[경제읽기] 급등락에 코스피 변동성지수, 금융위기 이후 최고치 / 연합뉴스TV (YonhapnewsTV)

[Guest: Kim Dae-ho, Director of the Global Economic Research Institute] This is 'Reading the Economy,' a segment designed to help you understand current economic issues more easily. Today, we will discuss various economic issues with Kim Dae-ho, Director of the Global Economic Research Institute. [Question 1] Let's start with news from the stock market. The KOSPI, which plummeted nearly 10% yesterday and fell back to the 8,000 mark, is showing significant volatility again today. Given the extreme market volatility, there are concerns that the index might even fall below the 8,000 level. How do you view today's market conditions? [Question 1-1] Yesterday was literally a 'Black Tuesday.' The KOSPI recorded its largest single-day drop in its 46-year history. Analysts suggest that multiple negative factors converged at once, including bad news from the U.S., concerns over the National Pension Service's rebalancing next month, and warnings regarding single-stock leverage. Which factor do you think shook the market the most? [Question 1-2] Coincidentally, however, the KOSPI plummeted the very next day after SK Hynix's market capitalization surpassed that of Samsung Electronics. A securities firm analyzed a month ago that "SK Hynix overtaking Samsung Electronics in market capitalization is one of the signals indicating the end of the bull market." However, they have since changed their opinion, stating that it is "not the end of the bull market, but a signal of short-term overheating." What are your thoughts on this? [Question 1-3] SK Hynix and Samsung Electronics, the "top two" in the semiconductor industry, recorded their largest declines in 17 years since the 2008 financial crisis yesterday. In particular, it has been pointed out that single-stock leveraged ETFs amplified the losses. Did the financial authorities acknowledge market concerns and state that they are preparing safeguards for investors? [Question 1-4] Amidst this, the market is closely watching Micron's earnings report, which is scheduled to be released tomorrow from our perspective. This is because Micron's results will serve as an indicator of the semiconductor industry conditions, including SK Hynix and Samsung Electronics, as well as future supply and demand trends. However, Micron's stock price plunged by as much as 13% overnight. What is the reason? Can the 'semiconductor rally' continue? [Question 1-5] Samsung Electronics' 6th-generation high-bandwidth memory, 'HBM4,' has become the first in the industry to surpass $1 billion (1.54 trillion won) in revenue. This achievement was accomplished just four months after Samsung Electronics began mass production of HBM4 for the first time in the world. Can Samsung Electronics seize the lead in the next-generation memory market? [Question 2] It has been reported that Samsung Electronics and SK Hynix are considering plans to further expand their investment in semiconductor clusters in the Honam and Chungcheong regions. Investment scales in the hundreds of trillions of won are being discussed. While this is welcome news in terms of balanced regional development, concerns are also being raised that attracting talent and securing a component ecosystem will be difficult. How do you view the feasibility of this becoming a reality? ▣ Subscribe to Yonhap News TV's documentary channel 'Docu-Digging'    / @docu-digging   ▣ Subscribe to Yonhap News TV YouTube Channel    / @yonhapnewstv23   ▣ The Beginning of Korean News, Yonhap News TV / Yonhap News TV http://www.yonhapnewstv.co.kr/