Daily brief
Morning report — Mon 28 Sep 2026 ~07:50 HKT (research/paper)
Research/paper only. No live orders or recommendations. KRX first cash after Chuseok — open Mon 28 Sep 09:00 KST (holiday Thu 24–Fri 25).
watchlists US AJ: NEW overnight board rows none (Featured paywalled). Outlook CONNECTED. X color: Tesla Europe share ATL / BYD beats tariffs (caution↑); TSMC 2nm pull-forward + NVDA-China ~$13bn option; QCOM evaluating Samsung 2nm. Standing Y: AVGO, MU, MRVL, NVDA (HC), XPEV, META, AMD, LITE. Wait ORCL; Caution TSLA, NIO; Watch SPCX; Avoid EOSE, EOS; N PLTR, AAPL, RIVN. Korea attractive: EMPTY. 000660 is Hynix desk only.
asia news Mon backlog n=8. Lead: MiniMax M3.1-Flash coding model; DeepSeek ~$1bn ARR / financing-IPO tape; SCMP GF Chinese optical modules + HK AI copyright delay; Solidigm IPO ≤$150bn (Korea Times/Reuters); Herald MICRO memory-computing; Yonhap Q4 semi BSI 139; Aju reopen vol. HKET 403; KED sections thin.
X Evening refresh 2026-09-28 22:00 HKT · Sentiment mixed, medium · Home unavailable · n_new=6 after 13:46 HKT. NEW: Jukan SEMCO ₩4.27tn FC-BGA; Zephyr NVDA Anthropic >$180bn contracted + VIS Singapore fab + META Enterprise Platform; AJ Xpeng FSD vs Tesla (down) + XPEV/TSLA Amsterdam mixed. PRIOR (aft demoted): SKHY Japan fab; MLCC; Citrini banks/QNT.
DART Age-window ≥Wed 15:40 KST: 16 keeps (no 000660) — NEW TKG Huchems 069260 up 1-3%/p≈20% nitric-acid Indonesia ₩337.8bn (30% sales/~47% mcap; 2029–2039) @15:51 (cash +9.5%/high +19%); NEW Dongwha Enterprise 025900 mixed 1-3%/p≈25% ₩150bn M-Park funding-support guarantee (17% equity/~43% mcap) @16:00; Digi.I 043360 mixed 8%+/p≈40%; NRB, Inc. 475230 up 1-3%/p≈18%; +12 more. last_seen 20260928900425 @16:01 KST
funding BN fapi GEO-BLOCKED. HL xyz:SKHY mark 191.17 / fund -2.96e-05; xyz:SKHX mark 1356.8 / fund 6.11e-05. BN−HL spreads UNKNOWN. Paper only.
Hynix KR PREOPEN → 09:00. Wed cash 000660 ₩1,863,000 (+1.25%) O/H/L 1,899k/1,900k/1,836k · vol 2,947,714. Mon NXT/premarket over ₩1,837,000 (−1.34%) (not cash). Samsung Wed ₩286,500 (+3.62%) / premarket over ₩286,000 (+0.18%). KOSPI Wed 7,080.92 (+0.90%). SKHY Fri $191.56 (+2.78%); prem vs Wed KRX/FX 1,356 ≈ +39.43%. Solidigm IPO tape in weekend wires. No NEW 000660 DART. Do not treat Yahoo as a Mon gap.
HYROX Warsaw registration announced (not open): opens 14 Oct 2026 12:00 CET / 18:00 HKT; race 7–11 Apr 2027. Official “Sale starts soon”. Outlook: no newer Warsaw OPEN mail. ping_needed=false.
DART · material KR
Last scan 2026-09-28 16:06 KST · age-window keep ≥2026-09-23 15:40 KST · 16 cards
₩150bn funding-support guarantee for M-Park SPC (17% equity / ~43% mcap) — affiliate liquidity path TBD
2026-09-28 16:00 KST: Dongwha Enterprise (동화기업, 025900, KOSDAQ) filed a decision on debt guarantee for others (타인에대한채무보증결정). Debtor: Park DB First Co., Ltd. (파크디비제일차 주식회사) — relationship: none (SPC set up for this loan ABL/securitization). Creditor: DB Securities Co., Ltd. (디비증권). Debt (borrowed) amount: ₩150,000,000,000 (=₩150.0bn / 1,500억). Guarantee amount: ₩150,000,000,000 (=₩150.0bn) — funding-support (자금보충) obligation; on default, conditional assumption of SPC loan principal/interest to lenders. Equity on the form (2025 YE consolidated): ₩880,173,716,773 (=₩880.17bn) → guarantee/equity 17.04%. Large-corporation filer: yes. Guarantee period: 2026-09-30 → 2028-09-30 (may move with amortization). Total guarantee balance: ₩612,386,171,400 (=₩612.39bn). Board / decision date: 2026-09-28 (1 outside director present; auditor present). Notes: loan funds Park-DB-First so it can on-lend to affiliate M-Park (엠파크); M-Park proceeds are intended as Dongwha parent liquidity, but method/size not yet decided; FX for foreign guarantees uses Hana first mid on 2026-09-28; debtor is new SPC so summary financials blank. rcpNo 20260928900439 / dcmNo 11592343 confirmed on DART HTML viewer (동화기업 matches). Live at enrich (Naver 025900 @2026-09-28 ~16:06 KST, after cash close): close ₩6,870 (+140 / +2.08% vs prev ₩6,730); open ₩6,850; high ₩7,040 (+4.61%); low ₩6,650; vol 110,315; mcap ≈ ₩3,473억 (₩347.3bn); guarantee/mcap ≈ 43.2%. After-hours over ≈ ₩6,900 (+2.53%).
What: After the cash close Dongwha Enterprise approved a ₩150bn (=17% of YE2025 equity / ~43% of ~₩347bn mcap) funding-support guarantee so SPC Park DB First can finance affiliate M-Park, with proceeds notionally earmarked for Dongwha parent liquidity (structure/size still unset), lifting total guarantees to ₩612bn. Why mixed: Credit/guarantee stamps are stronger than backlog, and a path to parent liquidity is real — but this is contingent funding-support plus conditional debt assumption on a related-party loop, not new booked cash. Why 1-3%: Face/mcap is large (EcoPlastic/Namkwang class), yet contingent ≠ same-session cash hole; cut the band vs a clean equity raise. Why p≈25%: After-close so overnight is the product; tape only +2.1%/high +4.6% leaves most of a 1-3% band unused, haircut for shrug-risk on affiliate guarantee optics.
₩337.8bn nitric-acid offtake to Indonesia BKP (30% sales / ~47% mcap) — supply 2029–2039; zero advance; secrecy-held until today
2026-09-28 15:51 KST: TKG Huchems (티케이지휴켐스, 069260, KOSPI) filed a single sales·supply contract (단일판매ㆍ공급계약체결). Type: other sales·supply / nitric acid supply contract (질산 공급계약 체결). Contract amount: ₩337,824,000,000 (=₩337.8bn / 3,378.2억). Recent sales (YE2025 consolidated): ₩1,127,691,137,096 (=₩1,127.69bn) → 30.0% of sales. Large-corporation filer: no. Counterparty: blank on form ("-"); relation "-". Supply region: Indonesia. Contract period: 2029-03-31 → 2039-03-30. Advance/down payment: none (무). Payment: against shipping docs under L/C. Contract/award date: 2026-09-23. Disclosure reserved for business secrecy until 2029-03-31. Notes: face = 10y planned volume (180kt/year) × Aug-2026 feedstock prices at Hana first mid ₩1,360.0/USD on 2026-09-23; period anchors to commercial ops start of PT. BATUTA KIMIA PERDANA (BKP) ammonium-nitrate plant in Kalimantan (expected supply start 2029-03-31); volume/price may change with counterparty offtake, feedstock and FX. rcpNo 20260928800375 / dcmNo 11592318 confirmed on DART HTML viewer (티케이지휴켐스 matches). Live at enrich (Naver 069260 @2026-09-28 ~16:06 KST, after cash close): close ₩17,740 (+1,540 / +9.51% vs prev ₩16,200); open ₩16,170; high ₩19,310 (+19.20%); low ₩16,120; vol 294,926; mcap ≈ ₩7,203억 (₩720.3bn); face/mcap ≈ 46.9%. After-hours over ≈ ₩17,760 (+9.63%).
