On June 23, investors intensified their sell-off of leading chip stocks, raising concerns that the recent rally had become overstretched. The Japanese stock market fell sharply today, with the Nikkei 225 index closing down 3.55% at 69,788.38 points, marking the largest single-day decline since June 8.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Japanese Stocks Drop 3.55%
-
Wechat scan to share
Recommended for you
-
U.S. Optical Communication Stocks Drop Pre-Market, Mavenir Technologies Falls Over 8%
On June 23, optical communication stocks in the U.S. market collectively declined in pre-market trading. Among them, Tower Semiconductor and AXT Inc fell over 10%, while MaxLinear, Mavenir Technologies, Coherent, and Credo Technology dropped over 8%. Astera Labs, Corning, Nokia, GlobalFoundries, and Lightwave Logic fell over 7%, and Lumentum decreased by more than 6%. -
US AI Chip Stocks Drop Pre-Market, Intel Falls Over 8%, Nvidia Down Over 3%
On June 23, US AI chip stocks collectively declined in pre-market trading. Intel fell over 8%, AMD dropped more than 6%, while Qualcomm, TSMC, and Lattice Semiconductor each fell over 5%. Baidu decreased by over 4%, and Broadcom, Tesla, Nvidia, Alphabet-A, NXP, and Alphabet-C all saw declines of over 3%. -
Lyons: Korean Stock Volatility Out of Control with Heavy Retail Participation
On June 23, the South Korean KOSPI index plummeted by 9.99% on Tuesday, marking its largest drop in three months, as overseas investors sold off stocks following signals from Korean regulators about overheating in the chip industry. Alexander Redman, Chief Equity Strategist at CLSA, stated that Tuesday's correction highlights the increasing volatility in the market, with critics concerned that the market has expanded excessively and risks are rising. 'Volatility has gotten out of control. This level of volatility cannot be explained without significant retail participation,' Redman said. 'What worries me is that retail investors have taken the lead, as they are using a lot of margin, even though their ratio to market capitalization is small. Even more concerning is that regulators are now allowing leveraged single security ETFs, which further exacerbates the issue.' On Monday, the head of South Korea's market regulator indicated that the government was too hasty in approving leveraged funds linked to some well-known Korean chip stocks, which were launched last month and have intensified market volatility. Recently, South Korean regulators warned retail investors against using leverage in the KOSPI market, as margin debt or the amount borrowed to purchase stocks had reached a historic high in June. -
TAO Falls Below $220
Market data shows that TAO has fallen below $220, currently priced at $219.9, with a 24-hour decline of 5.5%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Falls Below $62,000
Market data shows that BTC has fallen below $62,000, currently priced at $61,956.59, with a 24-hour decline of 3.59%. The market is experiencing significant volatility, so please ensure proper risk management. -
U.S. Stock Market Storage Sector Plummets Pre-Market, SanDisk and Micron Drop Over 9%
On June 23, the South Korean market saw a significant decline in the storage sector, dragging down the U.S. stock market's storage sector pre-market. Among them, SanDisk and Micron fell over 9%, Western Digital and Silicon Motion dropped over 8%, Seagate Technology fell over 7%, and Rambus decreased by over 6%. -
VIX Surges Over 18% to 20.54
On June 23, the VIX, or volatility index, surged over 18% to reach 20.54. -
Double Long Positions in Samsung Electronics and SK Hynix Plummet
On June 23, Hong Kong's storage concept stocks collectively suffered significant declines. As of now, the Southern Double Long Position in Samsung Electronics has dropped over 24%, while the Southern Double Long Position in SK Hynix has fallen over 23%. Additionally, Lanqi Technology has decreased by over 12%, and Zhiyu Innovation has dropped by over 10%. Investors have intensified their sell-off of leading chip stocks, raising concerns that the recent rally may have been overstretched. The South Korean stock market also experienced a sharp decline today, with the KOSPI closing down 9.99% at 8204.06 points, marking the largest single-day drop since March 4 of this year. Both Samsung Electronics and SK Hynix saw their shares fall by over 12%. -
Nasdaq 100 Futures Drop 2.5%
On June 23, U.S. stock index futures saw an increase in losses, with Nasdaq 100 futures down 2.5%, S&P 500 futures down 1.4%, and Dow futures down 0.7%. -
Spot Silver Drops 5% in a Day
Spot silver has dropped 5% today, currently priced at $61.83 per ounce. Spot gold has fallen below $4,100 per ounce, with a daily decline of 2.26%, both hitting new lows since June 11.
Daily Must-Read
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
-
The 90 trillion yuan track is officially legalized: the United States opens up perpetual contracts on the blockchain, and encrypted finance completely rewrites the global trading landscape
-
PayStill Enters the Pure PAYS Era: A Value Aggregator Embarking on a New Growth Cycle
-
Bitwise deep review: Cryptocurrency market faces three major structural changes, reverse layout window opens as bear market ends
-
Goldman Sachs makes a heavy judgment: AI supply chain boom spillover, MLCC opens a new cycle of ultra long quantity price until 2030
All Comments