Asia news tape
Monday age cut: Fri 23 + weekend + Mon 26 · n=8 (a 3 / b 4 / c 1) · refreshed 2026-10-26 07:50 HKT / 2026-10-26 08:50 KST. Rank a = China AI / HK; b = SK hynix/Samsung/KOSPI/HSI; c = other macro.
Session context: Mon 26 Oct pre-open (~07:50 HKT / 08:50 KST): KRX cash opens 09:00 KST. Fri 23 cash: KOSPI 5,550.30 (+0.30%), Samsung ₩215,500 (+0.47%), 000660 ₩1,277,000 (+4.42%); Yonhap FX 15:30 1,324.6. SKHY Fri RTH $137.02. HK Fri: HSI 23,093.37 (+0.69%); HSTECH 3,871.66 (+2.05%); Zhipu 499.00 (+8.29%); MiniMax 187.60 (+16.74%). Do not invent Mon gap from Yahoo prev-close.
rank aYahoo 0100.HK · Caixin (Thu tape) · HK wires · 2026-10-23 close
MiniMax-W 0100.HK +16.74% to HK$187.60 — rebound above IPO after Thu smash
Yahoo official Fri close: MiniMax-W (0100.HK) HK$187.60 (+16.74% vs Thu 160.70; range 155.20–191.70; vol ~24.4m). Caixin Thu wire had flagged MiniMax below IPO amid AI pricing competition / product gap; Fri bounce reclaims offer-area optics. HK AI tape firmed with HSTECH.
Implication: a-rank China AI / HK: violent Thu→Fri mean-revert on MiniMax after below-IPO print — constructive for HK China-AI optics into Mon, still idiosyncratic vs Seoul cash.
finance.yahoo.com/quote/0100.HK/
rank aYahoo 2513.HK · HK AI wires · 2026-10-23 close
Zhipu 2513.HK +8.29% to HK$499.00 — China AI names rebound with MiniMax
Yahoo official Fri close: Zhipu (02513) HK$499.00 (+8.29% vs Thu 460.80; range 444.60–501.00; vol ~15.3m). Same-session HK AI rebound as MiniMax +16.7% / HSTECH +2.05%.
Implication: a-rank with MiniMax: HK China-AI beta bounced Fri after Thu wash. Soft constructive into Mon HSTECH — not a Korea same-session print.
finance.yahoo.com/quote/2513.HK/
rank aCaixin Global · 2026-10-23
Caixin: China’s smartphones get pricier as AI strains chip supply
Caixin In Depth (23 Oct): smartphone ASPs rising as AI features strain chip supply — China device-side AI hardware cost colour into weekend.
Implication: a-rank China AI hardware: ASP/cost pressure narrative supportive of tight advanced-chip demand read; soft adjacency for memory/logic pricing into Mon.
www.caixinglobal.com/2026-10-23/in-depth-chinas-smartphones-get-pricier-
rank bYonhap EN · 2026-10-23 15:36 KST
KOSPI +0.30% to 5,550.30 — bargain hunt after Thu −3.52% smash
Yonhap EN Fri: KOSPI +16.53 / +0.30% to 5,550.30 after opening −2.36%; retail turned net buyers after early selling. US overnight mixed (Nasdaq −2.6%). Won 1,324.6 /USD at 15:30 (+0.4 vs prior close).
Implication: Core b-rank: partial Friday bounce, not full Thu recovery. Watch Mon open follow-through vs Jukan $12B special-div media colour. Paper only.
en.yna.co.kr/view/AEN20261023006400320
rank bYonhap EN · KOSPI 200 list · 2026-10-23 close
Samsung ₩215,500 (+0.47%) / SK hynix ₩1,277,000 (+4.42%) — Solidigm stop bounce
Yonhap/KOSPI200 Fri official: Samsung ₩215,500 (+0.47%); SK hynix ₩1,277,000 (+54,000 / +4.42%) vs Thu ₩1,223,000. Bounce after Fri pre-open Solidigm Pre-IPO stop DART; Korean wires cite overhang relief. Do NOT invent Mon gap from Yahoo prev-close.