What: After the cash close TKG Huchems disclosed a ₩337.8bn (=30% of YE2025 sales / ~47% of ~₩720bn mcap) nitric-acid offtake for BKP’s Kalimantan ammonium-nitrate plant, sized off 180kt/y × Aug-2026 feedstock, running 31 Mar 2029 → 30 Mar 2039, with zero advance and L/C payment — board dated 23 Sep and held under secrecy until today. Why up: Named multi-year chemical offtake into a new regional AN train is real volume visibility the tape can capitalize, not an affiliate restatement. Why 1-3%: Face clears every size bar, but first cash is ~2.5y out with no down payment — HMM/long-duration class, not an 8%+ near-term fuel print (sales % ≠ price band). Why p≈20%: After-close so overnight→09:00 is the product, but same-day cash already +9.5%/high +19.2% before the stamp (leak-or-unrelated) cuts unused leftover hard.
₩16.5bn 100% buy of Green Pack (cosmetics PE-tube maker) — ~78% of mcap / ~41% equity; deposit today, ₩12.5bn cash by 28 Oct, ₩4bn earnout
2026-09-28 15:42 KST: Digi.I (디지아이, 043360, KOSDAQ) filed a material report — decision to acquire shares/equity of another corporation (타법인주식및출자증권양수결정). Target: Green Pack Co., Ltd. (그린팩); nationality Korea; CEO Cheon Hyo-man (천효만); capital ₩700,000,000; issued shares 70,000; main business: cosmetics plastic/tube molding equipment manufacture. Relation on form: largest shareholder (of target). No 3rd-party new-share buy in prior 6 months. Acquire: 70,000 shares (100%) for ₩16,500,000,000 (=₩16.5bn / 165억). Digi.I total assets (YE2025 K-IFRS): ₩43,764,106,692 → face/assets 37.70%. Digi.I equity: ₩40,303,244,481 → face/equity 40.94%. Post-deal ownership: 70,000 shares / 100.00%. Purpose: enter cosmetics PE-tube manufacturing via control. Share-transfer scheduled date: 2026-09-28. Sellers: Cheon Hyo-man 60,300 sh / ₩14,936,250,000; Lee Myeong-ju (이명주) 9,500 / ₩1,530,000,000; Cheon A-reum (천아름) 200 / ₩33,750,000. Payment (cash): (1) deposit ₩1,250,000,000 on 2026-09-28; (2) balance ₩11,250,000,000 on 2026-10-28; (3) deferred ₩4,000,000,000 to Cheon Hyo-man only, payable 2027–2031 the day after a clean audit confirms year sales/EBITDA hurdles (2027: sales ≥₩23.0bn & EBITDA ≥₩3.0bn; then 25/3, 27/3, 28/3, 30/3) — shortfalls reduce the earnout. Funding: own cash and bank borrowings. External fairness opinion: Hanmi Accounting (2026-08-24→09-23); DCF equity value ₩14,203m–₩18,706m; deal ₩16,500m inside range — not found unfair. Board 2026-09-28 (0 outside directors; auditor attended). FTC filing: yes. No put option. No reverse-merger plan. Target summary financials (₩m): H1-2026 assets 16,511 / equity 2,639 / sales 9,548 / NI 857 (accounting diligence); prior year sales 14,994 / NI 801 with qualified audit (한정) by Taeil. rcpNo 20260928000226 / dcmNo 11592297 confirmed on DART HTML viewer (디지아이 matches). Live at enrich (Naver 043360 @2026-09-28 ~15:48 KST, cash closed): ₩2,340 (−10 / −0.43% vs prev ₩2,350); open ₩2,350; high ₩2,350; low ₩2,245; vol 15,095; mcap ≈ ₩211억 (₩21.1bn); face/mcap ≈ 78.2%; Digi YE2025 sales ≈ ₩213억 (₩21.3bn) → face/sales ≈ 77%.
What: After the cash close Digi.I (043360) board-approved buying 100% of Green Pack (cosmetics PE-tube maker) for ₩16.5bn (= ~78% of ~₩21.1bn mcap / ~41% of YE2025 equity / ~77% of Digi YE2025 sales), with ₩1.25bn deposit today, ₩11.25bn on 28 Oct, and ₩4bn contingent 2027–2031 earnout; share transfer dated 28 Sep; funded by cash+bank debt; Hanmi DCF ₩14.2–18.7bn brackets the price. Why mixed: Real control + new vertical at a fairness-bracketed price, but transformative cash/debt outlay vs a still-lossy Digi balance sheet, target prior qualified audit, and multi-year earnout — not a clean bullish order print. Why 8%+: Face ≫ mcap on a ₩21bn / 15k-ADV name is overnight shock class, not mid-single-digit. Why p≈40%: After-close with tape unused (−0.43%) so next open is the window; haircut for funding/earnout/Silla ignore-risk on debt-funded microcap M&A.
₩8.61bn Jeonbuk fire-education modular-dorm supply (14.5% sales / ~7.8% mcap) — Jeonbuk Public Procurement Service; delivery to 25 Jul 2027; Aug-14 preferred bidder signed
2026-09-28 15:11 KST: NRB, Inc. (엔알비, 475230, KOSDAQ) filed a single sales·supply contract (단일판매ㆍ공급계약체결). Content: manufacture and install of precast-concrete (PC) modular dormitory for a fire-education campus (소방교육대 모듈러 생활관 제작·설치 구매 계약). Conditional contract: no. Confirmed contract amount: ₩8,610,000,000 (=₩8.61bn / 86.1억); conditional amount: -; total ₩8,610,000,000 (excl. VAT per notes). Recent sales (YE2025 consolidated): ₩59,481,544,678 (=₩59.48bn) → 14.48% of sales. Counterparty: Jeonbuk Regional Public Procurement Service (전북지방조달청); relationship "-"; no same-type contracts in prior 3y. Supply region: Jangsu-gun, Jeonbuk (장수군 계남면). Contract period: 2026-09-28 → 2027-07-25. Advance/down payment: none currently (무); payment: lump-sum (대지급); may apply for advance within 70% of contract amount if statutory advance-eligible. Production: in-house (자체생산). Contract/award date: 2026-09-28. Notes: factory-made PC modular dorm modules transported and installed on site; amount/terms may change with design changes. Related prior disclosure: 2026-08-14 preferred-negotiator selection for the same project. rcpNo 20260928900299 / dcmNo 11592148 confirmed on DART HTML viewer (엔알비 matches). Live at enrich (Naver 475230 @2026-09-28 15:20 KST): ₩10,100 (-80 / -0.79% vs prev ₩10,180); open ₩10,180; high ₩10,980 (+7.86%); low ₩9,900; vol 108,583; shares 10,898,683; mcap ≈ ₩1,101억 (₩110.1bn); face/mcap ≈ 7.82%.
