Asia news tape
Wednesday age cut: Tue 20 + Wed 21 only · n=7 (a 2 / b 4 / c 1) · refreshed 2026-10-21 07:51 HKT / 2026-10-21 08:51 KST. Rank a = China AI / HK; b = SK hynix/Samsung/KOSPI; c = other macro.
Session context: Wed 21 Oct pre-open (~07:51 HKT / 08:51 KST): KRX cash opens 09:00 KST. Tue 20 cash: KOSPI 5,552.74 (−3.73%), Samsung ₩211,500 (−2.98%), 000660 ₩1,223,000 (−4.23%); won 1,328.1 at 15:30. SKHY Tue RTH $139.79 (−2.16%). HK Tue: HSI 23,867.74 (−1.32%); MiniMax 171.50 (−5.82%); Zhipu 484.80 (−6.41%).
rank aEast Money · 21st Century Biz · Investing.com close · 2026-10-20 11:35 HKT open colour · close 16:08 HKT
MiniMax M3.1 Flash (3× faster / −70% cost) overnight — then MiniMax 0100.HK −5.82% / Zhipu 2513.HK −6.41% on Tue HK cash
East Money / 21st Century (20 Oct 11:35 HKT): MiniMax released M3.1 Flash Mon eve (SpaceBunny early version) — claims 3× inference speed and ~70% lower cost; intraday AI concept briefly bid (MiniMax +2.91% at draft). Official closes (Investing.com / Yahoo / Closelook): MiniMax-W 0100.HK HK$171.50 (−5.82%, low 168.30 post-list low); Zhipu/Z.AI 2513.HK HK$484.80 (−6.41%, low 477.80). NetEase colour: both LLM names −7%+ intraday at one stamp.
Implication: China AI efficiency narrative (cheaper tokens) bid the open then sold into the close — soft for HK AI cash proxies and echoes Korea AI-credit wash. a-rank into Wed: efficiency overhang not cleared by the product drop.
finance.eastmoney.com/a/202610203901141798.html
rank aXinhua · China Daily HK · 2026-10-20 17:32 HKT / ~17:32 HKT Tue
HSI −1.32% to 23,867.74; HSTECH −1.52% to 4,045.91 on Tue reopen after Chung Yeung
Xinhua/China Daily HK Tue: Hang Seng Index −319.09 (−1.32%) to 23,867.74; HSCEI −1.21% to 8,030.26; Hang Seng Tech −62.33 (−1.52%) to 4,045.91. Main-board turnover HK$190.455bn. First full cash session after Mon Chung Yeung holiday close.
Implication: HK reopen confirmed risk-off with China AI names leading the downside — aligns MiniMax/Zhipu a-rank and Korea chip wash. Not a Korea same-session print; colour for Wed Asia open.
www.chinadailyhk.com/hk/article/641335
rank bYonhap EN · 2026-10-20 15:34 KST / 14:34 HKT
KOSPI −3.73% to 5,552.74 on AI jitters + France unrest — Samsung −2.98%, SK hynix −4.23%
Yonhap AEN20261020007100320 (15:34 Oct 20): KOSPI −215.27 / −3.73% to 5,552.74 (low 5,493.24) after opening −0.6%. Snapped two-day rebound. Samsung Electronics ₩211,500 (−2.98%); SK hynix ₩1.22m (−4.23%) — lowest close since April per Yonhap. Won 1,328.1 at 15:30 (+2.2 vs prior close). US overnight mixed/tech rebound failed to hold Korea.
Implication: Core b-rank into Wed: AI-credit / profitability overhang reasserted after Mon bounce. Memory large-caps led the wipe — Hynix desk uses official ₩1,223,000 (−4.23%).
en.yna.co.kr/view/AEN20261020007100320
rank bKED Global · 2026-10-20 10:48 KST / 09:48 HKT
Kospi snaps two-day rebound as rising global yields + France turmoil cut risk appetite
KED Global Tue 10:48: Kospi closed −3.73% at 5,552.74, erasing prior two-session gains as rising government-bond yields (France political turmoil, US midterm uncertainty) drove investors from risk assets. Defense stocks led falls on US military-spend uncertainty and weaker earnings colour.
Implication: Confirms Yonhap close with bond-yield / risk-off framing — not a single-name memory catalyst. Soft for Wed auction risk tone.
www.kedglobal.com/korean-stock-market/newsView/ked202610200002
rank bKorea JoongAng Daily · Yonhap flows · 2026-10-20 17:05 KST / 16:05 HKT
Foreign −₩535bn / inst −₩1.0tn sold Korea Tue; retail +₩900bn — SK Square −5%, Hynix April low
Korea JoongAng (Yonhap-sourced) Tue: foreigners net −₩535.4bn, institutions −₩1tn, individuals +₩900bn. Volume light 259.75m shares / ₩16tn; decliners 771 vs advancers 117. SK Square −5% to ₩741,000; Samsung Electro-Mechanics −1.28% to ₩1.16m. Daishin: AI credit/profitability concerns unresolved → rebound not sustainable.
Implication: Flow confirmation under the −3.73% print — institutions led the sell with foreign. Elevates memory risk premium into Wed; paper only.
www.koreajoongangdaily.com/business/kospi-slides-nearly-4-on-ai-jitters-
rank bX News · DeepSeek · 2026-10-20 ~21:34 UTC / ~05:34 HKT Wed colour (story Tue)
DeepSeek open-sources DeepInfer inference framework — $38/GPU-hr off-peak revenue stamp on tape
X News story (updated Tue): DeepSeek unveiled DeepInfer (Apache 2.0) to power V4.1-Flash with high throughput; supports NVIDIA + Huawei; claimed single cluster 155T tokens/day generating ~$38/GPU-hr off-peak. Continues Mon V4.1-Flash efficiency scare into Wed Asia.
