQ on July 10 to August 19, Korean investors have accumulated a net purchase of SK Hynix ADR of about US$835 million (approximately 1.16 trillion won), ranking second among US stocks bought by Korean investors during the same period, accounting for 16.4% of the total net purchase amount of US stocks by Korean investors. This trend triggered the price gap between SK Hynix ADR and local Korean stocks to continue to widen. SK Hynix Korea's shares closed down 9.75% to 1.5 million won on August 19; ADR in the US market rose 0.35% to close at $156.16. Since 1 SK Hynix ADR corresponds to 0.1 shares of the Korean capital stock, theoretically, the share value after converting the ADR price should be about 10 times the ADR price. However, as of the 19th, the Korean stock price was only 6.82 times the ADR conversion price, which meant that ADR formed a premium of about 46.67% compared to the capital stock. (NATE)

1m ago

Korean retail investors are frantically betting on the recovery of the memory chip sector: 118.5 billion won in a single week to buy US memory ETFs

According to data from the Korea Securities Depository and Settlement Agency, Korean retail investors made net purchases of the “Roundhill Memory ETF” between August 14 and 20 this week, making it the second-largest net purchase of the country's overseas individual stocks and ETF investments (after Alphabet, Google's parent company). This ETF is an actively managed product, mainly investing in major memory chip companies such as Samsung Electronics, SK Hynix, and Micron. Recently, memory chip stocks have clearly picked up. The stock prices of SK Hynix and Samsung Electronics rose 21.6% and 21.8% respectively from August 10 to 21, both exceeding the 10.4% increase of the Korea Composite Index (KOSPI) during the same period. In the US market, Micron rose about 11% over the same period, and SanDisk increased by about 32%. South Korea's domestic ETF market also saw capital inflows. The data shows that the net inflow of the “TIGER US S&P500 ETF” tracking the S&P 500 index from August 14 to 20 was 1709 billion won, and the net inflow of the “KODEX US NASDAQ 100 ETF” tracking the NASDAQ 100 index was 132.3 billion won. Market participants believe that as expectations for the recovery of the semiconductor cycle heat up, investors are increasing their allocation to the AI chip and memory chip industry chain. (Daum) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

Next week's macro outlook: US and Iran sanctions, Jackson Hole, PCE, and Nvidia's earnings report are coming in four major variables. The gold sword points to $4,700

Comparing news, the global market will face multiple risk events next week. The escalation of US and Iran sanctions, Federal Reserve Chairman Walsh's debut at the Jackson Hole World Central Bank Annual Meeting, the release of PCE inflation data in the US for July, and the disclosure of Nvidia's earnings report may become core variables affecting risk asset trends. This week, the sharp rise in US long-term bond yields raised market concerns. After the Treasury expanded the scale of long-term US bond repurchases, the pressure on the bond market eased somewhat, but investors are still concerned about the US fiscal deficit, inflation, and developments in the Middle East. Driven by US debt sustainability concerns, the weakening dollar, and the Treasury Department's expansion of the US bond repurchase program, spot gold surpassed 4,600 US dollars/ounce this week, rising for the third consecutive week, and hit a high of around $4,632 on Friday. Analysts believe that if gold effectively breaks through $4,600, the next target may be at $4680 or even $4,700. Next week, the US-Iran relationship will be the primary focus of the market. US Treasury Secretary Bessent said that the Trump administration will announce new sanctions against Iran on Monday. Trump previously warned that any country providing support to Iran could face economic consequences. Meanwhile, transportation activities in the Strait of Hormuz continue to be blocked, and energy supply risks are driving crude oil to rise continuously. On the Federal Reserve side, the Jackson Hole Global Central Bank Annual Meeting will be held from August 27th to 29th, and Federal Reserve Chairman Walsh will deliver his first speech on August 28. The market is concerned about whether it will release future interest rate path signals and whether it can ease recent pressure on the US bond market. Currently, the market expects that the probability that the Federal Reserve will cut interest rates in September has declined, and traders will focus on Walsh's statement on the 2% inflation target, long-term interest rate, and monetary policy framework. In terms of economic data, the US core PCE price index for July will be released next week. This is the inflation indicator that the Federal Reserve is focusing on. The market expects core PCE to rise 0.2% month-on-month. If the data is higher than expected, it may weaken expectations of interest rate cuts and put pressure on gold; if it falls short, it may further drive the rise of precious metals. In addition, revised US second-quarter GDP values, durable goods orders, consumer confidence index, and revised non-farm payroll benchmark data will also be released one after another next week. On the corporate side, Nvidia's (NVDA) earnings report will be the focus of the US stock market. Technology stocks have recently been under pressure. The Nasdaq index fell about 2% this week, and the semiconductor sector fell by more than 4%. The market will focus on Nvidia's continued investment in AI infrastructure, the progress of Rubin chips, and the state of business in China. Analysts believe that if Nvidia's performance continues to strengthen AI growth expectations, it may become an important catalyst for the S&P 500 index to hit 8,000 points; if performance or guidance falls short of expectations, it may increase the pressure on technology stocks to adjust.

