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via seekingalpha.comMarkets

Chip boom to continue through 2027, South Korea minister tells CNBC

FROM THE WIRE · SEEKINGALPHA.COM

[South Korea semiconductor chip trade tariff. 3d rendering] South Korea's finance minister Lee Hyoung-Il said the semiconductor market boom will continue through 2027, despite last week's selloff amid concerns over interest rate hikes and growing competition from China. "For…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishGrowth expectations for chips support the Korean market and semiconductor stocks, where Samsung and SK Hynix weigh heavily.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Finance minister Lee Hyoung-Il says the semiconductor boom will continue through 2027.
  2. 02The gap between demand and supply for chips is still very wide and supply is still expanding.
  3. 03Samsung and SK Hynix together account for about half of the Kospi index weight.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
iShares MSCI South Korea ETFEWYETF150.44 USDMarket closedtoday -3.70%Positive VanEck Semiconductor ETFSMHETF539.79 USDMarket closedtoday -3.41%Positive iShares Semiconductor ETFSOXXETF493.39 USDMarket closedtoday -4.14%Positive KOSPIINDEX:KS11Index5,768.01Market closedtoday +1.76%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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