Implication: Reinforces China AI cheap-token / inference-margin narrative that hit Korea chips Mon–Tue — soft for NVDA software-stack moat optics, mixed for HBM bit-demand (efficiency vs Jevons). Not a same-session KRX print.
x.com/i/trending/2112514538801098954
rank cYonhap EN (same wire) · 2026-10-20 15:34 KST / 14:34 HKT
France protests + risk-off colour cited alongside AI jitters in Korea selloff wire
Yonhap Tue wrap: escalating protests in France sharply reduced appetite for risky assets alongside AI-value-chain concerns; KOSPI had plunged ~21% over seven sessions Oct 6–Thu before Mon–Tue bounce attempt failed.
Implication: Macro risk-off overlay — secondary to AI/chip tape for this desk; keep as c-rank context only.
en.yna.co.kr/view/AEN20261020007100320
Gaps: HKET EN thin/blocked this pull — skipped. SCMP China AI bodies paywalled — used Xinhua/China Daily HK + East Money/Yahoo/Investing closes. Finance MCP needsAuth — Korea attractive EMPTY (no invented Markets promotion). KIND HTML / DART todayRSS TLS EOF from desk notes (KIND tip OK overnight). @alojohhardcore unread (protected; no browser). Home/Following unavailable (no computerUse). BN next funding 08:00 HKT may print after ~07:49 snap.
X · priority
2026-10-21 21:46 HKT / 2026-10-21 22:46 KST · priority authors (@alojoh @citrini @zephyr_z9 @jukan05 @BowTiedBull) · NEW since 2026-10-21 13:40 HKT aft: n_new=3 (X MCP). Wed-aft NEW → PRIOR. Sentiment mixed-bullish, medium, shifted vs Wed aft mixed. Home available (thin). Hardcore unread.
up@jukan05 · 2026-10-21 18:41 HKT · NEW
Jukan: NVIDIA has once again snapped up a massive amount of ABF substrate capacity — SEMCO!!
Implication: UP for Samsung Electro-Mechanics (SEMCO, 009150) / KR ABF substrate supply chain — NVDA capacity grab is constructive colour vs Tue DeepSeek/AI-credit scare. Image claim from post; not a DART cash print. Paper into US hours.
x.com/jukan05/status/2112856784771912047
up@jukan05 · 2026-10-21 18:03 HKT · NEW
Jukan: SpaceX is effectively the best neocloud — short-term leases only so it can keep raising prices as compute scarcity slopes up; best infra buildout + own demand → 2–3× premium vs IREN (~$60bn/GW). Until Terafab ASICs ~2030, SpaceX will devour more Nvidia chips than anyone; may absorb hyperscaler ASIC slowdown.
Implication: UP/mixed for NVDA demand narrative + SPCX Watch colour — SpaceX as top Nvidia offtaker offsets Google/hyperscaler ASIC self-build fear. Reinforces standing SPCX Watch (premium/neocloud), not a thesis upgrade. No AJ Avoid. Paper only.
x.com/jukan05/status/2112847290025337157
up@jukan05 · 2026-10-21 16:09 HKT · NEW
Jukan/ETNews: SK hynix in supply-chain talks for iHBM — next-gen HBM thermal tech with ICE elements in base-die interconnect; claims >30% cut in thermal resistance; WLP on Advanced MR-MUF; target apply from HBM5.
Implication: UP for SK hynix (000660) HBM roadmap / thermal moat and adjacent MR-MUF materials/equipment chain. Constructive vs Tue efficiency scare; Korean media colour, not a same-session cash print (KRX closed). Paper only.
x.com/jukan05/status/2112818458958410089
up@jukan05 · 2026-10-21 11:07 HKT · PRIOR
PRIOR (Wed aft): Jukan BREAKING: Korean activist fund Align discloses stake in SK Inc., holding company of SK Group.
Implication: UP/mixed for SK Inc (034730) governance / holding-co discount unlock — KED Global later: Align says SK Inc undervalued ~75% despite SK Hynix stake. Constructive colour vs Tue DeepSeek scare; not a Hynix cash print. Paper into US hours.
x.com/jukan05/status/2112742454353186868
down@alojoh · 2026-10-21 10:48 HKT · PRIOR
PRIOR (Wed aft): AJ quotes Grok on Elon’s lawyers’ “corporate puffery” defense (replying to Elon’s $1T SpaceX-2028 claim): courts treat vague optimistic statements as non-actionable — ‘They prey on the sheep. Disgusting.’
Implication: Reinforces standing TSLA Caution + SPCX Watch into Q3 call day — legal-optics colour on SpaceX/Tesla narrative, not a new Avoid. Portal not accessed. Hardcore unread.
x.com/alojoh/status/2112737716920087021
up@jukan05 · 2026-10-21 08:54 HKT · PRIOR
PRIOR (Wed aft): Jukan to FT/Bloomberg/CNBC: after day-1 crash coverage of Korean neocloud Elice Group, day-2 hit limit-up (Hankyung: +limit vs day-1 −31.9% from IPO).
Implication: UP KR neocloud / AI-infra sentiment pushback — narrative colour that Tue fear overshot; thin IPO name, not Hynix/Samsung cash. Useful vs DeepSeek-scare tape.
x.com/jukan05/status/2112709021392380123
down@zephyr_z9 · 2026-10-20 23:43 HKT · PRIOR
PRIOR (Wed AM NEW): Zephyr: 'today was another DeepSeek moment' — 2nd/3rd-tier inference providers now have model+recipe for ~90%+ compute margins; DeepInfer proliferation incentive.
Implication: DOWN/mixed for NVDA software-stack / closed inference moat optics; continues Tue efficiency scare into Wed Korea. Soft for AI-credit narrative that already hit KOSPI −3.73%. Paper only.
x.com/zephyr_z9/status/2112570318686683281
mixed@zephyr_z9 · 2026-10-21 00:04 HKT · PRIOR
PRIOR (Wed AM NEW): Zephyr: third-party inference rarely undercuts model provider; DeepSeek cheapest + highest gateway usage — even if undercut, Jevons paradox kicks in.
Implication: MIXED China AI infra: cheap tokens vs demand rebound (Jevons). Softens pure-bear read on DeepSeek open-source but keeps efficiency overhang on tape.
x.com/zephyr_z9/status/2112575809030586866
down@alojoh · 2026-10-21 00:24 HKT · PRIOR
PRIOR (Wed AM NEW): AJ: Elon promises ~20% hit rate — 'absolutely no reason for any kind of FOMO at trillions of dollars of market cap in both Tesla and SpaceX.'