What: At 15:11 KST NRB, Inc. (475230) disclosed a signed supply/install contract for PC modular dormitories at a Jeonbuk fire-education campus with the Jeonbuk Regional Public Procurement Service — ₩8.61bn excl. VAT (=14.48% of YE2025 consol sales / ~7.8% of ~₩110bn mcap), delivery 28 Sep 2026 → 25 Jul 2027, in-house production, no advance yet but may apply for up to 70% if statute-eligible; Aug-14 preferred-negotiator filing already flagged this project. Why up: Named public procurement CP + signed modular order is real backlog, not a rumor or affiliate pipeline restatement — and it is ~2.9× this morning's ₩3.02bn Daegu classroom keep. Why 1-3%: Face clears every sales bar and is ~7.8% of mcap, but construction/no-advance + multi-month progress-bill haircut applies — refuse 3-8%/8%+. Why p≈18%: Live near-flat into the close while the session high already printed +8% and the preferred bidder was known since mid-August; product is overnight confirmation, not a mid-session clip.
Open-market treasury buyback ₩1.0bn (~4.8% of prev-close mcap / ~4.8% of shares) — Samsung Securities; buy 29 Sep–28 Dec 2026; no cancel (hold-after)
2026-09-28 14:56 KST: Clean & Science (크린앤사이언스, 045520, KOSDAQ) filed a material report — decision to acquire treasury shares. Planned: 313,479 common for ₩1,000,000,000 (=₩1.0bn / 10억), sized off the 2026-09-23 close ₩3,190. Period: 2026-09-29 to 2026-12-28. Method: KOSDAQ open-market direct buy via Samsung Securities. Purpose: share-price stability and shareholder value. No cancel plan; hold-after blank (statutory ≥6-month disposal lock after final buy). Shares outstanding: 6,500,000. Pre-deal treasury: 544,862 common (8.38%). Daily order cap: 31,347. Legal buyback capacity remaining ~₩3.90bn. Board 2026-09-28 (outside director 0 attend / 1 absent; auditor attended). rcpNo 20260928000182 / dcmNo 11592109 confirmed on DART HTML viewer (크린앤사이언스 matches). Live at enrich (Naver 045520): ₩3,380 (+190 / +5.96% vs prev ₩3,190); open ₩3,190; high ₩3,580 (+12.23%); low ₩3,190; vol 58,472; mcap ≈ ₩219.7bn (prev-close mcap ≈ ₩207.3bn); buy/prev-mcap ≈ 4.82%; planned shares/OS ≈ 4.82%.
What: At 14:56 KST Clean & Science (045520) board-approved an open-market treasury buyback of ₩1.0bn (10억) / 313,479 shares (~4.8% of 6.5m shares / ~4.8% of ~₩20.7bn prev-close mcap) via Samsung Securities from 29 Sep to 28 Dec 2026, for price stability — no cancel, hold-after only (already holds 544,862 / 8.38% treasury). Why up: Fresh cash bid into the book is bullish price support. Why 1-3%: Size vs mcap/shares clears mid-single digits on paper, but no-cancel hold-after is not float-destroying cancel-bound — stay 1-3%. Why p≈15%: Live +6.0%/high +12.2% already ate the band; leftover is thin close/buy-window start, not clean unused alpha.
Cancel-bound treasury buyback trust ₩10.0bn (~4.0% of prev-close mcap / ~4.0% of shares) — Korea Investment; buy 29 Sep 2026–29 Mar 2027; cancel new + existing 254k
2026-09-28 14:50 KST: Chips&Media (칩스앤미디어, 094360, KOSDAQ) filed a material report — decision to enter a new treasury-stock acquisition trust. Contract amount: ₩10,000,000,000 (=₩10.0bn / 100억). Period: 2026-09-29 to 2027-03-29. Trustee/broker: Korea Investment & Securities. Purpose: shareholder return and corporate-value enhancement via treasury acquisition. Board resolved 2026-09-28; contract signing scheduled 2026-09-29. Planned shares at board-day-prior close (2026-09-23): 858,369 common @ ₩11,650. Shares outstanding: 21,355,274. Pre-deal treasury: 254,443 common (1.19%). Explicit cancel plan: ALL shares acquired under this trust PLUS the existing 254,443 treasury to be cancelled in a batch after trust termination/exit (until cancel). Legal buyback capacity ~₩49.93bn. rcpNo 20260928000175 / dcmNo 11592087 confirmed on DART HTML viewer (칩스앤미디어 matches). Live at enrich (Daum A094360): ₩12,490 (+840 / +7.21% vs prev ₩11,650); open ₩11,960; high ₩12,640 (+8.50%); low ₩11,640; vol 215,411; mcap ≈ ₩266.7bn (prev-close mcap ≈ ₩248.8bn); trust/prev-mcap ≈ 4.02%; planned shares/OS ≈ 4.02%; new+existing cancel path ≈ 5.21% of OS.
What: At 14:50 KST Chips&Media (094360) board-approved a new Korea Investment treasury buyback trust for ₩10.0bn (100억), running 29 Sep 2026–29 Mar 2027 (~858k shares at the ₩11,650 Sep-23 close, ~4.0% of 21.36m shares / ~4.0% of ~₩249bn prev-close mcap), and said it will cancel all trust-acquired shares plus the existing 254,443 treasury (1.19%) after the trust ends. Why up: Fresh cash bid plus cancel-bound language is float tightening and shareholder return, not a hold-after blank. Why 3-8%: Size clears mid-single digits vs mcap/shares, but cancel is post-trust not a dated already-held cancel — refuse 8%+. Why p≈20%: Live +7.2%/high +8.5% already ate most of the band; leftover is thin close/overnight, not clean unused alpha.
FY2026 cash dividend plan ₩5.0bn (~11.4% of prev-close mcap / ≈₩458 per share) — Dec-31 record; EGM Dec-2 for capital-surplus→RE
2026-09-28 13:43 KST: Actoz Soft (액토즈소프트, 052790, KOSDAQ) filed an ad-hoc fair disclosure (수시공시의무관련사항(공정공시)) on its FY2026 (31st fiscal year) year-end cash dividend plan. Dividend type: year-end / cash. Eligible shares: 10,924,547 (= listed share count). Expected total dividend: ₩5,000,000,000 (=₩5.0bn / 50억) → ≈₩457.7 per share. Record date: 2026-12-31. Company also plans an EGM on 2026-12-02 to transfer part of capital surplus into retained earnings to create tax-free dividend capacity for the FY2026 payout. Source: IR/PR team; disclosed to investors/press/analysts after this fair disclosure. Notes: plan is based on current management plan/financials and may change with business or market conditions; execution still needs statutory/AOA procedures. rcpNo 20260928900203 / dcmNo 11591867 confirmed on DART HTML viewer (액토즈소프트 matches). Live at enrich (Daum A052790 @13:48 KST): ₩4,830 (+830 / +20.75% vs prev ₩4,000); open ₩4,000; high ₩4,965 (+24.13%); low ₩3,985; vol 213,138; shares 10,924,547; mcap ≈ ₩52.77bn (prev-close mcap ≈ ₩43.70bn); dividend/prev-mcap ≈ 11.44%; dividend/live-mcap ≈ 9.48%.
