Is the US heatwave over as KOSPI reaches highest level in two years?

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A view of Hana Bank's trading room in Jung-gu, Seoul on the afternoon of the 22nd. /yunhap news:

The KOSPI index, which rose for two consecutive days on the warm wind from the USA, fell on the 22nd. The New York stock market continued its uptrend last night and hit an all-time high, but our stock market struggled to keep up. The company appears to be holding its breath waiting for a new growth engine.

On this day, the KOSPI index closed at 2748.56 points, decreasing by 6.30 points (0.23%) compared to the previous trading day. At one point in the early part of the market, it rose to 2763.06, but soon turned bearish. In the stock market, individuals and domestic entities sold net 529.7 billion won and 162.9 billion won, respectively, adding to downward pressure. Since it had increased by 3.7% during the previous day, it is interpreted that a large number of profitable products were sold on this day.

On the other hand, foreigners alone made net purchases of 664.9 billion won. Foreigners also helped boost the index, buying 1.8782 trillion won the previous day. This is the largest amount since the 2nd of last month (1.9344 trillion KRW). In the two and a half months to date this year, foreigners have purchased a total of 13 trillion won in the stock market, which is close to 90% of last year's net purchase amount (15.123 trillion won).

Accounts for more than a quarter of the stock market's market capitalization Samsung Electronics (005930)and: SK Hynix (000660)closed lower today. SK Hynix gained 8.63% the previous day to end trading at 170,000 won. This was the biggest increase (9.73%) in about 8 months since July 27 of last year. Among the leading market capitalization stocks, the stock has risen significantly over the past two days. Samsung BioLogics (207940), Hyundai Motors (005380), Kia (000270) etc. close low.

On the other hand Celltrion (068270), POSCO Holdings (005490), Samsung SDI (006400), LG Chem (051910) NAVER (035420)A “red light” was lit. Defense industry owner Hanwha Aerospace (012450)broke the highest price in a year thanks to the purchasing power of foreigners. It is commented that the previous day's Russian airstrike had an impact on Kiyu. Hyundai Rotem (064350), Hanwha Systems (272210), LIG Nex1 (079550)closed higher as well. Cosmetics-related stocks also rose overall on expectations of an industry recovery.

Shinhan Investment & Securities researcher Lee Jae Won said. “Recently following the adoption of factors that could be positive for the stock market, such as the content of the regular meeting of the US Federal Open Market Committee (FOMC). and Micron Technology's strong performance, the KOSPI index took a breather in the absence of a new growth engine. “It's the form,” he explained.

During the FOMC meeting on March 19 and 20 (local time), the committee reaffirmed its previous stance of cutting the benchmark interest rate three times during the year.

Meanwhile, on this day, the KOSDAQ index closed at 903.98 points, decreasing by 0.31 points (0.03%) compared to the previous trading day. On this day, the KOSDAQ index started at 902.70 points, having decreased by 1.59 points (-0.18%) compared to the previous trading day, and fluctuated in a flat range. It is said to have taken a breather after rising 1.44% the previous day and retrieving the 900 mark. While foreigners and institutions net sold KRW 58.5 billion and KRW 67.7 billion, respectively, individuals net bought KRW 134.1 billion, preventing the decline from widening.

Among the leading stocks in the KOSDAQ market by market capitalization Ecopro BM (247540), Eco Pro (086520), Alteogen (196170), HPSP (403870), Enchem (348370) His back rose. Celltrion Pharmaceutical (068760), Rainbow Robotics (277810), Reno Industrial (058470), Shinsung Delta Tech (065350) etc. close low. HLB Life Science (067630)down 5.99% due to an increase in paid-in capital of 150 billion won. group owner HLB(028300)HLB Panazine also fell in price by 0.80% and 0.83%.

On this day, the won-dollar exchange rate against the US dollar (won-dollar exchange rate) in the Seoul foreign exchange market was 1,338.4 won, an increase of 16.0 won compared to the previous trading day.

(tagsTo Translate) KOSPI

NVIDIA Highlights ‘ChatRTX’ for AI Acceleration at GTC – AI Times

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  1. NVIDIA shows off 'ChatRTX' for AI acceleration at GTCAI Times:
  2. Dell Technologies targets AI data platform market with Powerscale storageDigital daily newspaper
  3. Where Microsoft Can Monetize Nvidia's New Products – Macquarie By Investing.comInvesting.com:
  4. Oracle Delivers OCI Generative AI… “Supporting AI Companies with the Whole Package”electronic newspaper
  5. Japanese companies are actively cooperating with NVIDIA… “Background of AI High-Performance Semiconductor Competition”news

Sungrow delivers innovative energy solutions to power South Africa's green transition

