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  • Government to Announce Roadmap for Korean Won Internationalization Amid High Market Volatility
    Government to Announce Roadmap for Korean Won Internationalization Amid High Market Volatility The government, the Bank of Korea, and financial authorities have diagnosed that the domestic financial and foreign exchange markets are experiencing high levels of volatility and have decided to strengthen efforts to stabilize the markets. In light of the 24-hour opening of the foreign exchange market, they will significantly enhance the monitoring system during nighttime hours and will announce a 'roadmap for the internationalization of the won' within this month.On July 8, Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol held a joint market situation review meeting at the Government Complex in Seoul to discuss recent trends in the financial and foreign exchange markets and response strategies. The meeting was attended by Bank of Korea Governor Rhee Chang-yong, Financial Services Commission Vice Chairman Kwon Dae-young, and Financial Supervisory Service Senior Deputy Governor Lee Se-hoon.Participants noted that while exports and the current account are at record high levels, the domestic financial and foreign exchange markets are experiencing high volatility due to expectations of rising global policy interest rates and continued outflows of foreign capital.The government and related agencies are closely monitoring the potential for renewed geopolitical tensions while aiming to harmoniously implement macroeconomic policies that consider growth, inflation, financial market stability, and the livelihood economy. They also plan to continue efforts to stabilize individual market sectors.The stock market has seen increased volatility due to profit-taking by foreign and institutional investors following a recent surge, as well as sell-offs for rebalancing purposes and global AI economic outlooks. Authorities will closely examine risk factors that could lead to excessive volatility in the stock market.In the bond market, while the volatility of government bond rates has somewhat eased in July, changes in domestic and foreign monetary policy trends could pose risks. The government plans to adjust the issuance ratio of long-term government bonds based on market supply and demand conditions to ensure stability.Regarding the foreign exchange market, participants assessed that volatility has increased due to continued stock sales driven by rising values of foreign-held stocks, a strong U.S. dollar, and a weak yen.They anticipate that the convenience of won transactions will significantly improve following the 24-hour opening of the foreign exchange market on July 6. However, they agreed to enhance the 24-hour monitoring system as volatility may still occur during nighttime hours.The 'roadmap for the internationalization of the won,' aimed at increasing the convertibility of the won and its utilization in current and capital transactions, will be finalized and announced within this month. The government envisions enhancing the market's responsiveness to external shocks through improvements in the foreign exchange market structure and expanding the base for won transactions.During the meeting, participants also reviewed economic trends across major industries. They diagnosed that there is a differentiation in economic performance between the non-IT sector and the semiconductor-focused IT sector. In particular, fluctuations in the semiconductor sector have a significant impact on the overall stock market, leading to an increase in the semiconductor sector's share, which is contributing to heightened volatility in the financial markets.As a result, there was consensus on the need to enhance the competitiveness of key industries such as semiconductors and AI, while also actively discovering and nurturing next-generation growth engines in non-IT sectors such as bio, defense, and aerospace.* This article has been translated by AI. 2026-07-08 09:12:00
  • Power Outage Disrupts Subway Line 1 Operations in Seoul