Implication: Reinforces standing TSLA Caution + SPCX Watch. No new board row; colour only. Portal not accessed.
x.com/alojoh/status/2112580606605607055
down@alojoh · 2026-10-21 00:50 HKT · PRIOR
PRIOR (Wed AM NEW): AJ on Tesla Q3 2026 retail shareholder questions (call Wed): top questions are mostly 'when' — timelines worthless; Elon missed near-term predictions.
Implication: TSLA Caution reinforced into Q3 call day. No Avoid upgrade on public X. Hardcore unread.
x.com/alojoh/status/2112587391504359593
up@jukan05 · 2026-10-21 06:00 HKT · PRIOR
PRIOR (Wed AM NEW): Jukan/ZDNet Korea: Groq (acquired by Nvidia) seeks to introduce 3D-stacked DRAM in next-gen chips.
Implication: UP/mixed memory demand colour for HBM/3D DRAM stack (Hynix/Samsung adjacency) vs DeepSeek efficiency scare. Paper only — not a cash print.
x.com/jukan05/status/2112665161194672181
mixed@BowTiedBull · 2026-10-21 06:03 HKT · PRIOR
PRIOR (Wed AM NEW): BowTiedBull quotes Kobeissi on Elon saying SpaceX/$SPCX and Tesla formed special committees to discuss a potential merger — 'Shareholders while he owns 49% of spcx lol'.
Implication: MIXED TSLA Caution / SPCX Watch colour — governance optics, not a thesis upgrade. Skip lifestyle posts.
x.com/BowTiedBull/status/2112665949510029512
mixed@zephyr_z9 · 2026-10-20 21:17 HKT · PRIOR
PRIOR (Tue eve): Zephyr correction on DeepSeek inference-margin math: prior 88–97% figures are ideal-scenario; provider can make ~$49/hr non-peak; DeepSeek states ~$38/hr non-peak; production ~80% of benchmark.
Implication: MIXED AI infra — trims the extreme margin print but keeps DeepSeek economics transparent and still very high vs rented GPU cost. Soft for NVDA/vLLM stack optics; not a Korea cash print.
x.com/zephyr_z9/status/2112533683634942328
up@jukan05 · 2026-10-20 17:30 HKT · PRIOR
PRIOR: Jukan/Chosun Biz: Chinese brands recycling 5–6-year-old DRAM from scrap phones/PCs into new smartphones amid memory shortage.
Implication: UP for KR memory scarcity narrative (Hynix/Samsung) — extreme demand stretch on DRAM; constructive vs DeepSeek efficiency scare. Paper only (Korea closed).
x.com/jukan05/status/2112476491078570446
Dropped: citrini: Anthropic scorpion-binder RTs / Analyst#3 banter — biotech colour, not desk cash; zephyr_z9: RT Anthropic scorpion blog — not market; alojoh: no new posts since aft last_seen; BowTiedBull: no new posts since aft last_seen; @alojohhardcore unread (protected; public X unauthorized); Home Following: CoinDesk Tether→Bolivia Peso fintech — skip (LatAm stablecoin, not desk); Home Following: politics Biden/Putin video — skip. Pruned older PRIOR ids: 1.
DART · material KR
Last updated 2026-10-21 16:00 KST (Asia/Seoul) · KEEP×22: Vinatech 126340 UP 3-8%; MOT 413390 UP 3-8%; Korea Comprehensive Engineering 023350 DOWN 1-3%; Kyeryong Construction 013580 MIXED 1-3%; Seohan 011370 MIXED 1-3%; IPARK Hyundai Development 294870 MIXED 1-3%; UNID 014830 DOWN 3-8%; Innosimulation 274400 UP 8%+; Laon People 300120 UP 8%+; Haein 003010 UP 8%+; FnGuide 064850 UP 3-8%; LS Electric 010120 UP 3-8%; UniTest 086390 UP 3-8%; Megastudy Edu 215200 UP 1-3%; MC Nex 097520 UP 3-8%; LS Marine Solution 060370 UP 1-3%; APR 278470 DOWN 1-3%; S-Energy 095910 UP 3-8%; Spigen Korea 192440 UP 3-8%; Kumho Construction 002990 MIXED 8%+; Samsung C&T 028260 UP 1-3%; A+ Asset 244920 UP 1-3%
Age window ≥ 2026-10-20 15:40 KST · 22 keep · last scan 2026-10-21 16:00 KST · tip 20261021000381 · DART todayRSS TLS EOF (KIND AJAX OK) · KEEP×2 Vinatech 126340 Sanmina PO ₩119.5bn UP 3-8%; MOT 413390 battery-equip PO ₩10.1bn UP 3-8% · DROP HRS past-record quarterly div / Ilji affiliate CPT guarantee / HD KSOE end-date amend / Samsung Biologics in-line Q3 OP / Erem EGM directors / officer×JMI+KG Inicis+KSS+NAVER / ELS prospectus×Samsung+NH+Daishin / IR HD HHI+KSOE / Aroot large-hold / Daesung Hitec CB listing · no 000660 filing · ping_needed=true
up 3-8%Vinatech 126340 · KOSDAQ · 2026-10-21 15:53 KST · p≈32%
Sanmina DC supercapacitor PO · ₩119.5bn (~145% sales / ~18% mcap) · zero advance · India · halt-to-close
Wed 21 Oct ~15:53 KST after cash close: Vinatech (비나텍, 126340, KOSDAQ) signed a Sanmina Corp PO for data-center supercapacitors — face ₩119.5bn (~145% of 2025 consol sales / ~17.6% of ~₩680bn mcap). Zero advance; overseas-sub production into India through 2027-12-23. Same-minute KRX disclosure halt until session end (already closed). Cash close ≈₩94,700 (+3.27%) is pre-stamp. Direction UP — named mega EMS CP plus mid-teens % of mcap near-term PO book. Magnitude 3–8%: refuse 8%+ for zero advance and ~14-mo drip despite 145% of sales (Access Bio / Woori Ro class). Probability ≈32%: after-close → next-open leftover; live only +3.3% so unused overnight band remains.
