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Glonghui July 1 — As the US dollar strengthens and overseas investors sell off local stocks, the Korean won is approaching its lowest level since the global financial crisis, leading declines among Asian currencies. The won fell as much as 0.6% against the dollar to 1,559.10, after dropping to a low of 1,562.20 in March 2009 last month. On Wednesday, overseas investors made a net sale of 1.46 trillion won (938 million US dollars) worth of Kospi Index stocks, marking the eighth consecutive trading day of withdrawals. “The upward momentum of the US dollar is so strong that it’s not surprising for the Korean won to hit new lows,” said Korea Investment & Securities Co. economist Moon Dawoon. “If the won really falls to a new low, the next technical level is hard to determine. From a qualitative perspective, the downside for the won against the dollar should be seen around 1,600.”

Tron reached 26.97 million active accounts in June, with a transaction volume of 385.77 million, both hitting historical highs. (Lookonchain)

According to Chaoxiang Research, Nomura Securities has extended the AI cycle peak to 2028. The number of global data center projects has increased from 240 to 280, and gigawatt-level projects have risen from 40 to 50, with deployment peaking after 2027. The global server market growth rate has been adjusted upward to 74% (2026) and 65% (2027), while the AI server growth rate has been raised to 78% (2026) and 76% (2027). There is a bottleneck in wafer-level substrate (WoS) capacity, with TSMC’s capacity target at 2 million units and Nomura Securities estimating actual output at 1.8 million units. AMD, Arm, and Nvidia are expanding CPU market scale.