According to Odaily Planet Daily, the three major A-share indices fell, with the Shenzhen Component Index down 2%, the ChiNext Index down 1.34%, and the Shanghai Composite Index down 0.51%.

According to Odaily Planet Daily, Kim Byung-yeon, Director of the Research Division of the Investment Strategy Department at NH Investment & Securities, stated at a press conference and analyst forum held at the Korea Exchange's Seoul office on July 20th that the current South Korean stock market has simultaneously reflected concerns about a semiconductor market peak, geopolitical instability, and supply-demand disruptions, resulting in an excessive decline. NH Investment & Securities sets the lower limit of the Korea Composite Stock Price Index (KOSPI) at 5800 to 6250 points, believing that the index is likely to rebound to around 7000 points after a sharp price correction, before stabilizing based on the growth rate of cloud revenue and capital expenditure plans of major US technology companies. Kim Byung-yeon stated that attention should be paid to the absolute level of semiconductor exports rather than their growth rate. The firm estimates that the semiconductor industry's net profit will increase from 217 trillion won last year to 759 trillion won this year and 1019 trillion won next year, representing a 34% growth rate next year.

According to Yonhap News Agency, South Korea's per capita GDP is expected to increase significantly this year, thanks to increased exports driven by the peak semiconductor season. Data released on the 19th by the Ministry of Finance and Economy, the Bank of Korea, and the National Data Service shows that South Korea's per capita GDP is expected to reach $39,164 this year, an increase of $2,750 year-on-year, representing a growth rate of 7.6%, the highest in nearly five years since 2021 (11.5%). (Jinshi)