Named Sanmina EMS PO into DC supercapacitors adds solid near-term order book on a thin KOSDAQ name → UP. Face ₩119.5bn ≈17.6% of mcap / 145% of sales, but zero advance + delivery through Dec 2027 → UP 3–8%; refuse 8%+ (sales%≠band / Access Bio–Woori Ro). Stamp 15:53 is after the 15:30 cash close; +3.27% close is pre-news. Leftover is overnight/next-open → p≈32%.
DART
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up 3-8%MOT 413390 · KOSDAQ · 2026-10-21 15:51 KST · p≈28%
Battery assembly-equipment PO · ₩10.1bn (~13% sales / ~14% mcap) · unnamed CP · zero advance · 70% midpay
Wed 21 Oct ~15:51 KST after cash close: MOT (엠오티, 413390, KOSDAQ) signed secondary-battery assembly-equipment supply — face ₩10.1bn (~13.4% of 2025 consol sales / ~14.3% of ~₩70.8bn mcap). CP withheld; zero advance; 70% midpay on delivery/inspection + 30% final; window through 2027-04-20. Cash close ≈₩6,270 (soft into the stamp). Direction UP — size vs thin mcap is real near-term equipment cash even with unnamed CP. Magnitude 3–8%: refuse 8%+ for withheld CP + zero advance (Jetema/Conic class). Probability ≈28%: after-close overnight leftover; soft pre-stamp tape.
₩10.1bn equipment PO ≈14% of thin mcap with midpay on delivery is near-term cash fuel → UP despite unnamed CP. Face ~14% of mcap / ~13% of sales, but withheld CP + zero advance + ~6-mo drip → UP 3–8%; refuse 8%+. Stamp 15:51 after cash close; soft close into the news. Leftover is overnight/next-open → p≈28%.
DART
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down 1-3%Korea Comprehensive Engineering 023350 · KOSPI · 2026-10-21 15:41 KST · p≈28%
Gyeongju Nasan Energy waste-to-oil award cancel · ₩31.0bn (~7.8% sales / ~79% mcap) · PF fail · conditional never effective
Wed 21 Oct ~15:41 KST after cash close: Korea Comprehensive Engineering (한국종합기술, 023350, KOSPI) cancelled the Gyeongju Nasan Energy waste-to-oil construction award — face ₩31.0bn VAT-ex (~7.77% of 2024 sales / ~79% of ~₩39.4bn mcap). CP Nasan Energy asked to cancel after PF financing failed to close; the Sep 2025 award was conditional on PF and never took effect. Cash close ≈₩3,600 (−2.44%) is pre-stamp. Direction DOWN — headline removes contingent backlog on a thin engineer. Magnitude 1–3%: refuse 3–8%/8%+ face/mcap trap (never-effective conditional, no cash write-off). Probability ≈28%: after-close → next-open leftover; substance softer than the ₩31bn title.
Formal cancel of a disclosed construction award removes contingent backlog; soft DOWN even though the Sep 2025 print was PF-conditional and never became effective. Face ₩31.0bn ≈79% of mcap / ~7.8% of sales looks large, but zero-advance never-effective conditional PF award → house style DOWN 1–3%; refuse face/mcap trap (Seohan/construction class). Stamp 15:41 is after the 15:30 cash close; −2.44% close is pre-news. Leftover is overnight/next-open only → p≈28%.
DART
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mixed 1-3%Kyeryong Construction 013580 · KOSPI · 2026-10-21 15:24 KST · p≈1200%
Daejeon Gapcheon 4BL rental-housing build · Kyeryong ₩230.0bn (75%) · ~8% sales / ~101% mcap · REIT CP · zero advance
Wed 21 Oct ~15:24 KST: Kyeryong Construction (계룡건설, 013580, KOSPI) signed Daejeon Gapcheon 4BL public-support private-rental housing construction — Kyeryong share ₩230.0bn (75% of ₩306.7bn total; ~7.97% of 2025 consol sales / ~101% of ~₩226.8bn mcap). CP is Daejeon Doan Gapcheon 4 Public-Support Private Rental REIT (same vehicle Kyeryong bought ~20.8% of earlier today via 20261021000191); advance none; progress-bill 2026-10-21→2029-05-30. Live ≈₩25,400 (+12.89%) / high ₩25,500 (+13.3%). Direction MIXED — related project vehicle + zero-advance multi-year construction drip, not near-term cash. Magnitude 1–3%: refuse face/mcap trap despite ~100% mcap face. Probability ≈12%: live already +12.89% / high +13.3% through the band → leftover don’t-chase into close/next open.
Related REIT project vehicle (Kyeryong just took ~20.8%) + zero advance + ~31-month progress-bill is backlog on its own housing PFV, not a clean third-party cash PO → MIXED (Seohan/IPARK construction class). Face ₩230.0bn ≈101% of mcap and ~7.97% of sales looks huge, but zero advance + multi-year progress-bill + related vehicle → house style MIXED 1–3%; refuse 3–8%/8%+ face trap. Live +12.89% / high +13.3% already clears any 1–3% band near the 15:30 cash close (stamp 15:24) → leftover p≈12% is don’t-chase / next-open residual only.
DART
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mixed 1-3%Seohan 011370 · KOSDAQ · 2026-10-21 14:30 KST · p≈1000%
Daechi AIDC 9MW data-center build · face ₩129.6bn VAT-ex (~20% sales / ~141% mcap) · PFV CP · zero advance
Wed 21 Oct ~14:30 KST: Seohan (서한, 011370, KOSDAQ) signed Daechi AIDC 9MW data-center build — face ₩129.6bn VAT-ex (~20% of 2025 sales / ~141% of ~₩91.6bn mcap). CP is a PFV; advance none; progress-bill every 2 months for ~27 months into 2029. Live ≈₩4,540 (+17.0%) / high ₩4,775 (+23.1%). Direction MIXED — Seohan-class PFV + zero-advance multi-year construction backlog, not near-term cash. Magnitude 1–3%: refuse face/mcap and sales% traps. Probability ≈10%: high already +23% → leftover don’t-chase / fade risk, not unused band.
