South Korea's chip exports increased by 180.6% year-on-year, with AI capital opening to support continued monetization South Korea's exports in the first 20 days of July increased by 62.9% year-on-year after adjusting for working days, higher than the 49.7% in the same period last month, and the export amount also reached a new high in the same period of July in previous years. Among them, chip exports increased by 180.6% year-on-year, and computer related products grew by nearly 232%. Exports to China increased by 94.1%, while exports to the United States increased by nearly 40%. This set of data indicates that global AI capital expenditures have not stopped, and there is a significant demand and actual orders supporting the Korean semiconductor supply chain. Maintaining rapid growth for several consecutive months can at least confirm that the demand for HBM and storage chips in AI servers is still strong, and customers are still placing orders. Korean semiconductor companies are also continuing to ship. This is a direct benefit for SK Hynix and Samsung Electronics. As long as HBM production capacity continues to be tight and the construction of AI servers does not slow down, South Korean chip exports, storage prices, and semiconductor companies' profits can still be supported. But whether this positive news can be directly translated into the rise of Hynix and Samsung stocks is not certain, because the biggest problem of the South Korean stock market at present is not due to poor performance. A large amount of domestic funds are deleveraging through financing accounts, leveraged ETFs, and other derivatives. After the market falls, some investors need to sell stocks to supplement their margin, and leveraged ETFs also need to passively reduce their positions as their net asset value decreases, ultimately resulting in a situation where the stock price drops and more funds are forced to sell. Under this transaction structure, export growth and corporate profits can support the long-term value of the company, but may not be able to immediately catch short-term selling. Even if SK Hynix's orders and profits continue to grow, as long as the deleveraging in the Korean market is not over, the stock price may still be under pressure. Of course, the stronger the performance, the greater the room for recovery after deleveraging. Only when the financing and leveraged funds are basically cleared, will strong chip exports and corporate profits be more easily reflected in stock prices. So this set of data can prove that the demand for AI is still strong, and it can also prove that the fundamentals of SK Hynix and Samsung Electronics have not shown obvious problems, but it cannot yet prove that South Korean semiconductor stocks have bottomed out. @Gate Crypto、 US stocks, Hong Kong stocks, South Korean stocks, gold CFD、 Predicting one-stop trading in the market