Implication: Chip beta partial reverse of Thu smash. Hynix desk: Fri official ₩1,277,000 is last cash into Mon. Weekend Jukan $12B special-div = media only (not DART). Paper only.
en.yna.co.kr/view/AEN20261023007400320
rank bYahoo ^HSI · HK Standard / wires · 2026-10-23 close
HSI +0.69% to 23,093.37; HSTECH +2.05% to 3,871.66
Yahoo Fri: Hang Seng 23,093.37 (+0.69% / +158.67 vs Thu 22,934.68). HK wires: Hang Seng TECH +2.05% to 3,871.66 after Thu −5.03% smash. Turnover ~HK$250bn.
Implication: Seoul + HK both bounced Fri after Thu risk-off — Asia tone less smashed into Mon open. b-rank.
finance.yahoo.com/quote/%5EHSI/
rank bMoneyToday EN · 2026-10-25
Solidigm IPO halt — shareholder protection vs funding-capacity dilemma
MoneyToday EN (25 Oct): SK hynix Solidigm Pre-IPO/IPO review stop crystallises duplicate-listing politics vs US NAND funding-path loss; cites National Assembly audit pressure and regulator duplicate-listing history.
Implication: b-rank Hynix/NAND weekend colour on already-known Fri DART MIXED keep — reinforces overhang-kill vs growth-capital two-way. Not a fresh Mon DART stamp.
www.mt.co.kr/en/stock/2026/10/25/2026102514593855645
rank cCaixin Global · 2026-10-23 / 24
Caixin week-ahead: Fed decision week; China fiscal revenue slips
Caixin (23–24 Oct): Week Ahead Oct 26–Nov 1 flags Fed rate decision + German President China visit; separate piece notes China’s fiscal revenue slip as land-sale slump deepens.
Implication: c-rank macro calendar into Mon–Fri: Fed week + China fiscal soft colour — backdrop not a single-name cash print.
www.caixinglobal.com/2026-10-23/the-week-ahead-oct-26nov-1-german-presid
Gaps: Yonhap EN economy index/RSS 404 — used Yonhap EN article URLs (AEN202610230064/074) + MoneyToday EN + Caixin + Yahoo closes. HKET EN not fetched usable; SCMP large page / skip deep paywall pull. KED Global korean-market 404 this pass. Finance MCP needsAuth — Korea attractive EMPTY (no invented Markets promotion). @alojohhardcore unread (protected; no browser). Home/Following unavailable (no computerUse). Naver dealTrend/program/shorts JSON blocked — Hynix Fri flows from Korean wires (inst buy / foreign sell colour) not share-count sourced. HSTECH Yahoo chart endpoint 404 — close 3,871.66 from HK wires + Standard. BN next funding 08:00 HKT may print after ~07:48 snap.
X · priority
2026-10-26 07:50 HKT / 2026-10-26 08:50 KST · priority authors (@alojoh @citrini @zephyr_z9 @jukan05 @BowTiedBull) · NEW since Fri eve ~2026-10-23 21:51 HKT: n_new=18 (parent X MCP). Fri-pack NEW → PRIOR. Sentiment mixed / medium. Home unavailable. Hardcore unread.
mixed@jukan05 · 2026-10-26 07:30 HKT · NEW
Jukan: Daishin: CSPs/AI labs shelved lower-stack HBM (4-high/6-high) for low-end inference; 8-high again the path.
Implication: MIXED/UP HBM stack mix — demand consolidating on 8-high vs prior low-stack inference ask. Soft for low-stack narrative; constructive for Hynix/Samsung HBM product mix into Mon open.
x.com/jukan05/status/2114499959563370930
up@jukan05 · 2026-10-26 06:48 HKT · NEW
Jukan: TW media: iPhone Duo sold out launch day; Apple asks suppliers +30% orders.
Implication: UP Apple supply-chain / memory adjacency colour into Mon — constructive for KR/TW component names if order bump sticks. Paper only.
x.com/jukan05/status/2114489196501192739
up@jukan05 · 2026-10-26 06:21 HKT · NEW
Jukan: SK HYNIX PLANS $12B SPECIAL DIVIDEND = 80% of gains from Kioxia stake sale — local KR media.