PFV counterparty + zero advance + 27-month progress-bill drip is backlog recognition, not a same-day cash PO; AIDC theme can spike tape but mechanism stays MIXED (Seohan/HMM face-trap class). Face ₩129.6bn is ~141% of mcap and ~20% of sales, but zero advance + multi-year progress-bill → house style MIXED 1–3%; refuse 3–8%/8%+. Live +17.0% / high +23.1% already far through any 1–3% band minutes after stamp → leftover p≈10% is don’t-chase / fade risk, not a fresh clip.
DART
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mixed 1-3%IPARK Hyundai Development 294870 · KOSPI · 2026-10-21 13:55 KST · p≈1200%
Banghwa 2 redevelopment preferred negotiator · face ~₩293.8bn VAT-ex (~22% mcap) · not yet contractor
Wed 21 Oct ~13:55 KST: IPARK Hyundai Development (IPARK현대산업개발, 294870, KOSPI) named preferred negotiator for Banghwa 2 redevelopment — face ~₩293.8bn VAT-ex (~22% of ~₩1.37tn mcap), 740-unit book. Body explicitly: not yet contractor; union GM still ahead; amount can change. Live ≈₩20,750 (+0.97%) / high ₩21,200 (+3.2%). Direction MIXED — preferred-negotiator / unsigned construction path (Samsung C&T–class process, not a signed PO). Magnitude 1–3%: refuse face/mcap trap and 3–8%/8%+ while unsigned + multi-year progress-bill. Probability ≈12%: high already cleared the 1–3% band → leftover don’t-chase / fade risk, not unused alpha.
Preferred negotiator after 유찰→수의계약 is process progress, not a signed construction contract; body says union GM still required and face can change → MIXED, never clean UP. Face ~₩294bn ≈22% of ₩1.37tn mcap looks large but unsigned preferred-negotiator + multi-year drip → house style MIXED 1–3% (Samsung C&T / Kyeryong / IPARK reconstruction class); refuse 3–8%/8%+. Live +0.97% / high +3.2% already through the 1–3% band minutes after 13:55 stamp → leftover p≈12% is don’t-chase / fade risk, not a fresh unused clip.
DART
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down 3-8%UNID 014830 · KOSPI · 2026-10-21 13:52 KST · p≈2200%
Q3 consol prelim OP −₩2.14bn (loss turnaround vs +₩24.2bn QoQ / +₩18.8bn YoY) · sales ₩378.0bn (+15% YoY)
Wed 21 Oct ~13:52 KST: UNID (유니드, 014830, KOSPI) fair-disclosed consol Q3’26 prelim — sales ₩378.0bn (−5.5% QoQ / +14.9% YoY), OP −₩2.14bn (loss turnaround vs +₩24.2bn QoQ / +₩18.8bn YoY), NI −₩4.43bn (loss turnaround). 9M OP ₩47.6bn (−40.7% YoY). Live ≈₩56,700 (−4.06%) / high ₩59,900 (+1.4%); mcap ≈₩384bn. Direction DOWN — sequential and YoY OP loss turnaround is a clear earnings miss; YoY sales growth does not offset an OP swing into the red. Magnitude 3–8%: ~₩384bn KOSPI + OP swing ≈7% of mcap supports mid-band; refuse 8%+ (liquid mid-cap, absolute loss tiny vs sales). Probability ≈22%: live already −4% into the band — leftover is remainder into close, not a fresh unused clip.
Consol Q3 OP loss turnaround to −₩2.14bn from +₩24.2bn QoQ and +₩18.8bn YoY is a clear earnings miss — mechanism is profitability shock into the red, not a sales-bar print (sales still +15% YoY). ~₩384bn KOSPI + OP swing ≈₩26bn (~7% of mcap) supports DOWN 3–8%; refuse 8%+ (liquid mid-cap, absolute OP loss only ~0.6% of mcap / sales still growing YoY). Live already −4.06% / high only +1.4% minutes after 13:52 stamp → leftover p≈22% is remainder of the 3–8% band into the close, not a fresh unused clip.
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up 8%+Innosimulation 274400 · KOSDAQ · 2026-10-21 13:19 KST · p≈1200%
Philippines next-frigate DCTS supply ₩2.14bn (~15% sales / ~11% mcap) to HD Hyundai Heavy · 25% advance
Wed 21 Oct ~13:19 KST: Innosimulation (이노시뮬레이션, 274400, KOSDAQ) disclosed a ₩2.14bn (~15% of sales / ~11% of ≈₩20bn mcap) supply contract for HD Hyundai Heavy’s Philippines next-frigate DCTS build, 2026-10-21→2029-03-31, with 25% advance / 50% mid / 25% final. Live ≈₩2,215 (-0.45%) / high ₩2,490 (+11.9%). Direction UP — named mega shipyard CP + double-digit % of mcap + real down payment is a clean orderbook shock, not a sales-bar print. Magnitude 8%+: thin-KOSDAQ named-build class when face ≫ mid-single-mcap with advance. Probability ≈12%: session high already cleared +12% while live is flat — don’t-chase leftover / overnight residual only.
Named mega shipyard CP (HD HHI) + real ₩2.14bn DCTS frigate-subsystem order with 25% cash advance expands near-term orderbook on a thin ~₩20bn KOSDAQ name — mechanism is new contracted work and down-payment cash, not a sales-bar print. Face ₩2.14bn ≈10.6% of ≈₩20bn mcap + 15% of sales + 25% advance on thin KOSDAQ → UP 8%+ (CK Solution / named-build class). Multi-year to Mar 2029 haircuts cash timing but size+advance keeps the high band; refuse 3–8% only. Session high already ₩2,490 (+11.9%) while live ≈ flat (-0.45%) around enrich → first clip likely spent; leftover p≈12% don’t-chase / overnight residual only.