What: At 13:43 KST Actoz Soft (052790) fair-disclosed a FY2026 year-end cash dividend plan totaling ₩5.0bn on 10,924,547 shares (≈₩458/sh; ~11.4% of ~₩43.7bn prev-close mcap), record date 31 Dec 2026, with an EGM planned 2 Dec 2026 to move capital surplus into retained earnings for tax-free dividend capacity; plan may change with conditions. Why up: Cash yield sized at ~11% of mcap is a real shareholder-return event on a thin KOSDAQ name; the surplus→RE step unlocks capacity, it does not dilute. Why 8%+: Face/mcap ~11% clears shock class — refuse cutting to 3-8% when the tape already printed high +24%. Why p≈12%: Live +21%/high +24% within minutes of the stamp so the band is spent; leftover is autopsy/don't-chase.
Already-held treasury cancel 2.71m sh / ₩69.0bn (~10.2% float / ~9.9% mcap) — dated Oct-12; KRX halt 12:25–12:55
2026-09-28 12:25 KST: SNT Motive (SNT모티브, 064960, KOSPI) filed a decision on stock cancellation (주식소각결정). Shares to cancel: common 2,706,000; preferred none. Issued shares (pre-cancel): common 26,540,272 (=10.20% of issued to be retired); preferred none. Par ₩5,000. Cancellation amount: ₩69,003,000,000 (=₩69.003bn / 690.03억) — form notes this is the prior-business-day close mark. Acquisition period for cancel: blank (already held). Method: already-held treasury (기취득 자기주식). Scheduled cancel date: 2026-10-12 (may slip with admin). Broker: none. Board: 2026-09-28 (1 outside director present / 0 absent; auditor present). Fair-trade filing: N/A. Notes: Commercial Act Art. 343(1) board cancel of already-held treasury — issued share count falls but capital stock does not; post-cancel issued expected 23,834,272; this filing substitutes for a separate treasury-disposal disclosure. Companion halt filing rcpNo 20260928800166 (dcmNo 11591651): KRX trading halt 2026-09-28 12:25 → resume 12:55 for "stock cancel ≥10%" (KOSPI Disclosure Reg. Art. 40). Parent SNT Holdings (036530) re-filed the same subsidiary cancel as a major-matter echo at 12:27 (rcpNo 20260928800167) — not a second cancel at the parent. rcpNo 20260928800164 / dcmNo 11591653 confirmed on DART HTML viewer (SNT모티브 matches). Live at enrich (Daum A064960 last print @12:24 KST, pre-halt): ₩26,300 (+800 / +3.14% vs prev ₩25,500); open ₩25,650; high ₩26,300 (+3.14%); low ₩25,500; vol 20,113; shares 26,540,272; mcap ≈ ₩698.01bn; face/mcap ≈ 9.89%; float shrink 10.20%.
What: At 12:25 KST SNT Motive (064960) resolved under Commercial Act Art. 343(1) to cancel 2,706,000 already-held treasury common shares (=10.20% of 26.54m issued; post-cancel 23.83m) marked at ₩69.003bn (= prior close mark; ~9.9% of ~₩698bn mcap), scheduled 12 Oct 2026; KRX halted trading 12:25–12:55 for stock cancel ≥10%; parent SNT Holdings echoed the subsidiary matter at 12:27 (not a second cancel). Why up: Dated permanent float shrink of already-held treasury is real tightening, and the ≥10% halt flags auction-size materiality. Why 8%+: ~10.2% float / ~9.9% mcap with an official halt clears KTis/KIE 8%+ class — refuse cutting to the parent's 3-8% stamp. Why p≈32%: Trade is the 12:55 resume; pre-halt +3.14% and the earlier parent cancel haircut unused leftover; resume can still gap either way.
Already-held treasury cancel 1.41m sh / ₩64.1bn (~8.6% float / ~8.3% mcap) — dated Oct-12
2026-09-28 12:03 KST: SNT Holdings (SNT홀딩스, 036530, KOSPI) filed a decision on stock cancellation (주식소각결정). Shares to cancel: common 1,407,820; preferred none. Issued shares (pre-cancel): common 16,303,886 (=8.63% of issued to be retired); preferred none. Par ₩500. Cancellation amount: ₩64,055,810,000 (=₩64.06bn / 640.56억) — form notes this is the prior-business-day close mark (₩45,500 × 1,407,820). Acquisition period for cancel: blank (already held). Method: already-held treasury (기취득 자기주식). Scheduled cancel date: 2026-10-12 (may slip with admin). Broker: none. Board: 2026-09-28 (1 outside director present / 0 absent; auditor present). Fair-trade filing: N/A. Notes: Commercial Act Art. 343(1) board cancel of already-held treasury — issued share count falls but capital stock does not; post-cancel issued expected 14,896,066; this filing substitutes for a separate treasury-disposal disclosure and completes the treasury disposal plan. rcpNo 20260928800163 / dcmNo 11591677 confirmed on DART HTML viewer (SNT홀딩스 matches). Live at enrich (Daum A036530 @~12:07 KST): ₩47,500 (+2,000 / +4.40% vs prev ₩45,500); open ₩45,600; high ₩48,050 (+5.60%); low ₩45,250; vol 12,048; shares 16,303,886; mcap ≈ ₩774.43bn; face/mcap ≈ 8.27%; float shrink 8.63%.
What: At 12:03 KST SNT Holdings (036530) resolved under Commercial Act Art. 343(1) to cancel 1,407,820 already-held treasury common shares (=8.63% of 16.30m issued; post-cancel 14.90m) marked at ₩64.06bn (= prior close ₩45,500; ~8.3% of ~₩774bn mcap), scheduled 12 Oct 2026; issued count falls, capital stock does not; filing substitutes for a separate treasury-disposal disclosure. Why up: Dated permanent float shrink of already-held treasury is real tightening, not an ESOP recycle or affiliate restatement. Why 3-8%: ~8.6% float / ~8.3% mcap is mid-band material on a ₩774bn KOSPI holding co — refuse 8%+ (not micro ADV / no new cash) and refuse 1-3% (too large a permanent cancel). Why p≈22%: Live already +4.4%/high +5.6% four minutes after the stamp so the lower half of 3-8% is spent; leftover is unused upper / don't-chase.
₩53.1bn semiconductor inspection-equipment supply to YILING TRADING (104.7% sales / ~28% mcap) — China, through May'27
2026-09-28 11:36 KST: Future Industry (미래산업, 025560, KOSPI) filed a single sales·supply contract (단일판매ㆍ공급계약체결). Type: other sales·supply. Contract name: semiconductor inspection equipment supply contract (반도체 검사 장비 공급 계약). Contract amount: ₩53,074,160,000 (=₩53.07bn / 530.74억). Recent sales (YE2025 consolidated): ₩50,777,866,585 (=₩50.78bn) → 104.72% of sales. Large-corporation filer: no (미해당). Counterparty: YILING TRADING; relationship "-". Supply region: China. Contract period: 2026-09-28 → 2027-05-30. Advance/down payment field: none (무). Payment terms: 70% before shipment, 30% after final approval. Contract/award date: 2026-09-28. Notes: total face = USD 39,330,000 (export, excl. VAT); amount/period may change by negotiation; KRW conversion at Seoul FX mid ₩1,352.00/USD on 2026-09-28; YE2025 consol sales under K-IFRS. rcpNo 20260928800156 / dcmNo 11591637 confirmed on DART HTML viewer (미래산업 matches). Live at enrich (Naver 025560 @~11:43 KST): ₩6,910 (+390 / +5.98% vs prev ₩6,520); open ₩6,560; high ₩7,650 (+17.33%); low ₩6,340; vol ≈662,893; shares 27,778,678; mcap ≈ ₩1,919.5억 (₩192.0bn); face/mcap ≈ 27.6%.