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JOHANNESBURG, March 22, 2024 /PRNewswire/ — Sungrow, the world's leading manufacturer of PV inverters and ESS, showcased its latest advances in utility projects, commercial and industrial solutions for both grid-connected systems and energy storage systems (ESS), as well as innovative home energy solutions. : . His focus is on delivering advanced technologies that enhance the efficiency, reliability and sustainability of solar energy systems at multiple scales.

image_967934_30505511

image_967934_30505511

Sangru's participation in the Solar and Storage Expo South Africa received a positive response. Market enthusiasm for renewable energy solutions has increased, reflecting awareness of the benefits of the clean energy transition. Attendees showed interest in learning about renewable energy advancements, highlighting the shift toward environmentally conscious practices. This highlights the importance of accelerating efforts towards a greener and more sustainable future South Africa.

Spotlight: Sungrow's bespoke home energy solution

Sungrow launched a 3-phase hybrid inverter Johannesburg, South Africa on March 15, 2024. This inverter is optimized for local rooftops and provides maximum power output and operating hours. Security measures are robust to ensure compliance and reliability. The iSolarCloud application enhances energy management with real-time data and optimized solar energy utilization. Sungrow provides exceptional after-sales support including 10-year battery warranty, five-year inverter warranty extendable for another five years, backed by over 25 years of experience, prompt replacement services and extensive maintenance coverage across the country.

PowerStack. The debut of the new C&I ESS

Sungrow introduced its latest C&I ESS, the PowerStack, which uses liquid cooling to reduce costs and battery temperature difference, thus extending battery life and improving charge/discharge efficiency. This technology outperforms conventional air cooling in terms of thermal management energy consumption. PowerStack minimizes O&M costs with automatic SoC calibration and automatic coolant charging. It meets Sungrow's strict safety standards by providing a comprehensive safety design at the cellular, electrical and system levels, with AI-assisted cellular monitoring and patented pipe connectors, IP65 module design, one-way breather valve and drip manifold to ensure system safety.

Innovative utility-scale solutions for solar and storage

Sungrow introduced the 1+X modular inverter, the SG350HX-20 string inverter and the new generation PowerTitan liquid-cooled ESS to promote innovative utility-scale solar applications. These advances help plant owners achieve better yields and smarter operation and maintenance practices.

Notably, the PowerTitan ESS series has secured more than 19 GWh of global contracts and shipped more than 10 GWh worldwide. The new PowerTitan 2.0 version is an all-in-one solution with an AC storage design, built-in PCS, standard 20ft 5MWh full liquid cooling and 10MWh battery ESS. With the launch of this second generation PowerTitan, Sungrow aims to overcome the challenges of scalability and efficiency.

“As a company committed to Clean Energy for All, Sungrow is dedicated to addressing the challenges of energy consumption; South Africa. With extensive experience in the renewable energy market, including building the country's first wind solar virtual power plant (VPP) and of Africa the largest independent renewable energy project, Sungrow proudly holds a leading market share in both the utility and C&I solar markets. South Africa. We aspire to a future where everyone enjoys unfettered access to electricity,” said Thompson Meng, Vice President of Sungrow PV & Storage BG.

About Sungrow

Sungrow Power Supply Co., Ltd. (“Sungrow”) is a leading global PV inverter and ESS supplier with over 515 GW of power electronics equipment installed worldwide as of December 2023. Founded in 1997 by a university professor. Cao RenxianSungrow is a leader in solar inverter research and development with the industry's largest dedicated R&D team and a broad product portfolio offering PV inverter solutions and ESSs for utility-scale, commercial and industrial and residential applications as well as internationally. recognized floating PV plant solutions, NEV propulsion solutions, EV charging solutions and renewable hydrogen production systems. With 27 years of strong experience in the PV space, Sungrow's products are powering 170 countries worldwide. For more information about Sungrow, visit www.sungrowpower.com.

Photo – https://mma.prnewswire.com/media/2369452/image_967934_30505511.jpg
Logo – https://mma.prnewswire.com/media/1344575/Logo.jpg

NVIDIA Unveils a Blend of Digital Dual Real-Time AI Technology for Cost Reduction with AI Agents – AI Times

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  1. Nvidia Unveils Digital Dual Real-Time AI Combination… “Cost Reduction with AI Agent”AI Times:
  2. Dell Technologies targets AI data platform market with Powerscale storageDigital daily newspaper
  3. Where Microsoft Can Monetize Nvidia's New Products – Macquarie By Investing.comInvesting.com:
  4. Oracle Delivers OCI Generative AI… “Supporting AI Companies with the Whole Package”electronic newspaper
  5. Japanese companies are actively cooperating with NVIDIA… “Background of AI High-Performance Semiconductor Competition”news

Animal Diseases are still not under control

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The causative agent, a virus of the genus Orbivirus, is transmitted through the bite of mosquitoes (biting insects).

zvg

Animal disease does not spread further north. The end of the epidemic of epizootic hemorrhagic disease (EHD) in Paris and throughout France remains uncertain. According to the latest data from the Paris Department of Agriculture, as of March 7, 4,002 livestock farms were affected across the country, compared to 3,708 farms officially on January 3. However, the spread of the disease is noticeably slowing down. As in January, at the moment the disease was detected in 20 departments.