Implication: UP 000660 capital-return colour into Mon open (media not DART). Complements Oct 28 IR / buyback-cancel narrative. Confirm via KIND/DART before sizing — not a filing stamp yet.
x.com/jukan05/status/2114482386914415096
mixed@jukan05 · 2026-10-25 22:17 HKT · NEW
Jukan: Cybersecurity stocks caught up with semis on YTD performance.
Implication: MIXED rotation colour — cyber catching AI/semis YTD after JP cyber surge + Quest hack week. Soft crowded AI beta optics.
x.com/jukan05/status/2114360604215673239
up@jukan05 · 2026-10-25 20:29 HKT · NEW
Jukan: Dylan Patel: Anthropic already building custom chip, aiming half the time OpenAI took.
Implication: UP custom-ASIC / foundry adjacency colour — more AI silicon buyers beyond NVDA stack. Not Korea cash same-session.
x.com/jukan05/status/2114333487201440066
up@jukan05 · 2026-10-25 13:42 HKT · NEW
Jukan: TW server maker asked CXMT for DDR5; CXMT declined to sell — rebuttal to rock-bottom dump narrative.
Implication: UP KR memory pricing/discipline colour vs CXMT dump fears — constructive for Samsung/Hynix ASP narrative into Mon.
x.com/jukan05/status/2114231027262759400
mixed@jukan05 · 2026-10-25 10:43 HKT · NEW
Jukan: KR retail net ~$300m into 14 single-stock leveraged products on Samsung + SK hynix Oct 1–.
Implication: MIXED KR retail leverage rebuild after Thu smash — fuel for bounce OR forced-unwind risk on another down day.
x.com/jukan05/status/2114186093784694964
up@jukan05 · 2026-10-25 09:20 HKT · NEW
Jukan: KR media: Exynos 2700 beat Qualcomm latest in Samsung internal tests.
Implication: UP Samsung mobile AP / Exynos colour — soft for QCOM adjacency; constructive 005930 narrative if confirmed.
x.com/jukan05/status/2114165051343180092
mixed@jukan05 · 2026-10-24 12:30 HKT · NEW
Jukan: zartbotF on DeepSeek open-sourcing ‘money-printing machine’ — 80% GM via org design.
Implication: MIXED China OSS model competitive colour — continues DeepSeek cost/margin narrative into HK AI names.
x.com/jukan05/status/2113850503256039664
up@jukan05 · 2026-10-24 07:07 HKT · NEW
Jukan: TW media: Intel/AMD/NVDA combined $5B advance payments to TW substrate makers (Intel $3B, AMD/NVDA $1B each).
Implication: UP substrate / ABF supply-chain colour — advance-pay lock-in vs capacity tightness. Complements SEMCO/Nittobo GF thread.
x.com/jukan05/status/2113769187114090509
down@zephyr_z9 · 2026-10-25 05:25 HKT · NEW
Zephyr: We are going to see a lot of consolidation next year. Most of them will not survive. (re neo-lab GPU-capacity resell model)
Implication: DOWN neo-lab / AI-infra funding colour — consolidation + survival filter into 2027. Soft for pure-play AI raise names.
x.com/zephyr_z9/status/2114106143341678710
mixed@zephyr_z9 · 2026-10-25 07:40 HKT · NEW
Zephyr: Moonshot will release Kimi K3.1 Cyber soon via Fireworks/Modal/Baseten.
Implication: MIXED China OSS / cyber-capability colour — continues K3.1 Pro narrative; soft closed-inference moat optics.
x.com/zephyr_z9/status/2114140095372779869
down@alojoh · 2026-10-25 23:09 HKT · NEW
AJ: Why did Elon use that $1B to buy back TSLA? (quotes CNN/CBS parent stake colour)
Implication: TSLA Caution reinforced — capital-allocation / narrative-control colour. Standing Caution only.
x.com/alojoh/status/2114373747113349245
down@alojoh · 2026-10-25 16:31 HKT · NEW
AJ: Waymo as real robotaxi leader by fully self-driving fleet count (vs Elon FSD narrative).