What: At 11:36 KST Future Industry (025560) disclosed a signed semiconductor inspection-equipment supply contract with YILING TRADING for China — ₩53.07bn (=USD 39.33m at ₩1,352/USD; 104.7% of YE2025 consol sales / ~28% of ~₩192bn mcap), delivery 28 Sep 2026 → 30 May 2027, 70% paid before shipment / 30% after final approval; form advance checkbox blank; contract dated today. Why up: Named export CP + signed equipment PO >1× annual sales is real near-term backlog, not affiliate restatement. Why 8%+: Face is ~28% of mcap and >100% of sales with 70% pre-ship cash inside ~8 months — size and cash timing clear 8%+ (high already +17%). Why p≈16%: Live ~+6%/high +17% shortly after the stamp so the band is spent; usable window was the first minutes after DART, not after enrich.
₩148.2bn Trafigura VLCC time charter (2.73% sales / ~4.9% mcap) — Dec'26–Dec'29
2026-09-28 11:15 KST: Pan Ocean (팬오션, 028670, KOSPI) filed a single sales·supply contract (단일판매ㆍ공급계약체결). Type: other sales·supply / long-term time charter (장기대선계약). Contract amount: ₩148,179,200,000 (=₩148.18bn / 1,481.8억). Recent sales (YE2025 consolidated): ₩5,432,888,225,674 (=₩5,432.89bn) → 2.73% of sales. Large-corporation filer: yes. Counterparty: Trafigura Maritime Logistics Pte Ltd.; relationship "-". Supply region: Middle East, Asia and worldwide. Contract period: 2026-12-01 → 2029-12-01. Advance/down payment: none (무). Payment: monthly prepaid hire. Subject: 1 VLCC; charter tenor minimum 36 months to maximum 39 months. Contract/award date: 2026-09-23. Notes: face = USD 109.6m of daily hire × min 36 months, converted at Hana Bank first mid ₩1,352.00/USD on 2026-09-28; amount may change with FX and actual tenor (up to 39 months); start is after prior charter ends. rcpNo 20260928800130 / dcmNo 11591620 confirmed on DART HTML viewer (팬오션 matches). Live at enrich (Daum A028670 @~11:19 KST): ₩5,680 (+80 / +1.43% vs prev ₩5,600); open ₩5,600; high ₩5,810 (+3.75%); low ₩5,570; vol ≈945,882; shares 534,569,512; mcap ≈ ₩3,036bn (₩3.036tn); face/mcap ≈ 4.88%.
What: At 11:15 KST Pan Ocean (028670) disclosed a signed long-term time charter of 1 VLCC to Trafigura Maritime Logistics — ₩148.18bn (=USD 109.6m at ₩1,352/USD; 2.73% of YE2025 consol sales / ~4.9% of ~₩3.04tn mcap), hire Dec 2026 → Dec 2029 (min 36 / max 39 months), monthly prepaid, no advance; contract dated 23 Sep. Why up: Named global trading-house CP + signed VLCC TC is real multi-year commercial backlog, not an affiliate pipeline restatement. Why 1-3%: Face clears the large-corp sales disclosure bar and is ~5% of mcap, but cash dribbles monthly from Dec 2026 with no lump down payment on a liquid ₩3tn name — refuse 3-8%/8%+. Why p≈20%: Live already +1.4%/high +3.8% four minutes after the stamp so the 1-3% band is largely spent; holiday filing lag (signed 23 Sep) also cuts surprise.
₩3.02bn Daegu modular-classroom supply (5.1% sales / ~2.7% mcap) — education-office CP
2026-09-28 10:36 KST: NRB, Inc. (엔알비, 475230, KOSDAQ) filed a voluntary single sales·supply contract (단일판매ㆍ공급계약체결(자율공시)). Content: purchase and install of precast-concrete (PC) modular classrooms for Daegu Suchang Elementary School (대구수창초등학교 콘크리트 모듈러 구매 설치). Conditional contract: no. Confirmed contract amount: ₩3,021,000,000 (=₩3.021bn / 30.21억); conditional amount: -; total ₩3,021,000,000 (excl. VAT per notes). Recent sales (YE2025 consolidated): ₩59,481,544,678 (=₩59.48bn) → 5.08% of sales. Counterparty: Daegu Metropolitan Office of Education / Daegu Eastern District Office of Education (대구광역시교육청 대구광역시동부교육지원청); relationship "-"; no same-type contracts in prior 3y. Supply region: Jung-gu, Daegu (Suchang-dong 73). Contract period: 2026-09-28 → 2027-03-31. Advance/down payment: none currently (무); payment: lump-sum contract, direct pay; may apply for advance within 70% of contract amount after signing if statutory advance-eligible. Production: in-house (자체생산). Contract/award date: 2026-09-28. Notes: site-install delivery of factory-made modular classroom modules; amount/period may change by negotiation. rcpNo 20260928900109 / dcmNo 11591556 confirmed on DART HTML viewer (엔알비 matches). Live at enrich (Naver 475230 @~10:42 KST): ₩10,200 (+20 / +0.20% vs prev ₩10,180); open ₩10,180; high ₩10,980 (+7.86%); low ₩9,980; vol 54,561; shares 10,898,683; mcap ≈ ₩1,112억 (₩111.2bn); face/mcap ≈ 2.72%.
What: At 10:36 KST NRB, Inc. (475230) disclosed a voluntary signed supply/install contract for PC modular classrooms at Daegu Suchang Elementary with the Daegu Metropolitan / Eastern District education offices — ₩3.021bn excl. VAT (=5.08% of YE2025 consol sales / ~2.7% of ~₩111bn mcap), delivery 28 Sep 2026 → 31 Mar 2027, in-house production, no advance yet but may apply for up to 70% if statute-eligible. Why up: Named public education-office CP + signed short-horizon modular order is real backlog, not a rumor or affiliate pipeline restatement. Why 1-3%: Face clears the 5% sales disclosure bar but is only ~2.7% of mcap and cash advance is not locked — sales% ≠ price band; refuse 3-8%/8%+. Why p≈22%: Live ~flat six minutes after the stamp so a small band is still unused; haircut because the session high already printed +7.9% and the contract is mcap-small.
Unfaithful-disclosure designation NOTICE — delayed bankruptcy app + dismissal (Jul-31 → disclosed Sep-22)
2026-09-23 16:43 KST: Daeyang Metal (대양금속, 009190, KOSPI) received a KRX unfaithful-disclosure corporation designation NOTICE (불성실공시법인지정예고). Type: disclosure non-compliance (공시불이행). Content: delayed disclosure of a bankruptcy application dated 2026-07-31 (disclosed only 2026-09-22) and delayed disclosure of the dismissal of that bankruptcy application also dated 2026-07-31 (disclosed 2026-09-22). Notice date 2026-09-23. Trailing 1y cumulative penalty points: 0. Basis: KOSPI Market Disclosure Regulation Art. 33. Notes: issuer may object by 2026-10-07; concrete designation/penalty will be re-disclosed when fixed; if resulting penalty points ≥10, listing-eligibility substantive review may be triggered (KOSPI Listing Reg. Art. 48). Related filings: 2026-09-22 bankruptcy application + dismissal. rcpNo 20260923800684 / dcmNo 11591309 confirmed on DART HTML viewer (대양금속 matches). Live at enrich (Daum A009190 after cash close): ₩972 (−159 / −14.1% vs prev ₩1,131); high ₩1,047; low ₩802; vol 3.59m; mcap ≈ ₩427.5억 (₩42.75bn).
