July 27 Closing Market Review: Super Week with Big Tech Earnings Approaching, AI Rally and Domestic Stock Market's Fate Diverge

Summary

The July 27 market closed higher after a volatile session influenced by CXMT's IPO and the San Francisco AI summit. Naver emerged as the biggest beneficiary, securing a $10B AI data center deal and Nvidia's stake. SK hynix remained attractive with low valuation and strong DRAM outlook. Renewable energy stocks dipped on profit-taking but the AWS data center theme persists. Key events this week include big tech earnings and FOMC, which could dictate market direction.

• KOSPI +0.97%, KOSDAQ +2.2%, recovering from early losses.
• CXMT IPO initially pressured Korean memory stocks before AI summit optimism lifted sentiment.
• Naver rallied 8% on Brookfield's $10B AI data center investment and Nvidia's equity stake.
• SK hynix highlighted as undervalued (P/E ~6x) with rising DRAM prices and LTA visibility.
• Renewable energy names sold off on profit-taking but AWS-SK Telecom data center catalyst remains.
• LG Electronics obtained Nvidia liquid cooling certification, a potential new growth driver.
• Samsung SDS saw momentum on AI collaboration, though details are lacking.
• Hyundai Motor is expected to announce robotics AI data center partnerships soon.
• Big Tech earnings (Meta, MS, Amazon) and FOMC meeting this week add uncertainty.