    Power Outage Disrupts Subway Line 1 Operations in Seoul On the morning of July 8, a power outage affected train operations on a section of Seoul's Line 1 subway.According to Yonhap News and Korea Railroad Corporation (Korail), at approximately 7:29 a.m., an electrical supply failure occurred on the downward section between Changdong Station and Shinimun Station, causing delays and irregular train services across the entire line.As a result, Korail temporarily suspended train operations on the downward line between Dobongsan Station and Cheongnyangni Station while implementing emergency measures.A Korail official stated, "The cause of the electrical supply failure is currently under investigation, and we are doing our best to restore normal operations."* This article has been translated by AI. 2026-07-08 09:12:00
  • Concerns Grow Over Samsung and SK Hynixs Impact on National Pension Fund
    Concerns Grow Over Samsung and SK Hynix's Impact on National Pension Fund Park Jong-hoon, head of the Knowledge Economy Research Institute, expressed concern that the national pension's increased investment in domestic stocks, particularly in Samsung Electronics and SK Hynix, effectively places the public's retirement funds at risk, akin to investing in high-bandwidth memory (HBM).On July 7, the economic YouTube channel PLUS TV featured a video titled "Without Samsung and SK Hynix, Is There a Downturn? Breaking the Cycle of Poverty in the Second Half of the Year." The video included discussions with economic YouTuber Shuka, Lee Sun-yeop, CEO of AFW Partners, and Park Jong-hoon.Park began by outlining the primary role of the national pension fund, stating, "The most important purpose of the national pension is to generate significant returns, not to stabilize exchange rates or foreign exchange markets. Stabilizing the market is a secondary role." He criticized the recent decision to increase the domestic stock allocation as a departure from established investment principles.He noted, "The fund has traditionally operated based on scientific verification and principles, but this time those guidelines have been broken. With the domestic stock allocation nearing 30% and the KOSPI reaching 8,000, it feels like we are standing on a sandcastle rather than a solid foundation."Park highlighted the high volatility of the domestic stock market this year, pointing out that the KOSPI has experienced significant drops, triggering circuit breakers 11 times, with five of those occurring in 2026 alone. He warned that without a specific economic crisis, such volatility could lead foreign investors to view the KOSPI as an unstable market, ultimately damaging the long-term credibility of the Korean stock market.He identified the concentration of investments in Samsung Electronics and SK Hynix as a major issue. "If all stocks were rising together, it wouldn't be a problem, but we are currently seeing many stocks decline," he said, referencing Finland's Nokia as a cautionary example. "At one point, Nokia accounted for about 60% of the Helsinki stock market's market capitalization, and the Finnish economy became overly dependent on it. When Nokia collapsed, Finland experienced years of negative growth."While acknowledging the positive aspects of the HBM industry, Park emphasized the need for balanced growth across the market, given the unfavorable macroeconomic conditions such as interest rates and exchange rates. He clarified that he does not doubt the competitiveness of Samsung Electronics and SK Hynix, stating, "I personally believe that Samsung and SK Hynix will achieve excellent results in the next year or two, but strong performance does not guarantee that stock prices will continue to rise."He cited Cisco Systems as an example, noting that despite being a leading growth stock comparable to NVIDIA in 2000, Cisco's stock plummeted after the dot-com bubble burst, even as its revenue continued to grow annually. It took nearly 26 years for its stock price to recover to its previous peak.Regarding the direction of the national pension fund, Park referenced international examples, particularly Norway's sovereign wealth fund. He explained, "Norway has a high dependency on the oil industry, but its oil fund, which is crucial for citizens' retirement, does not invest domestically. This is to prevent the simultaneous collapse of the national economy and citizens' retirement funds if the oil industry falters."He expressed concern that South Korea has increased the domestic stock allocation of the national pension from 14.4% to nearly 30%, with Samsung and SK Hynix making