About Us
Real-time Quotes & News
Market Analysis
Trading Platform
Terms
Promotion
FAQ
Contact
繁
简
EN
繁
简
EN
Promotion
FAQ
Contact
Open Account
Contact Us

Al Arabiya cited sources saying Pakistan is actively mediating to extend the 60-day ceasefire agreed under the US‑Iran memorandum of understanding. Mediators say they need more time to resolve remaining differences between Tehran and Washington; Paki

2026-08-12

Al Arabiya cited sources saying Pakistan is actively mediating to extend the 60-day ceasefire agreed under the US‑Iran memorandum of understanding. Mediators say they need more time to resolve remaining differences between Tehran and Washington; Pakistan is reportedly supportive.

Other News
2026-08-12

IEA monthly report: non-OPEC+ output rose 590,000 b/d in July, led mainly by Qatar.

IEA monthly report: non-OPEC+ output rose 590,000 b/d in July, led mainly by Qatar.
2026-08-12

South Korean stocks have recently seen significant valuation compression due to the deleveraging and high volatility in the semiconductor sector. A Bloomberg strategy article points out that the KOSPI's forward price-to-earnings ratio has fallen to a

South Korean stocks have recently seen significant valuation compression due to the deleveraging and high volatility in the semiconductor sector. A Bloomberg strategy article points out that the KOSPI's forward price-to-earnings ratio has fallen to around 5, only half of its long-term average. Looking at the earnings expectations implied by the valuation, the current price roughly reflects the market pricing in a 50% decline in future corporate earnings; in comparison, the largest decline in South Korean corporate earnings during the global financial crisis was approximately 45%. This extreme pricing is related to the highly concentrated structure of the South Korean stock market: Samsung Electronics and SK Hynix together account for nearly half of the index weight, and technology stocks account for about 53%, thus significantly amplifying changes in semiconductor earnings expectations and leveraged funds. Recently, the KOSPI has fallen by about 33% from its June high, with Samsung and SK Hynix contributing the vast majority of the market capitalization loss. However, "cheap valuation" does not mean that earnings risks have disappeared. Currently, South Korea's leading memory chip manufacturers are still benefiting from AI chip demand and generating substantial cash, while the industry continues to expand capital expenditures. Therefore, the current valuation truly reflects the market's extremely pessimistic expectations regarding the sustainability of high semiconductor earnings: If the future decline is merely a normal cyclical downturn, rather than an earnings collapse approaching the level of a financial crisis, the current pricing may be excessively discounted; conversely, if the AI and storage cycles reverse rapidly, the low valuation itself cannot provide protection.
Open Account
Demo Account
Contact Us
About Us Real-time Quotes & News Market Analysis
 Trading Platform Market Analysis Promotion Terms Promotion FAQ Contact
Copyright © 2026 Aspire Global Company Limited. All Rights Reserved.
Terms of Use and Privacy
Disclaimer

Disclaimer: ASPIRE is not responsible for the content of any analysis, advice, comment, suggestion, research report or market data in this website and links to third-party websites or resources. All the information mentioned above only represents the view of corresponding author. ASPIRE cannot and does not warrant the accuracy, validity, timeliness or completeness of any such information. You should conduct individual assessments and other proper research to make their investment decisions. The materials and information contained in this website are provided for reference only and do not constitute or form an offer, invitation, solicitation or investment advice or recommendation to acquire or dispose of any investment products or services. The price of any financial instruments described in this website may fall as well as rise. Past performance should not be taken as an indication of future performance. The risk disclosure statements do not purport to disclose or discuss all of the risks and other significant aspects of any financial instruments mentioned in this website. You should make your own appraisal of the risk and should consult to the extent necessary your own legal, tax, financial or other professional advisers in respect of any financial instruments mentioned in this website prior to entering into any transaction.

Risk Warning: Leveraged Precious Metals trading on margin carries significant risks and is not suitable for all investors. Please be sure to make investments within your own tolerance after fully understand the risks involved.

Registered & Business Address: Room 1905-1906, 19/F, Eastern Commercial Centre, 395-399 Hennessy Road, Hong Kong

Aspire Global Company Limited is not available to provide services for the residents of certain jurisdictions such as Afghanistan, the United States of America, the Islamic Republic of Iran, North Korean.