The northernmost exclusion zones continue to cover Brittany, so EHD has not penetrated further north into Belgium and Germany in the past three months. However, the epicenter of the epidemic remains in the departments of Pyrénées-Atlantiques and Hautes-Pyrénées, which border Spain. The first cases of EHD in France were reported there in September 2023.

Epizootic hemorrhagic disease EHD

This viral disease of ruminants is clinically indistinguishable from bluetongue. It is also transmitted by mosquitoes (biting insects). The disease is not dangerous for humans.

Typical symptoms of the disease are sudden high fever, lethargy and reluctance to eat. Bloody diarrhea may occur. In white-tailed deer, the disease is usually fatal (up to 90 percent). Basically the same animal species are at risk as for bluetongue.

Cattle are the most affected livestock, with clinical symptoms indistinguishable from those of bluetongue. The disease can cause significant production loss, especially on dairy farms. Sheep and goats can also be infected, but rarely show noticeable symptoms.

What to do?

Protect ungulates from mosquitoes as much as possible. Vaccines against the disease are not approved in Switzerland. Epizootic hemorrhagic disease EHD is an animal disease that should be monitored and therefore reported. Cases of outbreaks and suspicious signs must be reported to the cantonal veterinarian.

The current international situation.

-> Radar Bulletin February 2024

Additional information.

-> Technical information on EHD epizootic hemorrhagic disease

All information mentioned comes from the Federal Office of Food Safety and Veterinary Affairs (BLV).

‘Debt Bomb Due to High Interest Rates and High Inflation – Hankyoreh Reports Biggest Personal Recovery Ever’

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  1. A debt bomb due to high interest rates and high inflation… The highest personal recovery everMiner
  2. “I Can't Survive the Debt Bomb… Please Save Me” Personal Recovery is at its highest.MBC News
  3. “Please reduce my debt”… The number of applicants for “debt restructuring” approaches 190 thousand in one year.Mail Business newspaper
  4. “I can't repay my debt” applications for debt restructuring have increased by 30 percent in one year.Donga Ilbo

The Real Estate Delinquency Rate in the Financial Sector Doubled to 2.7% in One Year

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Photo = Yonhap News

Photo = Yonhap News

In the financial sector, the delinquency rate of real estate project finance (PF) loans has doubled in a year. Savings banks, which had a deficit of about 500 billion won last year, saw their default rate 2.5 times to about 7%.

According to the Financial Services Commission and Financial Supervisory Service 22, the balance of real estate PF loans in the financial sector was 135.6 trillion won as of the end of last year. It is 1.4 trillion won more than the end of September, and 5.3 trillion won from the end of 2022.

In the financial sector, the delinquency rate of real estate PF loans was estimated at 2.70%, an increase of 0.28 percentage points (2.42%) compared to the end of September. It increased more than twice compared to 1.19% at the end of last year. As of the end of the year, the delinquency rate dropped from 0.55% in 2020 to 0.37% in 2021 and continued to rise from 2022. As the construction industry slows due to high interest rates and rising construction costs, the number of PF firms unable to repay on time is increasing.

By industry, savings banks recorded 6.94 percent. That was a 4.89% increase from 2.05% a year ago, the largest increase among all industries. The delinquency rate of PF loans in the credit sector has also doubled from 2.2% at the end of 2022 to 4.65% at the end of last year.

On a year-over-year basis, breach rates across all industries rose last year, but some sectors, such as securities and mutual funds, declined in the third and fourth quarters. The default rate of PF loans in the securities sector peaked at 17.28% at the end of the second quarter, then declined to 13.85% at the end of the third quarter and 13.73% at the end of the fourth quarter. In the case of the securities industry, the Financial Conduct Authority explained that an increase in the total balance of loans, rather than a decrease in delinquency, led to a decrease in the delinquency rate. The PF balance of the securities industry increased from KRW 5.5 trillion to KRW 6.3 trillion and KRW 7.8 trillion during this period.

Financial authorities have emphasized that delinquency rates and unsold housing rates are stable compared to the past crisis. As of the end of 2012, when the so-called savings bank crisis occurred, the average level of violation in the financial sector reached 13.62%. The number of unsold units currently stands at 62,000 units, down from 166,000 units in 2009 during the global financial crisis.

