The chip stock rebounded and the Korean market continued to climb

ON 16 AUGUST, DESPITE THE FACT THAT THE STOCK MARKET HAD REBOUNDED SIGNIFICANTLY FROM THE PANIC CAUSED BY THE COLLAPSE OF CHIPS AND ARTIFICIAL INTELLIGENCE-RELATED STOCKS, THE DATA SHOWED THAT THE SIZE OF STOCKS WAS STILL RISING. ACCORDING TO DATA RELEASED BY THE KOREAN EXCHANGE ON SUNDAY, AS OF TUESDAY, THE BALANCE OF THE KOREAN STOCK MARKET WAS APPROXIMATELY 19 TRILLION WON (APPROXIMATELY $13.4 BILLION), AN INCREASE OF 227 TRILLION WON, OR 14 PER CENT, OVER THE 16,73 TRILLION WON AT THE END OF LAST MONTH. AT THE END OF FEBRUARY THIS YEAR, THE EMPTY BALANCE WAS 15 TRILLION WON, DOWN TO 12 TRILLION WON IN EARLY MARCH AND UP TO 23 TRILLION WON IN EARLY JUNE. KOREA ' S BENCHMARK COMPOSITE EQUITY INDEX HAS RISEN BY 6 PER CENT THIS MONTH TO DATE, AND ITS ENTREPRENEURSHIP INDEX, DOMINATED BY THE SCIENCE AND TECHNOLOGY UNIT, HAS SOARED BY 20 PER CENT. LAST MONTH, THE SOUTH KOREAN STOCK MARKET EXPERIENCED A COLLAPSE DUE TO MARKET CONCERNS ABOUT THE PROFITABILITY OF AI-RELATED INVESTMENTS, WHICH COULD WEAKEN CHIP DEMAND. HOWEVER, INVESTORS REMAIN CONCERNED ABOUT THE RAPID INCREASE IN THE SHORT TERM, WHILE UNCERTAINTY REMAINS AS TO WHETHER THE CHIP INDUSTRY HAS PEAKED. KIM XIAN