up almost half of that. "In effect, we have invested the public's retirement funds in the HBM industry," he warned.Park concluded, "While developed countries are moving towards separating national economies from citizens' retirement funds, we are going in the opposite direction. Relying on companies to manage currency exchanges is not a fundamental solution; we need to establish long-term principles regarding our economic structure."Viewers of the video commented, "The national pension fund is breaking its principles too easily, influenced by politicians. This country can easily fall apart," and "The current state of the stock market is largely due to government policy." Others speculated that the decision to increase allocations was influenced by local elections, while some expressed concerns about the market becoming a gambling platform. 2026-07-08 09:12:00
  • Film Industry Calls for Protection of Unpaid Settlements Amid Megabox Centrals Restructuring
    Film Industry Calls for Protection of Unpaid Settlements Amid Megabox Central's Restructuring 한국예술영화관협회와 한국영화프로듀서조합, 한국영화제작가협회 등 영화 관련 15개 단체로 구성된 영화인 연대가 메가박스중앙 회생절차와 관련해 제작·수입·배급사와 위탁상영 사업자의 미지급 정산금 보호 방안을 마련해야 한다고 촉구했다. 영화인 연대는 8일 "메가박스중앙의 미지급 정산금 문제는 개별 배급사와 메가박스중앙 사이의 단순 채권 문제가 아니라 영화산업의 제작·배급·상영 순환 구조와 직결된 문제"라고 밝혔다. 입장문에 따르면 메가박스중앙은 각 배급사에 보낸 공문을 통해 2026년 6월 14일까지 발생한 미지급 채권은 회생채권에 해당하며 향후 회생계획에 따라 변제될 예정이라고 안내했다. 6월 정산분의 경우 6월 1일부터 14일까지 발생한 정산금은 회생채권으로 6월 15일부터 30일까지 발생한 정산금은 공익채권으로 분류해 세금계산서를 발행해 달라고 요청한 것으로 알려졌다. 이에 대해 영화인 연대는 "2026년 6월 14일까지 발생한 미지급 정산금이 당장 지급되지 않고 회생절차 안으로 들어갔다는 뜻"이라며 "관객이 이미 지급한 입장권 매출 중 제작·수입·배급사에게 돌아가야 할 정산금이 멈춘 문제"라고 지적했다. 극장 정산금은 배급사에만 귀속되는 돈이 아니라 제작사, 수입사, 투자자, 홍보마케팅사, 후반업체, 기술업체, 광고·이벤트 업체, 스태프 비용 등으로 이어지는 영화산업의 순환 자금이라는 설명이다. 영화인 연대는 "정산금이 장기간 묶이면 중소 제작·수입·배급사와 독립·예술영화 배급사는 사업 지속에 직접적인 타격을 받을 수 있다"고 우려했다. 피해가 위탁상영관 운영 사업자에게도 이어질 수 있다는 점도 강조했다. 메가박스 브랜드로 위탁상영관을 운영하는 사업자들은 본사 예매망과 통신사 제휴, 멤버십 시스템 등에 의존해 영업해온 만큼 일반 거래처처럼 거래를 중단하기 어렵다는 것이다. 영화인 연대는 "위탁상영 사업자에게 본사 경유 매출 정산금은 임차료, 인건비, 시설 운영비, 지역 상영망 유지를 위한 필수 자금"이라며 "제작·수입·배급사뿐 아니라 위탁상영 사업자에 대한 보호 방안도 함께 검토돼야 한다"고 밝혔다. 다만 모든 미지급 정산금의 즉시 완전변제를 요구하는 것은 아니라고 선을 그었다. 영화인 연대는 "중소 제작·수입·배급사, 독립·예술영화 배급사, 위탁상영 사업자, 소액 채권자, 인건비성·용역성 채권자 등 피해가 큰 영세·중소 영화사업자에 대해서는 회생절차 안에서 별도 보호 방안이 검토돼야 한다"고 주장했다. 또 채무자회생법상 중소기업자인 거래상대방이 소액채권을 변제받지 못해 사업 계속에 지장을 받을 우려가 있거나, 회생채권 변제가 채무자의 회생을 위해 필요한 경우 법원의 허가를 받아 회생계획 인가 전 변제가 가능하다고 설명했다. 이에 따라 메가박스중앙의 미지급 정산채권을 일반 금융채권과 동일하게만 취급해서는 안 된다는 입장이다. 영화인 연대는 "정산채권이 영화산업의 제작·배급·상영 순환 구조를 구성하는 상거래 정산채권이라는 점을 고려해 중소·영세 영화사업자와 소액 채권자에 대한 조기변제, 회생계획상 차별화된 취급, 단계적 변제 방안을 검토해야 한다"고 요구했다. 메가박스중앙이 공익채권으로 분류한 2026년 6월 15일부터 30일까지의 정산금과 7월 이후 발생하는 정산금에 대해서는 기존 회생채권과 구분해 관리하고 정산주기에 따라 정상 지급해야 한다고 밝혔다. 문화체육관광부와 영화진흥위원회의 역할도 촉구했다. 영화인 연대는 "문체부와 영진위는 이 문제를 단순한 민간기업 회생절차로만 봐서는 안 된다"며 "피해 업체가 회생절차상 채권신고와 권리행사에서 불이익을 받지 않도록 법률·회계 상담을 지원하고, 긴급 유동성 확보 방안과 관련 지원 연계를 검토해야 한다"고 했다. 이어 "향후 대형 극장의 정산금 미지급 사태가 반복되지 않도록 정산금 보호 제도 개선 방안도 마련해야 한다"고 덧붙였다. 이번 입장에는 한국예술영화관협회, 한국영화프로듀서조합, 한국영화제작가협회, 한국영화감독조합, 한국영상미디어교육협회, 한국시네마테크협의회, 한국시나리오작가조합, 한국독립영화협회, 지역영화네트워크, 전국영화산업노동조합, 전국독립영화전용관네트워크, 영화수입배급사협회, 영화마케팅사협회, 여성영화인모임, 부산영화인연대가 이름을 올렸다. 영화인 연대는 메가박스중앙 관리인에게 2026년 6월 14일까지 발생한 미지급 정산채권의 규모와 범위를 신속히 확인하고, 피해 당사자가 채권 내역과 분류, 회생절차상 권리행사 방법을 확인할 수 있도록 해야 한다고 요구했다. 또 서울회생법원과 메가박스중앙에는 회생계획 수립 과정에서 미지급 정산채권을 일반 금융채권과 차별화해 취급하고 단계적 변제 방안을 검토해 달라고 요청했다. 영화인 연대는 "메가박스중앙 회생절차는 한 기업의 문제가 아니라 한국 영화산업의 순환 구조가 얼마나 취약한지를 드러낸 사건"이라며 "지금 필요한 것은 책임 있는 회생절차와 산업 공동체의 피해를 최소화하는 공적 대응"이라고 밝혔다.* This article has been translated by AI. 2026-07-08 09:08:00
  • Daehan Electric Wins $40 Million Contract for AI Data Center Power Network in Australia
    Daehan Electric Wins $40 Million Contract for AI Data Center Power Network in Australia Daehan Electric has secured a contract to build the power infrastructure for an artificial intelligence (AI) data center in Australia, accelerating its expansion into the global market.On July 8, Daehan Electric announced that it has won a turnkey project for the AI data center power network, commissioned by Transgrid, Australia's largest transmission power company. The contract is valued at approximately 45 billion won (about $40 million).This project aims to ensure a stable power supply for the AI data center currently under construction in Australia. Daehan Electric will handle the entire process on a turnkey basis, from the design of a 330kV high-voltage