However, financial authorities stated that it is difficult to predict how long the upward trend in PF loan overdue rates will continue. Kim Byeong-chil, deputy director of the Financial Supervision Service, said: “Once the PF's soft landing normalization plan begins to materialize in earnest, the delinquency rate will be able to stabilize towards a decline.” Financial authorities are promoting the review of various systems such as business viability assessment standards and lender agreements to encourage liquidation of PF enterprises that may be insolvent.

Reporter Kang Hyeon-woo hkang@hankyung.com

Article information with potential will be published on the 22nd – Corrective Action for Breach Policy News | news

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From the 22nd, the information about the probability points of the games will be published transparently.

The Ministry of Culture, Sports and Tourism has announced that starting today, Clause 2 of Article 33 of the Gaming Industry Promotion Law and Article 19-2 of the Implementation Decision of the same law will be implemented and the possibility of random items will be transparently disclosed. .

First Deputy Minister of Culture, Sports and Tourism John Byeong-gaek gives a briefing on the amendment to the Enforcement Decree of the Gaming Industry Act regarding random items at the Seoul Government Complex in Jongno-gu, Seoul last November 13 morning. the year. (ⓒNews 1, unauthorized reproduction and redistribution prohibited)
First Deputy Minister of Culture, Sports and Tourism John Byeong-gaek gives a briefing on the amendment to the Enforcement Decree of the Gaming Industry Act regarding random items at the Seoul Government Complex in Jongno-gu, Seoul last November 13 morning. the year. (ⓒNews 1, unauthorized reproduction and redistribution prohibited)

The probability-type element information disclosure system is a key initiative in the gaming industry under the Yoon Seok-yeol government's National Task No. 58, “Spreading the Charm of K-Content Worldwide,” and is the first step to protect it. rights and interests of game users;

In addition, it was highlighted as part of a plan to build a game industry ecosystem that will enhance the rights and interests of game users in the 7th People's Livelihood Debate on January 30 on “Digital Coexistence, Protection” by the President. The rights and interests of the people”.

Probable items refer to items that game users can directly or indirectly purchase for a fee, the specific type, effect and performance of which are determined by random factors.

From this date, those who produce, distribute or provide game products (game operators) will, in principle, post the types of odds elements and information about their odds on game products and websites (home pages) so that users can easily find them. (searchable, percentage usage, etc.) should be displayed.

The game management committee operates a monitoring group (24 people) and a dedicated reporting window (report email grac_lbuser@grac.or.kr) to track whether information about random elements is revealed.

If monitoring and reporting reveal a violation of the gaming operator's obligation to publish information on random elements, the Gaming Commission will require rectification in the first instance, and the Ministry of Culture, Sports and Tourism will issue rectification recommendations and orders in the second instance. and third stages.

Failure to comply with the correction order will subject the person to imprisonment for up to 2 years or a fine of up to 20 million won under Article 45 of the Game Industry Act.

In addition, there is also a dedicated window (grac_lbguide@grac.or.kr) to provide business operators with constant guidance and communication on related systems.

Minister of Culture, Sports and Tourism Yoo In-chon said. “Disclosing information about random items is an opportunity to restore lost trust between game users and game operators.” He added: “The Ministry of Culture, Sports and Tourism will It is best to monitor and take corrective action with the Game Commission to ensure that information about incidentals is properly disclosed.” “He said:

Inquiries: Gaming Industry Content Division, Content Policy Bureau, Ministry of Culture, Sports and Tourism (044-203-2444), Games Management Committee Volunteer Support Center (051-720-4256)

Man in his 20s implants computer chip in brain, plays games for 8 hours while paralyzed (Subtitle News) – KBS News 2024.03.22.

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  1. (Subtitle News) Man in his 20s has a computer chip implanted in his brain… Can play games for 8 hours despite being paralyzed / KBS 2024.03.22.KBS News
  2. Elon Musk's Neuralink Reveals First Patient With 'Semiconductor Brain Transplant'… Play Chess With Only Your Mindelectronic newspaper
  3. First patient with Neuralink brain chip implant plays chess with his mindAI Times:
  4. (IT Story) “Telepathy Changed My Life”… Quadriplegic Patient Who Loved Playing ChessMoney today
  5. A paralyzed patient played chess using only his thoughtsChosun Ilbo

Antitrust Regulations in the US and Europe Simultaneously… Is Apple’s ‘Closed Ecosystem’ in Danger? – The Hankyoreh

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  1. Concurrent Antitrust Regulations in the US and Europe… Will Apple's 'Closed Ecosystem' Move?Miner
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  3. US Justice Department files antitrust suit against Apple… Micron up 14% (Wall Street Monthly)Mail Business newspaper
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