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$SMIC SURGES 8% AS KOREA UNVEILS $80B SEMICONDUCTOR EXPANSION PLAN ๐ฅ
Korean semiconductor stocks reversed early losses after President Lee Jae-myung announced plans for four new chip plants in the southwest region with a total investment of 80 trillion won. The KOSDAQ triggered a circuit breaker on the open but rebounded sharply on the news.
Leading A-share plays followed: $SMIC rose 8.58%, Huahai Qingke surged 19%, and ASML Technology gained 9.46%. The Korean government also pledged 30 trillion won over 15 years in next-gen memory and AI chips โ a clear signal that supply-side investment is accelerating globally.
Are you positioning into this sector momentum or waiting for confirmation from the daily close?
Not financial advice. Always manage your risk.
#SMIC #Semiconductor #Breakout #AStocks #Tech
๐ฅ
Korean semiconductor stocks reversed early losses after President Lee Jae-myung announced plans for four new chip plants in the southwest region with a total investment of 80 trillion won. The KOSDAQ triggered a circuit breaker on the open but rebounded sharply on the news.
Leading A-share plays followed: $SMIC rose 8.58%, Huahai Qingke surged 19%, and ASML Technology gained 9.46%. The Korean government also pledged 30 trillion won over 15 years in next-gen memory and AI chips โ a clear signal that supply-side investment is accelerating globally.
Are you positioning into this sector momentum or waiting for confirmation from the daily close?
Not financial advice. Always manage your risk.
#SMIC #Semiconductor #Breakout #AStocks #Tech
๐ฅ
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