cable system to material supply, construction, testing, and commissioning.Given that the AI data center operates 24/7, a reliable power supply is essential. This requires not only high-quality high-voltage cables but also expertise in system design, engineering, construction, and site management. Daehan Electric secured the project after competing with global firms, leveraging its high-voltage cable technology and experience in international projects.Daehan Electric has established its competitiveness in the local market by executing various projects, including 500kV high-voltage cable projects and the 'Powering Sydney's Future' initiative to expand Sydney's power network, as well as projects involving 330kV, 275kV, and 220kV systems in Australia and New Zealand.A representative from Daehan Electric stated, "As stable power supply is crucial for AI data centers, a high level of technical expertise and project execution capability is required. We will use this contract as a stepping stone to further expand our reach into the global AI data center and high-value power infrastructure markets."* This article has been translated by AI. 2026-07-08 09:08:00
  • Gaon Cable Expands High-Voltage Cable Lineup to Meet 28GW Power Demand
    Gaon Cable Expands High-Voltage Cable Lineup to Meet 28GW Power Demand Gaon Cable announced on July 8 that it is intensifying its efforts to penetrate the transmission market by enhancing its high-voltage cable product lineup and investing in facilities.The company plans to expand its offerings from the existing 154kV 1000 square millimeter (sqmm) high-voltage cables to include the Korea Electric Power Corporation (KEPCO) standard 2500 sqmm superconductors, which will be supplied starting next year.This investment is a proactive measure to address the surging demand for high-voltage transmission networks driven by the expansion of artificial intelligence (AI) data centers and semiconductor production facilities, as well as offshore wind energy.Notably, KEPCO has recently reformed its purchasing system by separating the procurement of high-voltage cables and accessories, opening the door for Gaon Cable to participate in related bids. The company is expected to leverage its experience supplying 66kV and 154kV cables for projects such as the Jeonnam Offshore Wind Phase 1 connection network and large data center power networks in Gyeonggi Province to compete in these tenders.Currently, the government's initiative to establish AI data centers and semiconductor clusters is projected to generate an additional power demand of approximately 28GW, which is expected to drive a corresponding increase in demand for high-voltage cables.Jung Hyun, CEO of Gaon Cable, stated, "We will strengthen our competitiveness in the high-voltage transmission market based on the technology we have accumulated in the distribution cable sector," adding, "We will also seek opportunities to enter the North American high-voltage cable market through our U.S. subsidiary, LSCUS."* This article has been translated by AI. 2026-07-08 09:04:00
  • Samsungs AI Strategy Focuses on Personalization Ahead of Galaxy Unpacked 2026
    Samsung's AI Strategy Focuses on Personalization Ahead of Galaxy Unpacked 2026 Samsung Electronics has unveiled its artificial intelligence (AI) strategy ahead of the upcoming 'Galaxy Unpacked 2026' event. The company aims to implement 'personalized AI' that understands users' daily lives and contexts, connecting the Galaxy ecosystem of smartphones, watches, TVs, and smart home devices to provide next-generation AI experiences.Noh Tae-moon, President of Samsung Electronics' Device Experience (DX) division, stated in a contribution to the Samsung Newsroom on July 8, "The most important AI is not the smartest AI, but the one that knows me best." He emphasized that the next chapter of AI depends not on model performance but on where, how, and by whom it is accessed.Noh noted that AI is entering an era of 'agentic AI,' where it acts on behalf of users rather than just answering questions. He stressed, "The more AI acts on its own, the more it must understand people deeply," adding that the key differentiator is not superior intelligence but a deeper understanding of individuals. He further stated, "The best AI experience comes from devices that know the user best."To support this vision, Noh