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up 8%+Laon People 300120 · KOSDAQ · 2026-10-21 13:11 KST · p≈1200%
Q3 separate prelim OP ₩1.176bn (turnaround / +291% QoQ) · sales ₩3.75bn (+59% YoY)
Wed 21 Oct ~13:11 KST: Laon People (라온피플, 300120, KOSDAQ) fair-disclosed separate Q3’26 prelim — sales ₩3.75bn (+59% YoY / +6% QoQ), OP ₩1.18bn (turnaround from −₩2.63bn YoY / +291% QoQ), NI only ₩35m (−94% QoQ despite OP surge). Live ≈₩3,585 (+18.71%) / high ₩3,615 (+19.7%); mcap ≈₩35bn (9.90m sh). Direction UP — YoY OP turnaround + sequential OP nearly 4× on a thin ~₩35bn name is a real earnings re-rate (Flitto-class), even on 별도 and with NI collapsing below the line. Magnitude 8%+: thin-KOSDAQ OP shock mid-session. Probability ≈12%: minutes after the stamp live already +19% / high +20% — don’t-chase leftover / overnight residual only.
YoY OP turnaround to ₩1.18bn from −₩2.63bn plus QoQ OP +291% is a genuine earnings re-rate on a thin KOSDAQ book — mechanism is surprise profitability, not a sales-bar print. Thin ~₩35bn KOSDAQ + OP turnaround/shock print → UP 8%+ (Flitto-class mid-session); 별도 basis + NI −94% QoQ haircut drift quality but not the high-band label. Live already +18.71% / high ₩3,615 (+19.7%) minutes after 13:11 stamp → leftover p≈12% don’t-chase / overnight residual only.
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up 8%+Haein 003010 · KOSPI · 2026-10-21 12:52 KST · p≈1200%
Pohang AI data-center build supply ₩46.4bn (~19% sales / ~40% mcap) to Hyundai E&C · zero advance
Wed 21 Oct ~12:52 KST: Haein (혜인, 003010, KOSPI) disclosed a ₩46.4bn (~19% of 2025 sales / ~40% of ≈₩115bn mcap) supply contract for Hyundai E&C’s Pohang AI data-center build, 2026-10-20→2027-11-09, zero advance, monthly pay within 60 days of receipt. Live ≈₩9,050 (+12.56%) / high ₩9,300 (+15.7%). Direction UP — named mega-CP + AI-DC theme + face ≫ mcap on a thin ~₩115bn name is a real orderbook shock, not a sales-bar print. Magnitude 8%+: CK Solution / theme-beta class when face ≫ mcap and CP is a real build — refuse to cut to 3–8% just for zero advance. Probability ≈12%: minutes after the stamp live already cleared +12% / high +15.7% — don’t-chase leftover / overnight residual only.
Named Hyundai E&C AI data-center build supply at ₩46.4bn (~19% sales / ~40% mcap) is a genuine orderbook add on a thin KOSPI name — economic mechanism is backlog + theme, not a routine sales-bar. Face ≫ mcap + named build CP + AI-DC theme on ≈₩115bn book → UP 8%+ shock class (CK Solution / theme-beta); zero advance/monthly drip cuts drift quality but not the high-band label. Live already +12.56% / high +15.7% minutes after 12:52 stamp → leftover p≈12% don’t-chase / overnight residual only.
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up 3-8%FnGuide 064850 · KOSDAQ · 2026-10-21 11:29 KST · p≈1200%
Q3 consol prelim OP ₩7.729bn (+188% YoY / −1.7% QoQ) · sales ₩14.841bn (+77% YoY)
Wed 21 Oct ~11:29 KST: FnGuide (에프앤가이드, 064850, KOSDAQ) fair-disclosed consol Q3’26 prelim — sales ₩14.841bn (+76.5% YoY / −0.5% QoQ), OP ₩7.729bn (+187.9% YoY / −1.7% QoQ), NI ₩6.263bn (+142.8% YoY). Live ≈₩17,980 (−2.34%) / high ₩18,620 (+1.1%); mcap ≈₩205bn (11.41m sh). Direction UP — YoY OP nearly triples on a thin financial-data name, so the economic surprise is still an earnings re-rate even with sequential OP flat. Magnitude 3–8%: ~₩205bn KOSDAQ can move mid-band on a +188% YoY OP print, but QoQ soft (−1.7%) and refuse 8%+ (not a sequential breakout; sales%≠band). Probability ≈12%: minutes after the stamp live is already −2.3% (high only +1.1%) — don’t-chase leftover / overnight residual only.
Consol Q3 OP +187.9% YoY (₩7.729bn vs ₩2.685bn) and sales +76.5% YoY is a large earnings step-up on a thin KOSDAQ financial-data name, even with OP −1.7% QoQ. ~₩205bn KOSDAQ + +188% YoY OP supports UP 3–8%; refuse 8%+ because QoQ OP soft (−1.7%) so not a sequential breakout (sales%≠band). Live already −2.34% / high only +1.1% minutes after 11:29 stamp → leftover p≈12% don’t-chase / overnight residual only.
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up 3-8%LS Electric 010120 · KOSPI · 2026-10-21 11:11 KST · p≈1200%
Q3 consol prelim OP ₩233.5bn (+132% YoY / +31% QoQ) · sales ₩1.88tn (+54% YoY)
Wed 21 Oct ~11:11 KST: LS Electric (엘에스일렉트릭, 010120, KOSPI) fair-disclosed consol Q3’26 prelim — sales ₩1,877.8bn (+54.4% YoY / +19.1% QoQ), OP ₩233.5bn (+131.7% YoY / +30.8% QoQ), NI ₩142.8bn (+116.8% YoY). Live ≈₩166,300 (+7.15%) / high ₩168,500 (+8.6%); mcap ≈₩24.95tn. Direction UP — both YoY and sequential OP expanded hard on a liquid large-cap power/automation book (not a YoY-only / sequential-miss print). Magnitude 3–8%: absolute OP jump is large, but ~₩25tn liquidity caps expected same-session drift below 8%+ (LGES-class large-cap beat). Probability ≈12%: minutes after the stamp live already sits mid/top of band — don’t-chase leftover only.