Implication: TSLA Caution — Waymo lead on deployed robotaxi units undercuts FSD/robotaxi monopoly narrative.
x.com/alojoh/status/2114273725457809708
down@alojoh · 2026-10-24 10:59 HKT · NEW
AJ: Robotaxi competition heats up → crowded, rock-bottom prices, massive cash burn like EVs; unlikely globally massive subsidies.
Implication: TSLA Caution — robotaxi unit-econ bear case (cash burn + no mega-subsidy). No Avoid upgrade on public X.
x.com/alojoh/status/2113827777325539779
down@BowTiedBull · 2026-10-26 04:57 HKT · NEW
BowTiedBull: Quotes Elon: debt markets shut for AI-datacenter-only cos; even good cos 8–9%+ debt.
Implication: DOWN AI-infra funding / CoreWeave-class credit colour into Mon — soft for levered AI DC names.
x.com/BowTiedBull/status/2114461423447470528
mixed@citrini · 2026-10-25 11:49 HKT · NEW
Citrini: Pronounced divide: AI-side scaling believers vs biology-side on what AI can do in bio.
Implication: MIXED AI×bio narrative — continues Citrini Therapeutics / scorpion-antivenom thread. Soft single-name; theme colour only.
x.com/citrini/status/2114202754239344687
down@trending · 2026-10-23 ~21:40 HKT · PRIOR
PRIOR (Fri): X trend: Credo Technology stock drops sharply after competitor comments.
Implication: DOWN CRDO / AI connectivity optics colour — soft for optical/transceiver adjacency after Thu AI smash. Complements AAOI weakness colour. Paper only.
x.com/search?q=Credo%20Technology
down@trending · 2026-10-23 ~21:40 HKT · PRIOR
PRIOR (Fri): X trend / GS colour: hedge funds pile into record short positions on global stocks (shorts outpace longs ~5:1).
Implication: DOWN risk positioning colour — crowded short / delever narrative after AI rout. Squeeze risk if rebound. Paper only.
x.com/i/trending/2113279730132844614
down@schaeffers · 2026-10-23 ~21:20 HKT · PRIOR
PRIOR (Fri): Schaeffers: Mid East tensions push WTI >$101; tech extending sell-off; 10y Treasury ~4.97%.
Implication: DOWN US risk / duration colour into Fri US session — oil spike + rates firm under AI-doubt tape. Soft beta. Paper only.
x.com/schaeffers
down@schaeffers · 2026-10-23 ~21:20 HKT · PRIOR
PRIOR (Fri): Schaeffers: $MRNA −3.7% pre-bell after partial data leak on Merck co-developed cancer-vaccine trial.
Implication: DOWN MRNA / MRK adjacency colour — idiosyncratic biotech, not AJ sleeve. Paper only.
x.com/schaeffers
down@alojoh · 2026-10-23 19:29 HKT · PRIOR
PRIOR (Fri): AJ quotes Elon: 'if you have geofenced areas, you don't have real self driving' — right from the horse's mouth (vs robotaxi geofence walk-back colour).
Implication: TSLA Caution reinforced — FSD/robotaxi Level-5 credibility colour into Fri US hours. Standing Caution only; no Avoid on public X. Paper only.
x.com/alojoh/status/2113593664073073063
mixed@alojoh · 2026-10-23 19:14 HKT · PRIOR
PRIOR (Fri): AJ: Is Meta a good investment at $644? Full HC research report (Meta Post Q3 2026 Investment Memo) now available to HC members.
Implication: MIXED/UP colour for META (standing Y) — public teaser only; no portal scrape; no sleeve invent from title. Complements Thu Asia Meta FCF/CapEx-doubt tape. Paper only.
x.com/alojoh/status/2113589919784267855
up@jukan05 · 2026-10-23 18:05 HKT · PRIOR
PRIOR (Fri): Jukan: Taiwanese substrate execs still claim Nittobo hates Samsung so SEMCO can't expand GF capacity — laughs it off as outdated.
Implication: UP SEMCO (009150) glass-fiber / ABF expand colour — pushes back on JP GF supply-block narrative after morning Unitika +30% GF. Complements Thu SEMCO ABF advances. Paper only.
x.com/jukan05/status/2113572442182758841
mixed@zephyr_z9 · 2026-10-23 17:55 HKT · PRIOR
PRIOR (Fri): Zephyr RT: Kimi K3.1 Pro tech blog briefly appeared — calling it 'Pro'.
Implication: MIXED China OSS model competitive colour — continues K3.1 / open-model cost narrative. Soft closed-inference moat optics.
x.com/zephyr_z9/status/2113569877508366481
up@ECONOMYINQUIRY · 2026-10-23 17:08 HKT · PRIOR
PRIOR (Fri): NVIDIA + SPIL (ASE): optical-engine capacity in Taiwan → 15× by mid-2027, ~30× by end-2028 for CPO / AI network optics.
Implication: UP ASE / SPIL optical-engine + NVDA CPO supply-chain colour — constructive AI packaging/optics adjacency vs Thu AI-doubt smash. Not Korea cash. Paper only.
x.com/ECONOMYINQUIRY/status/2113558292874359082
mixed@zephyr_z9 · 2026-10-23 16:46 HKT · PRIOR
PRIOR (Fri): Zephyr: huge surge in cyberattacks against Japanese companies and websites (Capcom account-leak follow-on colour).
Implication: MIXED JP cyber / spend narrative — continues Fri morn Quest/hack-model thread. Soft for cyber defensive optics; not a single-name cash print.
x.com/zephyr_z9/status/2113552552856096967
up@ECONOMYINQUIRY · 2026-10-23 13:40 HKT · PRIOR
PRIOR (Fri aft): SK hynix Oct 28 earnings may reshape shareholder returns; completed ₩40tn buyback Oct 21 early; plans cancel ~24.07m shares (~3.3%); aims >50% return.
Implication: UP Hynix (000660) capital-return / Oct 28 preview. Complements morning Solidigm Pre-IPO stop. Paper only.
x.com/ECONOMYINQUIRY/status/2113505918172422419
down@Reuters · 2026-10-23 13:23 HKT · PRIOR
PRIOR (Fri aft): S&P 500 and Nasdaq ended sharply lower as revived AI doubts hit tech.
Implication: DOWN US equity / AI-beta colour — Home tape risk-off into Fri US close. Soft for crowded AI names. Paper only.
x.com/Reuters/status/2113500677473198545
Dropped: alojoh Elon cult / virtue-signaling / Starlink ToS culture-war stack — skip culture; keep Waymo/robotaxi/$1B buyback as TSLA Caution; alojoh Rubio / Hill RT / one-word LoL — skip; citrini AI-bio RT-only / guest-investigator RT — keep main divide essay only; zephyr_z9 micro-drama / Fable hype / RT hardware-vuln — skip; jukan05 birthday GM / image-only replies — skip; BowTiedBull lifestyle / dating / W-2 vs owner / overtraining — skip culture/personal; keep AI-DC debt shut; @alojohhardcore unread (protected); Home/Following unavailable (no computerUse). Pruned from feed (pre-Fri): 0 ids.
DART · material KR
Last-updated 2026-10-26 11:22 KST (Asia/Seoul) · KEEP×8: Jeju Bank 006220 UP 1-3% · Ilsung Construction 013360 UP 1-3% · EuBiologics 206650 UP 1-3% · Tomato System 393210 UP 3-8% · IPARK Hyundai Development 294870 UP 1-3% · GI Tech 382480 UP 1-3% · SK Hynix 000660 MIXED 1-3% · Senko 347000 UP 1-3%
Age window ≥ 2026-10-23 15:40 KST · 8 keeps · last scan 2026-10-26 11:22 KST · tip 20261026800183@11:17 · ping_needed=true (Jeju Bank + Ilsung → DART bot)
up 1-3%Jeju Bank 006220 · KOSPI · 2026-10-26 11:17 KST · p≈32%
Q3 consol prelim OP ₩6.373bn (+30.6% YoY / +27.5% QoQ) · sales ₩104.7bn (+10.1% YoY)
Mon 26 Oct 11:17 KST: Jeju Bank prints consol Q3 prelim with OP ₩6.373bn up 30.6% YoY and 27.5% QoQ on sales ₩104.7bn (+10.1% YoY / flat QoQ), and 9M OP already +48% YoY — a clean sequential and YoY operating beat, not a one-off NI story. UP: operating leverage on a regional bank mid-cap (~₩312bn) with both YoY and QoQ OP expanding. 1-3%: liquid-ish KOSPI bank; earnings surprise is real but banks rarely clear a mid-band on one print — refuse 3-8%. p≈32%: live ~-0.72% near unchanged minutes after stamp, so most of the 1-3% band is still unused same-session leftover.
Why magnitude: Clean Q3 OP +31% YoY / +28% QoQ on a ~₩0.31tn KOSPI regional bank → 1-3%; refuse 3-8% on bank liquidity/compression. · Why probability: Live ~-0.72% near flat shortly after stamp → ~32% unused same-session leftover of the 1-3% band.
DART
up 1-3%Ilsung Construction 013360 · KOSPI · 2026-10-26 11:14 KST · p≈12%
Hwarang housing small rebuild Guro ₩54.678bn (~12.1% sales / ~77% mcap) · zero advance · 27mo progress-bill
Mon 26 Oct 11:14 KST: Ilsung wins the Hwarang Guro small rebuild as contractor at ₩54.678bn ex-VAT (~12.1% of 2025 consol sales / ~77% of ~₩71.4bn mcap) with zero advance and a ~27-month progress-bill clock from groundbreaking. UP: new named Seoul housing award adds backlog on a thin builder — not an affiliate echo. 1-3%: sales%≠band and face/mcap trap — construction + zero advance + multi-year drip (IPARK/Seohan class) refuses 3-8%/8%+ despite huge face/mcap. p≈12%: live already ~+2.48% has largely printed the 1-3% band — don’t-chase; leftover is fade/overnight residual only.
Why magnitude: ~12% sales / ~77% mcap rebuild award but zero advance + 27mo progress-bill → 1-3%; refuse face/mcap 8%+. · Why probability: Live ~+2.48% already at/through the 1-3% band → ~12% don’t-chase leftover only.
DART
up 1-3%EuBiologics 206650 · KOSDAQ · 2026-10-26 10:42 KST · p≈22%
UNICEF Mozambique Euvichol-S oral cholera vaccine ₩10.461bn (~7.0% sales / ~3.9% mcap) · zero advance · pay ≤30d
Mon 26 Oct 10:42 KST: EuBiologics books a UNICEF Mozambique purchase order for oral cholera vaccine Euvichol-S at ₩10.461bn ex-VAT (~7.0% of 2025 separate sales / ~3.9% of ~₩268bn mcap) through 31 Jan 2027, with no advance but cash due within 30 days after documents — and the filing flags same-type UNICEF work in the last 3 years. UP: named global-agency offtake on a short (~3-month) delivery clock with near-term receivable, not an affiliate restatement. 1-3%: sales%≠band; ~3.9% mcap clears a small move but refuses 3-8% on size and zero advance. p≈22%: live still ~+0.6% near unchanged ~10 min after stamp, so most of the 1-3% band is unused same-session leftover.
Why magnitude: ~7.0% sales / ~3.9% mcap short-cycle UNICEF PO with zero advance → 1-3%; sales%≠band, refuse 3-8%. · Why probability: Live ~+0.6% near flat shortly after stamp → ~22% unused same-session leftover of the 1-3% band.
DART
up 3-8%Tomato System 393210 · KOSDAQ · 2026-10-26 10:28 KST · p≈10%
DGIST next-gen integrated IT system ₩7.273bn (~27.7% sales / ~11.6% mcap) · 29.5% advance · through Oct 2028
Mon 26 Oct 10:28 KST: Tomato System wins a DGIST next-gen integrated IT-system build for ₩7.273bn ex-VAT (~27.7% of 2025 consol sales / ~11.6% of ~₩63bn mcap) through Oct 2028, with 29.5% cash after the kickoff report (~₩2.15bn / ~3.4% of mcap near-term). UP: named public-sector systems job with real advance on a thin KOSDAQ name — not affiliate noise. 3-8%: ~11.6% mcap + ~30% advance clears mid-band; refuse 8%+ on 2-year drip after the first tranche. p≈10%: live already +8.6% ~20 min after stamp — first clip spent the band; leftover is fade/overnight residual only (don’t-chase).
Why magnitude: ~27.7% sales / ~11.6% mcap named DGIST build with 29.5% advance → 3-8%; refuse 8%+ on multi-year drip after first tranche. · Why probability: Live already +8.6% ~20 min after stamp → band largely printed; leftover ~10% fade/overnight only; don’t-chase.
DART
up 1-3%IPARK Hyundai Development 294870 · KOSPI · 2026-10-26 10:27 KST · p≈16%
Gunpo Geumjeong Station Area Zone 1 redevelopment contractor · planned ₩448.2bn (~10.8% sales / ~30.6% mcap) · amount TBD at main contract
Mon 26 Oct 10:27 KST: IPARK is selected contractor for Gunpo Geumjeong Station Area Zone 1 redevelopment with planned works ₩448.2bn (~10.8% of 2025 consol sales / ~30.6% of ~₩1.47tn mcap) — amount still to be fixed at the main contract, and a 2026-10-14 voluntary filing already telegraphed the process. UP: named large residential redevelopment book adds backlog. 1-3%: IPARK/construction rule — refuse face/mcap trap on progress-bill multi-year housing with no signed lump sum yet; confirmation of an Oct 14 path, not a fresh cash print. p≈16%: live already +1.4% so most of the small band is in; leftover is thin same-session grind / overnight confirmation only.
Why magnitude: Planned ~30.6% mcap / 10.8% sales housing redevelopment with amount TBD + multi-year progress-bill → UP 1-3% only (refuse face/mcap); Oct 14 prior = confirmation stamp. · Why probability: Live already +1.4% into the 1-3% band + known Oct 14 path → leftover ~16% thin grind/overnight only.
DART
up 1-3%GI Tech 382480 · KOSDAQ · 2026-10-26 10:12 KST · p≈18%
KCC Glass glass-inspector supply ₩3.157bn (~8.7% sales / ~5.6% mcap) · 30% advance through May 2027
Mon 26 Oct 10:12 KST: GI Tech books a named KCC Glass original-plate glass inspector new/retrofit supply for ₩3.157bn ex-VAT (~8.7% of 2025 consol sales / ~5.6% of ~₩57bn mcap) through 31 May 2027, with 30% cash after contract (then 60%/10% on install/commissioning). UP: clean named non-affiliate industrial CP with real near-term cash on a thin KOSDAQ name — not affiliate restatement. 1-3%: sales%≠price band; ~5.6% mcap equipment job with partial advance clears 1-3% but refuses 3-8%. p≈18%: live already −4.3% (opposite of the call) so same-session leftover is thin; treat as overnight residual, don’t-chase the stamp into a selling tape.
Why magnitude: ~8.7% sales / ~5.6% mcap named PO with 30% advance → 1-3%; sales%≠band, refuse 3-8%. · Why probability: Live already −4.3% opposite the UP call → leftover ~18% overnight residual only; don’t-chase mid-session.
DART
mixed 1-3%SK Hynix 000660 · KOSPI · 2026-10-26 09:59 KST · p≈30%
Clarifies Dong-A ₩16tn Kioxia special-dividend rumor as unconfirmed · board return plan due at Q3 IR 28 Oct
Mon 26 Oct 09:59 KST: SK Hynix answers Dong-A’s “₩16tn special dividend from Japan Kioxia stake gains” story with an unconfirmed clarification — return options are under review, nothing locked, and any extra shareholder-return plan goes to the board then lands at the Tue 28 Oct Q3 IR. MIXED: kills the specific ₩16tn special-div certainty that weekend media had been trading, while still confirming a board-backed return announcement is coming in ~2 sessions — classic mega-cap two-way (rumor overhang kill vs constructive return path), same framing as the Fri Solidigm Pre-IPO stop. 1-3%: ~₩942tn mega-cap band compression; clarification is not a sized buyback/div print. p≈30%: live already ~+1% mid-session so same-session leftover is modest; primary unused clock is into Tue 28 Oct IR/re-disclosure (pre-event leftover, not a chase of today’s blip).
