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08.11.26 - 09:42
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Samsung set to become South Korea′s first company with 200 trillion won in cash (Times of India)
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Samsung Electronics is on the cusp of exceeding 200 trillion won in cash assets, driven by the soaring AI semiconductor market. Over the past year, the company has dramatically bolstered its cash reserves, nearly doubling their value. With a commitment to semiconductor infrastructure and a strong shareholder return scheme, Samsung is solidifying its financial position....
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06.11.26 - 18:30
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Asia′s Bailout Brigade: Taiwan Curbs Shorts, Readies $15BN Fund As Seoul Waives Margin Calls To Stop The AI Rout (ZeroHedge)
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Asia's Bailout Brigade: Taiwan Curbs Shorts, Readies $15BN Fund As Seoul Waives Margin Calls To Stop The AI Rout
It took just a few hours long for the AI unwind to go from a Wall Street problem to an Asian government problem.After the post-midterm "sell everything" day in which the Nasdaq suffered its worst day since Covid and the SOX plunged 12%, Asia opened on Friday into a liquidation: Taiwan's Taiex plunged as much as 9% and entered a bear market, Korea's Kospi crashed as much as 8.8%, tripping a 20-minute market-wide halt and briefly breaking below 5,000, and the Nikkei joined the bear market club with a 6% drop. By the time Europe woke up, both Taipei and Seoul had pulled the emergency brake.In Taiwan, according to Bloomberg, the Financial Supervisory Commission will impose curbs on short selling from Nov. 9, while the Finance Ministry said it is prepared to deploy its NT$500 billion ($15 billion) stock stabilization fund. In Korea, Deputy Prime Minister and Finance Minister...
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