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Finance

Korea stocks outlook: KOSPI loses momentum as FOMC, chipmakers and Big Tech earnings in focus

South Korean stocks are expected to seek direction this week as investors watch the U.S. Federal Open Market Committee and earnings from domestic semiconductor firms and U.S. Big Tech. The KOSPI and Kosdaq posted sharp losses as risk aversion rose amid Middle East tensions, higher oil prices and rising U.S. Treasury yields. Analysts said profit forecasts have not deteriorated materially, and chip and AI-related guidance, foreign flows and Fed policy signals will be key drivers.

Finance

KB Financial keeps top spot in first half on non-bank gains despite bank lag

KB Financial Group posted 3.88 trillion won in first-half net profit, beating Shinhan Financial Group by 441.9 billion won, helped by a surge in non-bank earnings, especially at KB Securities. Shinhan Bank, however, out-earned KB Kookmin Bank by 233.1 billion won. KB also led in ROE and CET1 ratio. The groups set out different shareholder return plans, while KB signalled further capital allocation to its securities arm.

AI & Enterprise

Super Micro shares jump 15 percent on $60 billion in new AI server orders, margin upgrade

Super Micro Computer shares surged 15 percent after the company released a preliminary update projecting sharply higher gross margin for fiscal 2026 fourth quarter and reporting record new orders. It forecast gross margin and adjusted gross margin of 15 to 17 percent, above its prior outlook. The company kept its revenue view but said it secured more than $60 billion in new orders in the quarter, with the backlog at a record as of June 30.