After the close, KRX put Daeyang Metal on unfaithful-disclosure designation notice for sitting on a Jul-31 bankruptcy application and its same-day dismissal until Sep-22. Down 3-8%: listing/governance second shoe on a ₩43bn name that already dumped −14% today on the bankruptcy pair; still a notice with an Oct-7 objection window (not final designation / not automatic ≥10-point review). After-close leftover only; tape already spent a large distress print → p≈30%.
₩29.1bn 1y loan to Ainsfac (10.5% equity / ~11% mcap) — same-day ₩20bn raise pay-in companion
2026-09-23 15:54 KST: Aprogen Biologics (에이프로젠바이오로직스, 003060, KOSPI) filed a decision on a monetary loan (금전대여결정). Borrower: Ainsfac Co., Ltd. (아인스팩); relationship field blank "-". Loan amount: ₩29,100,000,000 (=₩29.1bn / 291억). Equity on the form (2025 YE consolidated): ₩277,566,948,359 (=₩277.57bn) → loan/equity 10.5%. Rate 4.6%. Term: 2026-09-28 → 2027-09-27 (may prepay/extend). Purpose: "strategic capital deployment for financial-structure improvement." Total loan balance after: ₩29.1bn. Board: 2026-09-23 (1 outside director present; auditor present). Collateral (notes): LP stakes in a new-tech investment partnership contributed by Ainsfac, plus Ainsfac controlling-shareholder equity. Borrower YE2025 summary: assets ₩13.113bn / equity ₩2.944bn / sales ₩23.646bn / NI ₩0.923bn — equity is ~10× smaller than the loan face. Same evening voluntary result filing 20260923800575 confirms the Sep-3 third-party placement paid in today: 12,706,481 shares / ₩20,000,001,094 (=₩20.0bn). Parent Aprogen (007460) re-filed the same loan as a subsidiary major-matter notice (rcp 20260923800573) — not a second loan. rcpNo 20260923800503 / dcmNo 11591104 confirmed on DART HTML viewer (Aprogen Biologics / 에이프로젠바이오로직스 matches). Live at enrich (Daum A003060 @~15:58 KST, after cash close): ₩1,639 (+38 / +2.37% vs prev ₩1,601); high ₩1,680 (+4.93%); vol 109,004; mcap ≈ ₩2,665억 (₩266.5bn); loan/mcap ≈ 10.9%.
What: After the cash close — and on the same day its ₩20.0bn third-party placement paid in — Aprogen Biologics resolved to lend ₩29.1bn (10.5% of YE2025 consol equity / ~11% of the ~₩266bn mcap) to unrelated Ainsfac Co. at 4.6% for one year from 28 Sep, secured by Ainsfac fund LP stakes and controlling-shareholder equity. Why mixed: real cash leaves the listed balance sheet into a borrower whose own equity is only ₩2.9bn — governance/credit deployment of raise proceeds, not an earnings event. Why 1-3% (not 3-8%/8%+): size is disclosure-material vs equity/mcap, but the instrument is a collateralized loan with a 1-year tenor beside an already-telegraphed raise — not a same-day cash-hole. Why p≈24%: after-close stamp; tape closed only +2.4%, so a modest overnight credit grind is unused; haircut for opaque-but-secured structure.
₩21.0bn control SPA at ₩7,200/sh (39.96% block) to Jay's Commerce — 65% premium to close
2026-09-23 15:47 KST: K3I (케이쓰리아이, 431190, KOSDAQ) filed a stock transfer agreement accompanying a change of largest shareholder (최대주주변경을수반하는주식양수도계약체결). Sellers: Lee Jae-young (이재영) 2,800,027 sh (37.40%) + three related parties (이서보/서흥덕/이현석) — prior largest shareholder and specials. Buyers: Jay's Commerce Co. (제이스커머스) 2,083,334 sh (27.83%) + Galaxy No.1 Investment Partnership (갤럭시1호투자조합) 833,333 sh (11.13%). Block: 2,916,667 shares (=39.96% of 7,486,442 issued) at ₩7,200/sh; total consideration ₩21,000,000,000 (=₩21.0bn / 210억). Payment: 10% deposit ₩2.1bn on 2026-09-23; 90% balance ₩18.9bn by 2026-11-26. New largest shareholder: Jay's Commerce (27.83%) effective 2026-11-26. Control: buyers to seat directors at a subsequent EGM; articles change to add business purposes on buyer request. No lock-up on transferred shares. Jay's Commerce (e-commerce; founded May 2018; CEO/max holder Kim Jin-ho 40%): YE2025 assets ₩5.836bn / equity ₩1.561bn / sales ₩6.869bn / NI ₩0.184bn. Seller Lee Jae-young falls from 45.00% to 7.60%. rcpNo 20260923900518 / dcmNo 11591076 confirmed on DART HTML viewer (K3I / 케이쓰리아이 matches). Live at enrich (Daum A431190 @~15:58 KST, after cash close): ₩4,360 (+510 / +13.25% vs prev ₩3,850); high ₩4,860 (+26.23%); vol ≈1.09m; mcap ≈ ₩326억 (₩32.64bn); deal price ₩7,200 = +65.1% premium to close / +87.0% vs prev; face/mcap ≈ 64.3%.
What: After the cash close, K3I's prior largest shareholder group agreed to sell 2,916,667 shares (39.96% of 7.49m issued) for ₩21.0bn at ₩7,200/sh to Jay's Commerce (27.83%, new largest) and Galaxy No.1 Investment Partnership (11.13%), with 10% down today and 90% by 26 Nov, plus buyer-designated directors at a follow-on EGM. Why mixed: real control transfer at a 65% premium to the ₩4,360 close, but the buyer is a ₩1.56bn-equity e-commerce vehicle — control-flip / shell path (Artist Studio / Nexa class), not a named strategic industrial bid. Why 8%+: face is ~64% of the ~₩33bn mcap and the deal price is far above tape — overnight gap class is 8%+ volatility, not a 3-8% grind. Why p≈28%: after-close stamp so the product is next open; same-day tape already +13%/+26% high before DART cuts unused leftover.
₩52.0bn SPC ABL guarantee to Hana (14.5% equity / ~63% mcap) — own-receivables financing
2026-09-23 15:40 KST: EcoPlastic (에코플라스틱, 038110, KOSDAQ) filed a decision on debt guarantee for others (타인에대한채무보증결정). Debtor: Heungguk On Enterprise No.8 EcoPlastic LLC (흥국온기업제8호에코플라스틱 유한회사) — relationship: subsidiary. Creditor: Hana Bank. Debt (borrowed) amount: ₩40,000,000,000 (=₩40.0bn / 400억). Guarantee amount: ₩52,000,000,000 (=₩52.0bn / 520억) — 130% of the loan principal per the facility. Equity on the form (2025 YE consolidated): ₩359,728,114,713 (=₩359.73bn) → guarantee/equity 14.5%. Large-corporation filer: yes. Guarantee period: 2026-09-30 start → 2029-09-30 end (may change at contract). Total guarantee balance: ₩474,059,000,000 (=₩474.06bn). Board / decision date: 2026-09-23 (outside directors 0 present / 1 absent; auditor absent). Notes: parent joint-guarantees the SPC so it can borrow from Hana to acquire the Class-1 beneficiary interest issued under EcoPlastic’s monetary-claim trust with Industrial Bank of Korea (SME bank) — an asset-backed loan (ABL) for investment and working capital; KRW figures use Seoul FX mid ₩1,360.00/USD on 2026-09-23; debtor is a new SPC so summary financials are blank. rcpNo 20260923900502 / dcmNo 11591031 confirmed on DART HTML viewer (EcoPlastic / 에코플라스틱 matches). Live at enrich (Naver 038110 @~15:40 KST, cash just closed): ₩1,990 (+6 / +0.30% vs prev ₩1,984); open ₩1,987; high ₩2,030 (+2.32%); low ₩1,971; volume 170,079; shares 41,169,370; mcap ≈ ₩819억 (₩81.93bn); guarantee/mcap ≈ 63.5%; Naver BPS ≈ ₩9,352 → ~0.21× book.
