Doubts about recovering the massive capital poured into AI infrastructure investments, combined with a sharp surge in international oil prices, weighed heavily on the market. As a result, investor sentiment rapidly cooled, triggering a broad market sell-off led by tech and semiconductor stocks.
Concerns over the profitability and financial health of AI infrastructure investments spread as debt expanded and corporate bond yields spiked at AI cloud firm CoreWeave.
International oil prices, including Brent and WTI, surged due to geopolitical risks and Middle East supply anxieties, raising concerns over a resurgence of inflation.
Market anxiety intensified alongside a sharp drop in tech stocks, as the Philadelphia Semiconductor Index fell for eight consecutive sessions and the Volatility Index (VIX) spiked.
Apple's stock rose on expectations of strong initial demand, as its first foldable smartphone, the iPhone Duo, sold out on the first day of pre-orders.
Morgan Stanley drove gains in Moog (MOG) by upgrading its rating to Overweight and raising its target price.
KT&G is projected to record its highest quarterly operating profit in the third quarter, driven by expanding e-cigarette market share and growth in overseas exports. Combined with a robust 3.7 trillion won shareholder return policy, expectations for corporate revaluation and investor sentiment are improving significantly.
KT&G Q3 operating profit estimated at 500.7 billion won, expected to exceed 500 billion won for the first time in a quarter
KT&G pursuing 3.7 trillion won in total shareholder returns from 2024 to 2027, with a new policy set to be announced in Q4
Domestic heated tobacco penetration rate reaches 24% as KT&G achieves a 49% market share