highlighted Samsung's established device ecosystem. Smartphones accompany users throughout the day, tablets support learning and productivity, and watches collect health data such as sleep and heart rate. TVs and smart home devices understand the context of living spaces, while new form factors like foldables and smart glasses expand the points of interaction for AI. Noh's vision is that as more devices connect, the understanding of users deepens, allowing for more personalized AI services.Samsung also reaffirmed its commitment to an open ecosystem strategy in the AI era. Noh remarked, "The platforms that changed the world were not the most closed but the most open," explaining that SmartThings connects various devices, services, and partners into a unified experience while contributing to the spread of open standards. This approach aims to foster more innovation and deliver it to users quickly.As personalized AI becomes more widespread, Noh emphasized that trust and security will be key competitive advantages. He stated that users should be able to verify and control how their information is used, with ultimate decision-making power resting with them. To this end, Samsung plans to protect connections between devices through Samsung Knox and implement AI services internally using the Personal Data Engine without transmitting personal data externally.Noh predicted that the role of hardware in realizing these capabilities will become increasingly important in the AI era. He particularly noted that foldable devices, which offer portability when closed and a spacious workspace when opened, are optimal for delivering personalized AI experiences. Additionally, he cited health management features using watches as a prime example of how AI can support users' daily lives.This contribution is seen as a preview of the next-generation Galaxy AI strategy to be unveiled at the Galaxy Unpacked event. Noh stated, "At the upcoming Unpacked, we will showcase a foundation for a more personal and natural AI experience, enabling more partners to innovate together," adding, "What matters now is not who has the smartest AI, but who understands people best and can deliver a trustworthy experience." 2026-07-08 09:00:00
  • LX Pantos Calculates Greenhouse Gas Emissions at Key Overseas Sites
    LX Pantos Calculates Greenhouse Gas Emissions at Key Overseas Sites LX Pantos has released its '2026 Sustainability Report,' which details its domestic and international ESG (Environmental, Social, and Governance) management achievements. The report notably expands the scope of ESG to include its overseas operations, reflecting the company's significant international business presence.According to LX Pantos, the report outlines nine key issues and corresponding strategies and outcomes derived from a double materiality assessment, including climate change adaptation and mitigation, eco-friendly logistics services, consumer value management, and new growth drivers.In the environmental section, the company calculated the direct greenhouse gas emissions (Scope 1) and indirect emissions (Scope 2) from its major domestic and international sites, ensuring data reliability through third-party verification. Scope 1 refers to greenhouse gases emitted directly from corporate activities, such as product manufacturing, while Scope 2 pertains to indirect emissions resulting from energy consumption, such as electricity or heat supplied from external sources.In the social section, data on human rights, labor, industrial safety, and working conditions from nine European subsidiaries were disclosed. The governance section highlighted achievements such as zero cases of corruption and fair trade violations, along with a 100% completion rate for ethical management training.This report was prepared in accordance with international reporting standards, including the 'GRI Standards 2021,' and underwent verification by an independent third-party organization to ensure the accuracy of the information.Last year, LX Pantos received external recognition for its ESG performance, achieving a bronze rating from EcoVadis and a B rating from the Carbon Disclosure Project (CDP).Lee Yong-ho, CEO of LX Pantos, stated, "We are enhancing our sustainable management by expanding our ESG management scope beyond domestic operations to include overseas sites, and we will continue transparent communication with industry stakeholders."* This article has been translated by AI. 2026-07-08 08:56:00