What: After the cash close, EcoPlastic resolved to jointly guarantee ₩52.0bn (130% of a ₩40.0bn Hana loan) for subsidiary SPC Heungguk On Enterprise No.8 EcoPlastic LLC so the SPC can fund purchase of Class-1 beneficiary rights under EcoPlastic’s IBK monetary-claim trust — an ABL for investment and working capital running into Sep 2029 (14.5% of YE2025 consol equity / ~63% of the ~₩82bn mcap; total guarantee book ₩474bn). Why mixed: contingent parent guarantee is a credit/leverage stamp, but the structure finances EcoPlastic’s own receivables via an ABL SPC — ops funding shoe, not a third-party bailout. Why 1-3% (not 3-8%/8%+): Namkwang rule cuts contingent guarantees well below face/mcap; deep discount to book inflates the mcap ratio; existing ₩474bn guarantee book already prices leverage. Why p≈22%: 15:40 KST is after cash close — overnight/NXT leftover only; cash finished +0.3%/high +2.3%, so same-session alpha is gone and overnight is a modest credit grind.
Asia news
Age-cut Mon backlog Fri 25 → Mon 28 · n=8 · first KRX cash after Chuseok. JSON: asia-news.json.
MiniMax quietly ships coding-only M3.1-Flash-Preview as China AI models flood market
Sun 27 Sep: MiniMax confirmed M3.1-Flash-Preview live inside MiniMax Code (coding assistant) with no model card, benchmarks, or public API price; product-gated preview after developers spotted it a day earlier.
Why it matters: Hard rank-a China AI name print — keeps MiniMax in the ship-often/price-low race vs DeepSeek/Kimi/Zhipu/Alibaba Qwen; supportive HK/China AI beta into Mon, not a KR cash earnings catalyst.
DeepSeek reports $1B run rate; pursues ~$7.45B round and possible Shanghai STAR IPO
Sun 27 Sep secondary write-up citing Reuters: DeepSeek reportedly above $1B annualized revenue run rate, seeking ~$7.45B financing at ~¥500tn (~$75B) valuation, and preparing possible Shanghai STAR listing; Liang said >70% compute still on training.
Why it matters: Hard rank-a DeepSeek financing/IPO narrative — constructive China frontier-lab capital tape for HK AI sleeve; Reuters primary was 401 this pull so treat as secondary-sourced until wire confirmed.
GlobalFoundries sees ‘strong’ demand for Chinese optical modules amid data-centre boom
Sun 27 Sep 20:00 HKT SCMP: GlobalFoundries photonics SVP says Chinese optical-networking module demand is “strong”; firm expanding China presence to serve domestic optical-module makers tied to high-performance data centres.
Why it matters: Soft-hard China AI infra / optical supply-chain color — supportive HSI AI/data-centre beta and NVDA-China adjacency; not a direct 000660/005930 earnings print.
Hong Kong delays AI copyright law to focus on guidelines first
Sun 27 Sep 16:00 HKT: HK authorities delaying Copyright (Amendment) Bill 2025 (opt-out text/data-mining for AI training) and will issue operational guidelines first; bill left Legco agenda and did not reappear in 2026 blueprint.
Why it matters: Soft HK AI-policy color — near-term regulatory pause favors AI builders vs rights holders; governance/compliance tape for HK AI names, not a same-session chip print.
SK hynix’s Solidigm weighs IPO that could value unit at up to $150 billion
Fri 25 Sep 17:00 UTC (~01:00 Sat HKT): Reuters exclusive via Korea Times — Solidigm (SK hynix NAND/SSD US sub) held bank bake-off for possible 2027 IPO valuing unit up to $150bn / ~$15bn raise; plans early-stage. Yonhap Mon market-view ties SKHY Fri +2.78% to the report.
Why it matters: Hard constructive 000660/SKHY sum-of-parts / AI-storage narrative into Mon cash reopen — largest potential US semi listing color; still rumor/sources, company declined comment.
Samsung, SK hynix to unveil next-gen memory-computing chips at MICRO 2026
Fri 25 Sep 06:00 KST: Both will present AI-inference memory-computing tech at MICRO 2026 (Athens, Oct 31–Nov 4) — SK hynix/KAIST NELSSA (GPU + processing-near-memory); Samsung AMMA HBM-centric multi-chiplet architecture with UCSD/Yonsei/Nvidia researchers.
Why it matters: Soft constructive HBM/near-memory roadmap color for 000660/005930 — tech-PR into Mon reopen, not a same-day volume/earnings catalyst.
Biz sentiment for Q4 improves on robust semiconductor, cosmetics exports
Sun 27 Sep: KCCI BSI for 2,413 manufacturers rose to 86 (+6 q/q) for Oct–Dec; semiconductor sector BSI hit 139 — highest since survey began, fourth straight quarter above 100 — on robust chip/cosmetics exports.
Why it matters: Soft constructive Korea semi/export sentiment into Mon first cash after Chuseok — supports KOSPI chip-beta narrative; still <100 overall BSI so not broad risk-on.
Market volatility eyed for Samsung and SK Hynix as KOSPI reopens after Chuseok
Sat 26 Sep Aju (+ Yonhap Mon market-view): KRX reopens Mon 28 09:00 KST after Chuseok; Wed refs Samsung ₩285,500 (+3.25%), Hynix ~₩1.86m, KOSPI 7,080.92; Fri SOX +1.41% / SKHY +2.78% on Solidigm IPO talk; watch foreign flows, rates/oil, Micron Wed.
Why it matters: Session setup for 000660/005930/KOSPI Mon open — holiday gap risk both ways after pre-holiday chip rally and mixed US rates/oil tape.
SK Hynix map
Korea line
000660 / SKHYNIX / xyz:SKHX
KR PREOPEN Mon 28 → cash 09:00 KST. Wed last cash ₩1,863,000 (+23k / +1.25%; O/H/L 1,899k / 1,900k / 1,836k; vol 2,947,714) — Naver. Mon NXT/premarket over ₩1,837,000 (-1.34%) — indication only, not cash. Samsung Wed ₩286,500 (+3.62%); premarket over ₩286,000 (+0.18%). KOSPI Wed 7,080.92 (+0.90%). Flows Wed: For −636k / Inst +123k / Ind −101k; FO ~50.06%. KIND/DART: no NEW 000660. data.krx shorts UNKNOWN. HL xyz:SKHX 1356.8.
ADR / FX / prem
SKHY / xyz:SKHY
SKHY Fri RTH $191.56 (+2.78%) vs Thu $186.37 (O/H/L 189.36 / 192.83 / 187.80; vol ~13.7M). Won Naver Hana 1,356.0 (−0.22%). Cross-session prem (Fri ADR vs Wed KRX parity) ≈ +39.43%. Weekend wire: Solidigm IPO bake-off up to ~$150bn (Korea Times/Reuters) — SKHY tape color. Do not treat as a Mon gap. Paper Seoul vs Wed: NO. HL xyz:SKHY 191.17; BN GEO-BLOCKED.