Consol Q3 OP +132% YoY and +31% QoQ is a clean earnings re-rating signal on a liquid large-cap power/automation name. Huge absolute OP jump but ~₩25tn liquid KOSPI → UP 3–8% (refuse 8%+ expected drift; LGES large-cap beat class). Live already +7.15% / high +8.6% minutes after stamp → leftover p≈12% don’t-chase.
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up 3-8%UniTest 086390 · KOSDAQ · 2026-10-21 11:06 KST · p≈1200%
SK Hynix test-equipment PO ₩16.2bn (~6.6% mcap / ~14.7% sales) · zero advance · to Feb’27
Wed 21 Oct ~11:06 KST: UniTest (유니테스트, 086390, KOSDAQ) disclosed a firm SK Hynix purchase order for semiconductor test/inspection equipment at ₩16.2bn (₩16,226,000,000) — ~14.7% of FY2025 consol sales (₩110.2bn) and ~6.6% of ~₩246bn mcap — delivery window 21 Oct 2026 to 12 Feb 2027, zero advance (90% after intake / 10% after setup), same-type Hynix contracts already in the last three years. Live ≈₩11,650 (+5.9%) / high ₩12,260 (+11.5%); mcap ≈₩246bn. Direction UP — named mega-memory CP near-term equipment PO adds visible revenue and a clean demand signal for a thin KOSDAQ tester. Magnitude 3–8%: mid-single % of mcap + ~4-month cash window supports the mid band; refuse 8%+ (zero advance + prior same-type Hynix book, not a first print; sales%≠band). Probability ≈12%: minutes after the stamp live already sits mid-band and the high cleared 8%+ — don’t-chase leftover only.
Named SK Hynix near-term equipment PO is incremental revenue visibility and a clean demand signal for a thin KOSDAQ tester. ~6.6% mcap / ~14.7% sales + ~4-mo delivery → UP 3–8%; refuse 8%+ (zero advance + prior same-type Hynix contracts; sales%≠band). Live already +5.9% / high +11.5% minutes after stamp → leftover p≈12% don’t-chase (first clip spent).
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up 1-3%Megastudy Edu 215200 · KOSDAQ · 2026-10-21 10:51 KST · p≈1000%
Samsung buyback trust ₩10.0bn (~2.3% mcap / ~2.4% OS) · hold-after blank · to Apr’27
Wed 21 Oct ~10:51 KST: Megastudy Edu (메가스터디교육, 215200, KOSDAQ) board opened a Samsung Securities treasury buyback trust ₩10.0bn (₩10,000,000,000) from 21 Oct 2026 to 21 Apr 2027 for price stability / shareholder return; planned ~253,164 sh at ₩39,500 prior close (~2.4% of ~10.36m OS); already holds 271,351 trust treasury (2.62%) + 11,960 other; YTD already bought ~₩10.0bn. No cancel language; hold-after blank. Live ≈₩41,200 (+4.3%) / high ₩41,600 (+5.3%); mcap ≈₩427bn. Direction UP — new OM trust cash bid supports the tape. Magnitude 1–3%: ~2.3% mcap soft trust over 6 months, no cancel → Embrain/A+ Asset hold-after class; refuse 3–8% (unlike prior Megastudy cancel-intent print). Probability ≈10%: live already cleared the 1–3% band — don’t-chase leftover only.
New Samsung buyback trust is an OM cash bid into the book even without cancel. ~2.3% mcap / ~2.4% OS soft 6-mo trust, no cancel → UP 1–3%; refuse 3–8%. Live already +4.3% / high +5.3% → leftover p≈10% don’t-chase (band spent).
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up 3-8%MC Nex 097520 · KOSPI · 2026-10-21 10:06 KST · p≈3000%
Already-held treasury cancel 901,500 sh (~5.2% OS / ₩16.1bn) · cancel 30 Oct
Wed 21 Oct ~10:06 KST: MC Nex (엠씨넥스, 097520, KOSPI) board resolved to cancel 901,500 already-held treasury common shares (~5.2% of 17,401,500 OS; OS after → 16,500,000) on 2026-10-30; face ₩16.06bn at 10/20 close ₩17,820; no capital cut. Live ≈₩17,720 (-0.56%) / high ₩18,200 (+2.1%); mcap ≈₩3084bn. Direction UP — permanent float shrink (already-held cancel) lifts per-share claims with no new bid cash. Magnitude 3–8%: ~5% OS / ~₩16bn on ~₩3.1tn mid-KOSPI — Inter-M/Handsome already-held cancel class; refuse 8%+ (no OM bid, <10% halt). Probability ≈30%: live still near flat mid-morning — leftover into close is unused band, not autopsy.
Already-held treasury cancel permanently shrinks float — mechanical EPS/NAV lift, no new cash leaving. ~5.2% OS / ₩16.1bn on ~₩3.1tn mid-KOSPI → UP 3–8%; refuse 8%+ (no new OM bid). Live -0.56% / high +2.1% mid-morning → leftover p≈30% into close still unused.
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up 1-3%LS Marine Solution 060370 · KOSDAQ · 2026-10-21 09:25 KST · p≈1200%
Q3 consol prelim OP ₩6.87bn (+234.6% YoY / +12.3% QoQ) · sales ₩73.6bn (−4.3% YoY / −22.9% QoQ)
Wed 21 Oct ~09:25 KST: LS Marine Solution (060370) fair-disclosed Q3 consol prelim — sales ₩73.6bn (−4.3% YoY / −22.9% QoQ), OP ₩6.87bn (+234.6% YoY / +12.3% QoQ), NI ₩6.19bn (+92.3% YoY / −11.2% QoQ). Live ≈₩28,600 (+0.7%) / high ₩30,300 (+6.7%); mcap ≈₩1.49tn. Direction UP — YoY OP re-rate from a low base is the bullish mechanism. Magnitude 1–3%: ~₩1.5tn liquid KOSDAQ + QoQ sales drop + absolute OP still <0.5% of mcap refuse 3–8%/8%+. Probability ≈12%: high already cleared the band then faded — don’t-chase leftover only.
YoY OP +234% from a low base is a positive earnings re-rate even with soft QoQ sales. ~₩1.5tn liquid KOSDAQ + QoQ sales −23% + OP <0.5% of mcap → UP 1–3% only; refuse 3–8%. High already +6.7% then faded to ~+0.7% → leftover p≈12% don’t-chase.
