Smart money piles into South Korean stocks as global AI bet looks for options to TSMC

Quick Summary:

A push from Samsung Electronics and SK Hynix into high-bandwidth memory, cheaper valuations and outsize gains from Taiwan Semiconductor Manufacturing are making Korean shares a more appealing bet.

Foreign funds have net sold US$7.2 billion worth of Taiwanese stocks so far this month amid a global chip sell-off, set for the most in two years.

Valuations also suggest a more alluring risk-reward for Korea at a time when investors are becoming more sceptical of stock prices for AI tech darlings.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongSouth KoreaTaiwan

Topics: Korea Samsung Earnings Asset Korean Shares Taiwanese Taiwan Hynix Stocks Tsmc

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 09:54:56 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21767521

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 54 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions