Foreigner Selling Bomb and Exchange Rate ₩1540…Overseas, 'Sparkflation' Warning | Kwon Soon-woo 3PRO TV Reporting Team Leader [News3]

Summary

Kwon Soon-woo discusses the record foreign selling in Korean stocks and the won's decline to 1,540, linking it to global macro concerns. He explains the risk of 'spikeflation' from energy prices and high government debt in developed economies. He also covers LG's large GPU purchase, and the emerging data center building boom in Korea driven by stable electricity, but warns about value capture.

• Foreign investors have sold Korean stocks for 19 consecutive days, pushing the won to a 17-year low.
• Spikeflation risk: energy price surges could cause sudden inflation and stagflation in advanced economies.
• High public debt in the US and Europe limits fiscal ability to cushion energy price shocks.
• LG Group reportedly buying 10,000 Blackwell GPUs for AI research, following earlier large-scale GPU purchases by Samsung and Hyundai.
• JP Morgan reports over 60% of US data centers planned for 2027 have not started construction due to power grid bottlenecks.
• Korea is attracting data center investments due to cheap, stable electricity and strong supply chain infrastructure.
• The host and reporter debate the trade-offs of offering cheap electricity to attract foreign data centers.
• The data center construction theme in Korea is expected to become a major investment theme soon.