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down 1-3%APR 278470 · KOSPI · 2026-10-20 18:10 KST · p≈3500%
Unfaithful-disclosure designation notice — Q3 consol prelim FD non-compliance · 0 pts
Tue 20 Oct 18:10 KST after-close: APR (278470) got an unfaithful-disclosure designation notice for missing the Q3 consol prelim OP fair disclosure — 0 trailing points, objection window to 29 Oct, not yet a final designation. Direction DOWN — official process stigma on a mega cosmetics name (not a stay). Magnitude 1–3%: mega ~₩11.6tn + zero prior points + objection path → second-shoe process, not Daeyang-class distress 8%+. Probability ≈35%: after-close → Wed open can tax the headline; leftover is overnight process, not a halt.
KRX unfaithful notice for missed prelim FD is negative governance/process news. Mega-cap + 0 pts + objection window → 1–3% process tax, refuse 8%+. After-close into Wed open → p≈35%.
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up 3-8%S-Energy 095910 · KOSDAQ · 2026-10-20 18:07 KST · p≈3200%
Korea Western Power solar PO ₩12.53bn (12.2% sales / ~59% mcap) · zero advance · to May’27
Tue 20 Oct 18:07 KST after-close: S-Energy (095910) won a ₩12.53bn Korea Western Power solar EPC/supply (~12% of sales / ~59% of ₩21.2bn mcap) with zero advance and cash through May 2027. Direction UP — named utility CP, not affiliate restatement. Magnitude 3–8%: face ≫ mcap on thin KOSDAQ justifies mid band, but zero advance + progress-bill refuse 8%+ expected drift (Seohan/sales%≠band haircut). Probability ≈32%: after-close → Wed open leftover; thin name can gap then fade — don’t-chase if auction already clears mid-band.
Named Korea Western Power solar award is new third-party book, not an affiliate reprint. ~59% mcap on micro book → 3–8% impulse class; zero advance + progress-bill refuse 8%+ hold-to-close. After-close unused into Wed 09:00 → p≈32%; thin-name spike-fade risk.
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up 3-8%Spigen Korea 192440 · KOSDAQ · 2026-10-20 17:49 KST · p≈3800%
Already-held treasury cancel 248,654 sh (4.00% OS) · book ₩8.55bn · cancel 9 Nov
Tue 20 Oct 17:49 KST after-close: Spigen Korea (192440) will cancel already-held treasury 248,654 shares (4.00% of OS) for book ₩8.55bn on 9 Nov — permanent float shrink, no new cash bid (Handsome/Shinsegae I&C mid-cap cancel class). Pre-open ≈₩27,300; mcap ≈₩169.7bn. Direction UP — already-held cancel. Magnitude 3–8%: ~4% OS / ~5% mcap mid-cap permanent shrink; refuse 8%+ (not a same-day dated micro Sammok shock; cancel 9 Nov). Probability ≈38%: after-close stamp → Wed 09:00 auction is the leftover clock; tape has not voted.
Already-held treasury cancel permanently shrinks float; replaces dispose disclosure — clean UP. ~4% OS / ~5% mcap on ~₩170bn name → Handsome/Shinsegae mid-cap 3–8%; refuse 8%+. After-close → next cash open unused → p≈38%.
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mixed 8%+Kumho Construction 002990 · KOSPI · 2026-10-20 17:44 KST · p≈4000%
Perpetual sub private CB ₩50bn · convert ₩11,839 · ~10.2% OS · ops cash
Tue 20 Oct 17:44 KST after-close: Kumho Construction (002990) prints a ₩50bn perpetual subordinated private CB (~14% of mcap) convertible at ₩11,839 into ~10.2% of OS from Oct 2027, with step-up and optional maturity extensions — operating-cash raise that is also deep dilution optionality. Direction MIXED — cash/credit relief vs large convert overhang and refix/step-up path (private CB / Artist Studio family). Magnitude 8%+: size vs mcap and ~10% OS warrant shock-band volatility, not a 1–3% grind. Probability ≈40%: after-close → Wed open two-way gap risk is the product.
Ops cash and sub-capital treatment vs ~10% OS convert overhang + step-up — two-way, not clean UP. ₩50bn / ~₩360bn mcap (~14%) and 10% OS → 8%+ vol band. After-close unused auction → p≈40% for a gap either way.
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up 1-3%Samsung C&T 028260 · KOSPI · 2026-10-20 16:57 KST · p≈2800%
Construction LOA received (≥2.5% of sales) — name/amount/CP withheld
Tue 20 Oct 16:57 KST after-close: Samsung C&T (028260) says it got a construction LOA sized ≥2.5% of sales, with all commercial details withheld. Direction UP — LOA is stronger than preferred-bidder, but withheld face caps the re-rate on a ~₩45tn name (Samsung C&T Yeouido class). Magnitude 1–3%: mega diversified construction + secrecy → confirmation gap only; refuse 8%+. Probability ≈28%: after-close leftover into Wed open; AH already +2% so some band may be spent before cash.
LOA receipt is a positive construction-book print even with secrecy. Mega ~₩45tn + withheld face → UP 1–3% only. After-close + AH already +2% → p≈28% cash leftover.
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up 1-3%A+ Asset 244920 · KOSPI · 2026-10-20 16:20 KST · p≈3000%
Samsung Securities buyback trust ₩3.5bn (~1.4% mcap) · hold-after blank · to Apr’27
Tue 20 Oct 16:20 KST after-close: A+ Asset (244920) opens a ₩3.5bn Samsung buyback trust (~1.4% of mcap) with blank hold-after and no cancel — soft price-support bid, not permanent float shrink. Direction UP — cash bid into the book. Magnitude 1–3%: Embrain/hold-after size class; refuse 3–8% without cancel. Probability ≈30%: after-close → Wed open leftover while live still flat.
New trust cash bid supports the tape even without cancel. ~1.4% mcap soft trust → UP 1–3%; no cancel language. After-close unused → p≈30%.
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