◆아주경제 주요뉴스
▷AI 外風에 가장 취약했다…韓증시 시총, 주요국 중 낙폭 1위
- According to Bloomberg data, South Korea's stock market capitalization fell from $5.42 trillion on June 1 to approximately $3.60 trillion as of November 5, a decrease of about $1.44 trillion or 28.6%. This drop has caused South Korea to fall from sixth to ninth place in global stock market rankings.
- The decline in South Korea's market capitalization is the largest among the top seven global markets. The significant drop is attributed to the country's heavy reliance on major semiconductor companies. In June, Samsung Electronics and SK Hynix both surpassed a market capitalization of $1 trillion, buoyed by a boom in AI memory semiconductors.
- The situation has shifted due to changing investor sentiment surrounding the AI industry. Concerns over the profitability of investments following large-scale fundraising by major U.S. tech companies, along with potential regulatory tightening on data centers after the U.S. midterm elections, have emerged.
- As the stock market plummets and investor sentiment worsens, South Korea's standing in the global asset market continues to decline. India, which lagged behind South Korea in June, has now surpassed it this month, along with the United Kingdom and Canada. As of November 5, the U.K.'s market capitalization stands at $4.04 trillion, exceeding South Korea's $3.60 trillion by $438 billion.
◆주요 리포트
▷美 중간선거가 보여준 데이터센터 지역사회 수용성 [대신증권]
- The federal-level risk is not 'construction stoppage' but rather 'cost burden regulations,' which are likely to be implemented through state regulatory agencies rather than legislation.
- Community demands from this election can be summarized into five main points: 1) Full utility cost burden (OH, IA) and prohibition of cost pass-through (NV), 2) Self-power procurement (NV) raises reliability issues, 3) Prohibition of evaporative cooling (NV) and water resource regulations (TX) address water issues, 4) Setback distances (IA) relate to noise issues, and 5) Prohibition of NDAs (TX, IA) and mandatory public hearings (IA) reflect transparency demands. In other words, voters are not asking for data centers to be built but rather for data centers to bear the externalized costs.
- Until now, the environmental (E) and social (S) aspects of data centers have been considered non-financial metrics, but this election has shown that these non-financial metrics can lead to permitting and cost issues, ultimately impacting capital expenditure schedules and supply chain revenues.
- Investors should focus not on 'how aggressive the Democrats are' but on how quickly data center operators can internalize community acceptance demands (costs related to fees, water, noise, transparency), as this speed is expected to influence South Korea's AI value chain. Ultimately, the reason this stock market adjustment is an ESG issue is that it suggests community acceptance has become a financial variable.
◆펀드 동향(5일 기준, ETF 제외)
국내주식형 3693억원
해외주식형 -7284억원
◆오늘(9일) 주요일정
중국: 소비자물가지수(10월), 생산자물가지수(10월)
독일: 수출입통계(9월)
미국: 고용동향지수(10월)
* This article has been translated by AI.
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