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Finance

KOSPI faces 7,000 test with Nvidia earnings, U.S. Treasury yields in focus

South Korean stocks are expected to take cues this week from Nvidia earnings and the U.S. July personal consumption expenditures price index. Semiconductor profit expectations and large shareholder-return plans are seen supporting the downside, but U.S. long-term yields and Middle East uncertainty remain variables. Investors will also watch the Jackson Hole symposium and U.S. rate-path signals. The KOSPI may retest 7,000 if AI demand holds and inflation does not surprise higher.

AI & Enterprise

UBS reaffirms bullish view on Micron on HBM4 and AI demand

UBS has reaffirmed its buy rating on Micron Technology and kept its $1,625 price target, about 67 percent above the stock’s early trading price on Aug. 18. UBS argues that rising AI data centre demand, especially for HBM and high-performance server memory, could soften the memory industry’s boom-bust supply cycle. It also points to expanded long-term supply contracts and strong recent results and guidance, while warning the cycle could return if investment overshoots demand.

Finance

KOSPI drops 5 percent a day after record rebound, raising questions over August outlook

South Korea\'s KOSPI fell more than 5 percent on the first trading day of August, a day after posting a record rebound, as foreign and retail trading flows flipped. Analysts said it was too early to view the bounce as a trend reversal. The won-dollar exchange rate, semiconductor earnings confidence, U.S. rate direction and global risk appetite were cited as key variables. Brokers largely expect gradual recovery rather than a V-shaped rebound.