Why magnitude: Mega-cap (~₩942tn) clarification without a locked ₩ amount → call-rules 1-3% band compression; never 8%+ off a rumor answer. · Why probability: Live already ~+1% mid-session; same-session leftover modest (~30%). Cleaner unused clock is Tue 28 Oct Q3 IR / re-disclosure date.
DART
up 1-3%Senko 347000 · KOSDAQ · 2026-10-23 17:15 KST · p≈28%
Busan Technopark digital-twin platform supply ₩4.591bn (~12.5% sales) through Jun 2028 · zero advance
Fri 23 Oct 17:15 KST after-close: Senko books a named Busan Technopark digital-twin industrial-control platform supply for ₩4.591bn ex-VAT (~12.5% of 2025 consol sales / ~7% of ~₩64bn mcap) through 30 Jun 2028, with zero advance and annual sequential drawdowns (~₩2.2bn / ₩3.0bn / ₩1.17bn VAT-incl project tranches; Senko 79.3% consortium share with sub UNE already in the disclosed amount). UP: clean named public-sector CP adds real multi-year backlog on a thin KOSDAQ name — not affiliate restatement. 1-3%: sales%≠price band; zero near-term cash + ~20-month drip refuse the face/mcap trap (Inticube/Seohan-class haircut; refuse 3-8%). p≈28%: after-close Fri stamp into Mon morning pack is next-session residual awareness, not live edge (19 Oct Mon-pack rule).
Why magnitude: Named PO ~12.5% sales/~7% mcap but zero advance + multi-year annual drip → call-rules 1-3%; refuse 3-8% face/mcap trap. · Why probability: Fri 17:15 after-close → Mon morning pack = residual awareness only (~28%); not intraday live edge.
DART
BN vs HL (Korea pair)
Live marks pulled 07:48 HKT Mon (BN via www.binance.com/fapi/v1 — fapi.binance.com geo-blocked; HL api.hyperliquid.xyz/info metaAndAssetCtxs default + dex=xyz; fundingHistory 24h). Research series, paper only.
| Pair | BN−HL (bp) | BN lastFR | HL funding/hr | HL 24h sum | mark vs index/oracle bp (BN / HL) |
|---|
| BTCUSDT / BTC | +1.10 | 1.8920e-05 | 2.3784e-06 | +2.455e-04 | -6.19 / -4.75 |
| ETHUSDT / ETH | +5.88 | 7.7890e-05 | 3.0279e-06 | +2.887e-04 | -7.76 / -6.03 |
| SOLUSDT / SOL | -0.26 | 9.0200e-05 | 4.6980e-06 | +2.350e-04 | -6.22 / -5.19 |
| SKHYUSDT / xyz:SKHY | +23.15 | 0.0000e+00 | 1.0450e-04 | +4.037e-04 | -40.02 / -38.55 |
| SKHYNIXUSDT / xyz:SKHX | +21.57 | 4.9600e-06 | 1.5025e-04 | +3.700e-04 | -55.35 / -50.69 |
Marks: BN SKHY 139.85 / HL 139.53; BN SKHYNIX 963.78 / HL SKHX 961.71. SKHY/SKHX BN−HL spreads +23.2 / +21.6 bp. Last BN prints: SKHYUSDT Sun 16:00 +0.00e+00 · Mon 00:00 +2.40e-04; SKHYNIXUSDT Mon 00:00 +0.00e+00 · Mon 04:00 +0.00e+00. HL 24h: xyz:SKHY +4.04e-04, xyz:SKHX +3.70e-04. HL SKHY mark -38.6 bp / SKHX -50.7 bp vs oracle.
Next funding: Binance next print 08:00 HKT (00 UTC) relative to this 07:48 snap; Hyperliquid hourly. No HL SKHYNIX — hedge is xyz:SKHX. Usable spreads: SKHY / SKHYNIX mark gaps (majors tight).
Estimated carry (per 8h at live rates; BN 4h×2 for SKHYNIX; HL×8): BTC ≈ 0.00 bp |diff| · ETH ≈ 0.54 bp |diff| · SOL ≈ 0.53 bp |diff| · SKHY ≈ 8.36 bp |diff| · SKHYNIX ≈ 11.92 bp |diff|. Snapshot only — fees/inventory/liquidation can erase it. Paper only; no live orders.