Cointime

Download App
iOS & Android

Korean Stocks Turn Down After Earlier Rise of Over 2%

On June 22, the South Korean KOSPI index turned down during the day, having previously risen by over 2%.

Comments

All Comments

Recommended for you

  • Liu Qiangdong: JD's AI Technology to be Fully Opened to Global Partners

    On June 22, Liu Qiangdong, founder and chairman of JD Group, revealed at the 2026 APEC Business Leaders Forum in China that JD is fully committed to the 'Giant Vision Model,' planning to collect over 10 million hours of first-person and third-person perspective video data globally. Utilizing JD's advantages in logistics and warehousing, the aim is to train AI to better understand the real world. He admitted that while JD may not be the strongest in large model development, it possesses rich advantages in physical scene data. Liu also announced that all of JD's AI technology will be fully opened to all partners in various countries overseas. 'We do not want any enterprise or any country to create technological divides or barriers,' he stated. 'Technological barriers are essentially technological exploitation, always attempting to use technology to plunder the wealth of other countries, serving only one country or one enterprise, which is not the philosophy of JD Group.' He urged entrepreneurs, research institutions, and government departments from APEC economies to initiate international cooperation in the field of AI as soon as possible. 'I do not believe that in the future era of artificial intelligence and robotics, any single country can face new technological shocks by changing its own system; it must be the result of collective cooperation among countries worldwide.'
  • South Korea's Policy Chief Warns Chip Boom May Trigger Real Estate Risks

    On June 22, Kim Yong-bum, South Korea's presidential policy chief, stated that policymakers need to consider how the benefits of the chip industry's prosperity will spread throughout the economy, warning that historically, excess liquidity often ends up in the real estate market. Kim pointed out that driven by the global AI boom, profits in the semiconductor sector have surged, leading South Korea's nominal economic growth rate to reach its fastest level in over two decades. Although macroeconomic indicators show the economy has entered an unusually strong growth phase, many households and small to medium-sized enterprises have yet to truly feel the benefits. Kim noted that South Korea's real GDP growth in the first quarter was 3.8%, while real gross national income growth reached 13.2%, indicating a significant gap that suggests the boost in purchasing power from rising chip prices far exceeds the growth in actual output. He mentioned that most of the income growth generated has not yet been reflected in the broader economy but may gradually manifest in the coming quarters through bonuses, wage increases, and the return of export revenues, potentially supporting luxury consumption and real estate demand. 'Historically, such funds have often flowed into the real estate market, making it difficult to assume this cycle will be any different,' he stated.
  • Market News: Anthropic Completes New Mythos Training, Sonnet 5 Release Imminent

    According to market news, renowned AI observer Andrew Curran has revealed that Anthropic has completed training a more powerful version of the Mythos model. However, it is still uncertain whether the new model will be named Mythos 5.1 or Mythos 6, and it may be kept internal by Anthropic to accelerate subsequent development. Meanwhile, with the appearance of a model identifier named claude-sonnet-5 on Anthropic's partner service platform, the developer community widely speculates that Sonnet 5 will be officially released this week.
  • Jensen Huang: China is a Major Global Technology Industry Hub

    On June 22, according to CCTV Finance, the fourth Chain Expo opened today in Beijing, with NVIDIA CEO Jensen Huang delivering a speech via video. He stated, "The Chain Expo focuses on one of the most important systems in the world: the supply chain. The supply chain connects energy, factories, logistics, businesses, and customers, thereby connecting the entire world. China is one of the major technology and industry hubs in the world, where engineers excel, developers act swiftly, and companies achieve extraordinary growth at scale. Congratulations once again on the opening of the 2026 Chain Expo, and I wish this year's exhibition great success!"
  • Former Meta Executive Advises Graduates: Ten-Year Career Plans Are Outdated in the AI Era

    On June 22, according to Fortune China, former Meta COO Sheryl Sandberg recently addressed graduates at Brandeis University, stating: "There’s no need to make a ten-year plan; you only need to do two things: first, find a short-term direction and clarify your current goals; second, hold a long-term vision and think about what kind of life you want to lead. Don’t worry about how to connect the two; the future path of life is full of surprises, and opportunities are hidden within those surprises." In today's job market, heavily impacted by AI technology, popular positions that are currently sought after by graduates may undergo drastic changes or even disappear within just a few years. In this context, attempting to plan one’s life trajectory is not only futile but may also lead to missing out on valuable opportunities to reshape one’s destiny. Sandberg’s advice comes at a time when many young professionals are feeling anxious. "I understand that many of you are worried about the future, which is completely natural," she said. "You’ve probably seen the news reports that this year’s graduates are facing the toughest job market in decades." However, she also emphasized that employment challenges have always existed. "Every year, people say that year is the hardest for job seekers; this notion has been around since the concept of 'graduation' began," she added. "I’m not saying it’s easy to find a job now, but every generation eventually finds a solution and successfully navigates through the difficulties."
  • Hong Kong Stock Zhipu Surges Over 12%, Market Value Exceeds HKD 1 Trillion

    On June 22, Hong Kong Stock Zhipu (02513.HK) saw its total market value exceed HKD 1 trillion during trading, with an increase of over 1900% this year, currently rising over 12%.
  • TSMC Reduces 28nm Production by Over 25% Since Early This Year

    On June 22, media reports citing supply chain sources indicated that TSMC's (TSM.US) primary 28nm production facility, Fab 15A, has seen its monthly wafer output decrease from 200,000 wafers at the beginning of this year to 150,000 wafers, representing a reduction of over 25%. TSMC plans to allocate more 28nm capacity to support intermediate layers, gradually phasing out low-margin orders.
  • FTSE China A50 Index Futures Drop by 1%

    On June 22, the decline of the FTSE China A50 Index futures widened to 1%.