GOLDMAN SACHS: THE PRICE OF AI'S SPENDING IS HARD TO KEEP UP WITH. KILL
According to news from July 27, Goldman Sachs, in his latest weekly Korean market, noted that, despite the recent consecutive purchases of KOSPI by foreign investors, and Alphabet’s upwards in capital expenditure expected to continue to reinforce the semiconductor demand narrative, Korea’s composite stock price index fell by about 2% last week. Building, software and telecommunication performance have fallen in confrontation and securities, automobiles and insurance have fallen before. At the line level, on July 24, KOSPI further magnified the drop, from 5.72 per cent to 6690.62 points, touching 6650.41 points in the disc and short-term suspension of the programmable deal. According to the Korean Federation, the situation in the Middle East was warmer than the risk of repression, with foreign investment and institutions selling about 5.2 trillion won in total and diasporas buying about 5.18 trillion won in total. According to Goldman Sachs, the return of foreign investment is mainly in the direction of technology, but the South Korean market is still under considerable medium-term capital outflow pressure, and the holding of semi-conductor plates is near historical lows. At the same time, KOSPI expects that the EPS will be reduced by 0.4 per cent for the next 12 months, with the most expected adjustment pressure on the car plate. The leverage is also slowing down. The report shows that the balance of South Korea ' s bulk financing has fallen from a peak of $25 billion to $22 billion, and the size of the leverage ETF has fallen from $53 billion to $26 billion. For the Korean stock market, AI capital expenditure remains the backbone of the main line, but the index short-line elasticity is likely to continue to expand with a reduced profit expectation, a light foreign position and risk bias。
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