4h ago

The three major US stock indexes closed higher this morning. Cryptocurrency concept stocks continued to rise, and Tesla hit a new high during the month

Comparative news is that US stocks closed on Friday. The Dow initially closed up 0.98%, the S&P 500 index rose 0.43%, and the NASDAQ rose 0.43%. Tesla (TSLA.O) rose 5.14%, Oracle (ORCL.N) rose 3.11%, and SpaceX (SPCX.O) rose 2.22%. Intel (INTC.O) fell 2.24% and Nvidia (NVDA.O) fell 0.98%. In terms of cryptocurrency concept stocks, MSTR rose 6.10%, CRCL up 5.16%, COIN 8.20%, BMNR 5.84%, SBET 4.22%, and PURR 4.96%.

10h ago

Bitmine became the US stock listed company most sensitive to the price of ETH, and its correlation surpassed that of Coinbase

In comparison, Ethereum treasury company Bitmine posted an article on the X platform stating that the company has become the company with the highest correlation with the price of Ethereum (ETH) among large US listed companies. Among large US stocks, the correlation between BMNR and ETH price trends exceeds that of other crypto concept stocks, and the crypto trading platform Coinbase (COIN) ranked second. The analysis points out that as institutional investors gain exposure to crypto assets indirectly through listed companies, the trend of “crypto treasury stocks” such as BMNR is increasingly being affected by the price of underlying digital assets. Compared to traditional crypto trading platform stocks, Bitmine's business model makes its stock price more sensitive to ETH price fluctuations. However, the market also warned that the high correlation between BMNR and ETH means that its stock price is not only affected by the company's operating conditions, but may also amplify the risk of fluctuations caused by rising or falling Ethereum prices.

21h ago

A number of crypto concept stocks rose more than 10% in the intraday market, and the AI sector was not surprised

Comparative news, according to BIT (bit.com) market data, after the opening of the US stock market, many crypto concept stocks continued to rise, with intraday gains of more than 10%. GEMI rose 10.03%, HOOD rose 12.98%, CRCL rose 9.25%, and COIN rose 9.6%. The AI sector is not surprised today, with mixed ups and downs. Among them, the storage stock SanDisk fell 0.34%, and Neocloud stock NBIS rose 2.78%. US stock Hynix rose 1.85%. LITE, an optical communications concept stock, rose 2.01%.

21h ago

J.P. Morgan warns of the risk of a fall pullback in US stocks, the AI boom may repeat the 2000 tech bubble

Comparing news, JPMorgan (JPMorgan) warned that although the world's major stock indexes are still on an upward trend, the market may face the risk of a pullback in late summer to early fall. The bank said that recently the internal structure of the US stock market is deteriorating, capital has begun to shift to defensive assets, and investors' confidence in artificial intelligence (AI) related stocks has also weakened. Jason Hunter, a strategist at J.P. Morgan Chase, pointed out that the current AI trading boom is similar to the 1999-2000 tech stock bubble. The market's excessive concentration of positions in the technology sector may increase the risk of adjustment. Furthermore, the continued rise in US Treasury yields, geopolitical tension in the Middle East, and slowing consumer spending have also been identified by J.P. Morgan as potential sources of market pressure. J.P. Morgan believes that the current AI investment cycle still has potential for long-term growth, but market valuations, capital congestion, and investor expectations in the short term may put technology stocks at greater risk of volatility.

22h ago

US stocks opened higher, crypto concept stocks generally rose, HYPE Treasury rose more than 9%

Comparative news, when US stocks opened, the Dow rose 0.5%, the S&P 500 index rose 0.4%, and the NASDAQ rose 0.4%. According to BIT (bit.com) market data, in terms of technology stocks, Micron Technology rose 1%, and the company's CEO said that currently customer demand exceeds the company's supply by about 50%. Broadcom rose 1.6%, and the company sought more than $60 billion in debt financing to provide chip infrastructure for AI companies. Crypto concept stocks are generally rising. Among them, HYPE treasury company PURR led the way, opening up more than 9%. MSTR is up 4.08% and BMNR is up 2.13%. COIN rose 5.52% and CRCL rose 6.35%. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

22h agoburnking