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South Korea's benchmark KOSPI index plummeted 9% in a single trading session, closing at 6143.85 points. Panic selling gripped the market, with tech titans Samsung Electronics and SK Hynix tumbling over 10% and 12% respectively, dragging down the broader index and sparking deep concerns over the economic outlook.
Read MoreOn July 28th, China's A-share memory chip sector witnessed a broad sell-off. Leading stock Gigadevice hit the daily limit-down, while over a dozen stocks including Purain and Shennan Circuits fell more than 5%. The plunge highlights near-term pressures and market concerns facing the semiconductor memory industry chain.
Read MoreOn July 28, Japan's Nikkei 225 index tumbled more than 4%, breaching the 62,000-point level for the first time since May 22. The sharp decline has heightened market volatility, with analysts scrutinizing macroeconomic indicators, corporate earnings, and external factors for explanations. Investors are advised to monitor the situation closely.
Read MoreSouth Korea's FSC chairman Lee Eog-weon announced stricter measures to curb demand for single-stock leveraged ETFs, including raising minimum cash deposits to 30 million won. If demand persists, further caps on investment proportions may be introduced to stabilize markets and protect investors.
Read MoreReports of Nvidia's potential $250B guarantee for OpenAI shook confidence in AI industry cash flows, triggering a global chip stock sell-off. South Korean markets were hit hardest, with leveraged ETFs plunging over 21%, as fears grow that Nvidia has morphed from a "tool seller" into a risk-bearing guarantor for the AI debt chain.
Read MoreOn July 28, Hong Kong-listed semiconductor memory stocks opened lower and adjusted broadly. Leveraged ETFs tracking SK Hynix and Samsung Electronics fell nearly 15%, while stocks like GigaDevice and Montage Tech also saw significant declines, reflecting near-term industry pressures.
Read MoreThe US Senate has temporarily sidelined debate on the CLARITY Act to prioritize a Russia sanctions bill and nomination processes. The crypto regulatory legislation faces a delay of at least several days, with no clear timeline for resumption.
Read MoreAnthropic CEO Dario Amodei clarified the company's stance on open-source AI models, opposing outright bans but proposing alternative regulations like chip controls, cracking down on model distillation, and mandatory safety testing for all powerful models.
Read MoreFears over credit risks from Nvidia's massive AI supply deal and intensifying competition triggered a sharp sell-off in Japanese and Korean stocks. Semiconductor giants like Tokyo Electron, Kioxia, Samsung, and SK Hynix led the decline, with SK Hynix posting its biggest-ever daily drop. Analysts cite shaken investor sentiment and China's advances in equipment as key factors.
Read MoreFTSE China A50 Index futures fell sharply at the opening, dropping over 1%. The decline reflects immediate market reaction to economic data, policy expectations, or global volatility. Short-term sentiment remains pressured, urging investors to monitor fundamental drivers and capital flows closely.
Read MoreSouth Korea's FSC warns of potential personal investment caps for leveraged ETFs if new restrictions effective July 31 prove insufficient. Regulators are accelerating plans to raise minimum trading units and considering mandatory online training to curb speculative risks.
Read MoreAlibaba Cloud's Zhenwu M890 super node instance now offers Day0 support for Kimi K3, deepening domestic computing collaboration. Qwen AI platform and Alibaba Cloud Bailian will provide direct API access to Kimi K3 models, boosting the local AI developer ecosystem.
Read MoreAlibaba Cloud's Qianwen AI platform has officially integrated the Kimi K3 model, enhancing its intelligent dialogue services. This move strengthens Alibaba's position in the competitive AI market by offering users more advanced conversational AI capabilities.
Read MoreMargin trading balance in China's A-shares surged by 10.03 billion yuan ($1.4B) in a single day, nearing 2.67 trillion yuan total. Shanghai led with a 13.67 billion yuan inflow, while Shenzhen saw slight outflows. This divergence suggests shifting capital allocation and potential market rotation.
Read MoreBlackRock issued $12.55B investment-grade bonds for Meta's data center at a 7.534% yield, near junk bond levels. Despite weak initial demand, high yields attracted investors, narrowing secondary spreads. The tech bond market faces pressure as companies raise massive debt for AI projects.
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