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03:11
Analysis: Excessive Weight of Chip Stocks Pushes South Korean Stock Market into the Danger Zone
BlockBeats news, on June 30, the global artificial intelligence boom has driven the share prices of Samsung Electronics and SK Hynix to historic highs this year, but this rally has also exposed the structural vulnerabilities of the Korean stock market, which is unaccustomed to sharp volatility. SK Hynix and Samsung now account for a record 60% combined weight in Korea's KOSPI Index, compared to about 40% two years ago. Baosheng Head of Equity Research Mathieu Lachet stated that the recent market trends are an important reminder of the risks of concentration. When investors' positions become crowded, periods of high volatility should be expected.
03:11
Prediction market index construction project Adjacent completes $2.5 million Pre-Seed funding round
Foresight News reports that the prediction market index construction project Adjacent has completed a $2.5 million pre-seed funding round, with participation from Night Capital, VanEck, UFO Holdings, Maven 11, and DCG. The specific amount of financing has not yet been disclosed.
03:10
Maybank: Japan has sufficient yen intervention "ammunition"
```htmlGolden Ten Data reported on June 30 that analysts at Maybank pointed out that the USD/JPY exchange rate breaking through the 162 level has triggered intervention risks, as this threshold is considered a critical point where officials may take action. They wrote in their report that it remains unclear whether intervention is imminent or underway, but officials have continuously issued cautionary statements. Maybank is closely monitoring the potential sharp volatility in exchange rates that may accompany intervention, and noted that Japan’s reserves in deposits and securities—its “ammunition”—are plentiful, far exceeding the previous round of intervention which cost about 7.4 billion USD. “Currently, we are watching whether this currency pair can hold the 162.00 level in the short term. If it breaks through, the next resistance is at 164.00.” Maybank has set the support levels at 158.00 and 155.00.```
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