  • Cookie Runs New Game Crumble Surpasses 1 Million Pre-Registrations
    Cookie Run's New Game 'Crumble' Surpasses 1 Million Pre-Registrations Dev Sisters is generating early excitement for its new game based on the Cookie Run intellectual property (IP).Studio Kingdom, the development studio of Dev Sisters, announced that pre-registrations for its upcoming mobile game 'Cookie Run: Crumble' have surpassed 1 million. This milestone was reached just three days after pre-registration began on June 29, achieving the record on July 2.Cookie Run: Crumble is an idle role-playing game (RPG) based on the Cookie Run IP, which boasts a global user base of 300 million. The game aims to differentiate itself from traditional idle RPGs by incorporating an easy-to-use idle system, rapid growth, generous rewards, and engaging combat sequences.The game features an oven-themed automatic equipment gacha system to reduce the repetitive farming burden. It also introduces a unique world view centered around 'crumbs' and includes Cookie characters that appear in new forms across different timelines, targeting both existing Cookie Run fans and idle RPG players.Ahead of its global launch, the company is expanding its engagement with users by releasing videos on its official YouTube channel that introduce the game's core content and world view.Comments from users on the videos reflect growing anticipation both domestically and internationally. Users have expressed excitement, stating, "I can't wait for Cookie Run to come out as an idle RPG," "The lighthearted atmosphere feels refreshing," "The comedic elements seem fun," and "I love the unique personalities of the new cookies," showcasing their enthusiasm for the genre expansion and new character designs. 2026-07-08 08:56:00
  • Market Preview: U.S. Semiconductor Stocks Decline, KOSPI Sees Volatility Amid Bargain Buying
    Market Preview: U.S. Semiconductor Stocks Decline, KOSPI Sees Volatility Amid Bargain Buying The KOSPI fell sharply following Samsung Electronics' earnings announcement, while U.S. markets closed lower due to weakness in semiconductor stocks and a surge in international oil prices. However, analysts suggest that despite expected volatility in early trading, the recent drop has significantly reduced valuation pressures, potentially leading to a rebound as bargain hunters enter the market.On July 7, the Dow Jones Industrial Average closed down 130.76 points (0.25%) at 52,925.15. The S&P 500 index fell 33.58 points (0.45%) to finish at 7,503.85, while the tech-heavy Nasdaq composite dropped 302.47 points (1.16%) to close at 25,818.69.After a brief recovery, semiconductor stocks plummeted again. Micron Technology fell 4.71%, SanDisk dropped 7.22%, Marvell Technology declined 7.45%, and AMD decreased by 6.51%, dampening investor sentiment.International oil prices also rose. Geopolitical tensions surrounding the Strait of Hormuz resurfaced, leading to an increase in West Texas Intermediate (WTI) crude oil for August delivery, which closed up 2.76% at $70.44 per barrel. Brent crude rose 3.01% to $74.16 per barrel.The domestic market is expected to start weakly. As of 8:39 a.m., Samsung Electronics was down 3.39%, and SK Hynix fell 4.50% in pre-market trading. Other major stocks, including SK Square (-7.67%), Samsung Electro-Mechanics (-7.71%), Hyundai Motor (-4.07%), LG Energy Solution (-1.66%), Samsung Life Insurance (-4.27%), Samsung C&T (-4.24%), and Samsung Biologics (-1.05%), also showed declines.Analysts anticipate increased volatility in early trading due to external factors such as the weak U.S. market, rising oil prices, and risks in the Middle East. However, they also believe that the recent sharp declines may highlight price advantages.Han Ji-young, a researcher at Kiwoom Securities, stated, "While volatility may increase in early trading due to the weak U.S. market and uncertainties in the Strait of Hormuz, we expect bargain buying to emerge following the recent series of declines. Given that the KOSPI's valuation has dropped to levels comparable to the financial crisis, it is advisable to prioritize gradual buying rather than reducing stock exposure."* This article has been translated by AI. 2026-07-08 08:52:00