Best paper arb idea (Mon reopen): 09:00 auction vs premarket soft (−1.3% over) while ADR prem still ~+39% and Solidigm IPO narrative bid overnight. Watch HL xyz:SKHY↔Fri ADR tightness + foreign flow at the open. Micron 30 Sep calendar. Research/paper only. Field: /workspace/desk-site/_pack/20260928-am/.
BN vs HL (Korea pair)
Live marks refreshed 28 Sep 2026 08:09 HKT / 28 Sep 2026 09:09 KST. BN fapi GEO-BLOCKED — BN−HL mark bp UNKNOWN. ADR/KRX cross-session prem ~+39.43%. Research/paper only.
HL xyz dex OK: xyz:SKHY mark 191.17 / fund -2.96e-05. xyz:SKHX mark 1356.8 / fund 6.11e-05. Rates move; paper only.
BN: fapi SKHYUSDT/SKHYNIXUSDT restricted-location (451). No BN marks this fire.
Paper only. No fills. No live bots. Caveat: without BN, spread/arb watch is HL↔ADR only.
US / AJ
Standing board only. Outlook connected; Sat Featured paywalled — no new board rows. X: Tesla Europe ATL + BYD (caution↑); TSMC 2nm / NVDA-China / QCOM–Samsung 2nm = semi color. Fri SKHY $191.56 on Solidigm IPO talk.
| Ticker | Follow | Note |
|---|---|---|
| AVGO | Y | Live. Standing Y. Unchanged. |
| NIO | Y caution | China concentration. Unchanged. |
| EOS | Y avoid | Still avoid. |
| NVDA | Y | Live / HC. China ~$13bn sales option + TSMC 2nm pull-forward — confirmation color. |
| MRVL | Y | Unchanged. |
| MU | Y | Micron earnings 30 Sep is the week’s memory calendar. |
| XPEV | Y | Standing Y. Fri X9 award PRIOR. |
| META | booked | Muse normie breakout (Citrini) = color only. |
| AMD | Y | TSMC 2nm demand color. |
| LITE | Y | Standing Y (17 Sep). Paper until memo body checked. |
| ORCL | Y | Wait sleeve. Unchanged. |
| PLTR / AAPL | N / event | Unchanged. |
| EOSE | avoid | AJ red flags |
| TSLA | caution | Europe share ATL + BYD volume beat despite tariffs — caution↑↑. |
| SPCX | watch | Watch, not a Y. |
| RIVN | N | Skip. |
| DELL | watch title | Not a Y. |
| INTC | color | Still not an AJ Y. |
28 Sep 2026 07:50 HKT / 28 Sep 2026 08:50 KST. No brand-new Y ticker. Paper.
Korea / KRX
PREOPEN → OPEN 09:00 KST — Mon 28 Sep 2026, first cash after Chuseok. Attractive list EMPTY besides Hynix desk. Wed cash: KOSPI 7,080.92 (+0.90%); 000660 ₩1,863,000 (+1.25%); 005930 ₩286,500 (+3.62%). Premarket over 000660 ₩1,837,000 (−1.34%) / 005930 ₩286,000 (+0.18%). Won 1,356. SKHY Fri $191.56; prem ≈ +39.43%. Solidigm IPO + semi BSI 139 weekend color. No 000660 DART keep. data.krx missing.
DART live pack: NEW Digi.I 043360 mixed 8%+/p≈40% @15:42 Green Pack ₩16.5bn 100% buy (~78% mcap / ~41% equity, live -0.4% after-close); NRB 475230 up 1-3%/p≈18%; Clean & Science 045520 up 1-3%/p≈15%; Chips&Media 094360 up 3-8%/p≈20%; Actoz Soft 052790 up 8%+/p≈12%; SNT Motive / SNT Holdings / Future Industry / Pan Ocean; Chuseok leftovers.
X · priority
2026-09-28 22:00 HKT / 2026-09-28 23:00 KST · Home unavailable. Sentiment mixed, medium. Evening since 13:46 HKT: n_new=6. Showing NEW + key PRIOR (aft/AM demoted).
Samsung Electro-Mechanics (009150) to invest ₩4.27tn (~$4.4bn / 43.6% equity) in FC-BGA package-substrate capacity through May 2028; Vietnam sub factory expansion ₩2.51tn.
Implication: Constructive SEMCO/advanced packaging tape — pairs with afternoon MLCC tightness; KR components capacity build still the evening lead.
NVIDIA: Anthropic’s reported contracted value exceeds $180bn.
Implication: Large constructive NVDA AI-demand/backlog signal into US hours — reinforces foundry/HBM pull (TSM/000660 complex) alongside afternoon SKHY Japan fab.
$TSM affiliate VIS inaugurated Singapore advanced chip plant (sold out); power/analog/auto-industrial; also supports TSMC interposers; second fab eyed.
Implication: Soft constructive TSM ecosystem / specialty-foundry capacity (legacy+interposer) — not HBM core but supports AI packaging chain.
Meta launching Meta Enterprise Platform as next major AI business pillar (superintelligence framing).
Implication: META AI monetization narrative — constructive optionality on Y-list META; execution/spend vs margin still open.
AJ: Xpeng FSD already looks better than Tesla FSD v12.5; Xpeng could reach today’s Tesla FSD level in <2 years if pace holds.
Implication: Adds to TSLA caution stack (with EU share ATL PRIOR) — FSD competitive gap vs China OEM narrative.
Xinhua Amsterdam road test: XPENG and Tesla intelligent driving both smooth on canals/trams/bikes ($XPEV).
Implication: Mixed EV ADAS tape — XPEV visibility; not a clean TSLA negative on its own (pairs with FSD pace post above).
PRIOR (aft): Korean media — SK Hynix begun foundation work for Japan fab ($SKHY).
Implication: 000660/SKHY capacity narrative still intact into Tue KR open.
PRIOR (aft): MLCC supply situation worsening.
Implication: Pairs with evening SEMCO FC-BGA capex — components tightness/build theme.
PRIOR (aft): banks/stablecoins; QNT +158% on Clearing House Quant pick.
Implication: Fintech/stablecoin-infra — not KR memory core.
PRIOR (AM): TSMC 2nm bookings up 10–20%; wafer capacity pull-forward to ~120k/mo by YE26.
Implication: Still lead constructive TSM/AI foundry signal; pairs with evening VIS Singapore fab.
PRIOR (AM): ~$13bn potential NVDA AI-chip revenue from China sales (policy-sensitive).
Implication: China optionality; evening Anthropic $180bn contracted value is the clearer US-hours NVDA demand print.
PRIOR (AM): LPDDR4X tightness forcing Samsung LPDDR5 into low-end phones.
Implication: Memory squeeze narrative intact for 005930/000660.
PRIOR (AM): bank-run scare less likely than grind lower NIMs.
Implication: Rates→credit/NIM frame unchanged.
PRIOR (AM): TSLA EU EV share back near ATL as EU EV market booms.
Implication: Pairs with evening Xpeng FSD pace — TSLA caution stack thickening.
PRIOR (AM): QCOM evaluating Samsung 2nm foundry alongside TSMC.
Implication: Soft constructive Samsung Foundry (005930).
X · tape
Method: evening GraphQL UserTweets (cookie auth, qid qJy3MbaNndtzxf9IqUzxMg); HomeLatest unresolved. Cutoff for NEW: after 2026-09-28 13:46 HKT. Priority: @alojoh @citrini @zephyr_z9 @jukan05 @BowTiedBull. priority_scrape.cutoff now 2026-09-28 22:00 HKT.