Cointime

Cointime

Download App
iOS & Android
Home / Point

South Korean Stocks Fall 1.23%, SK Hynix Drops Over 5%

On July 30, South Korea's KOSPI closed down 1.23% at 5,593.56 points. SK Hynix fell 5.64%, and Samsung Electronics dropped 0.72%.

Comments

All Comments

Recommended for you

  • Amazon Rises 2.5% in Pre-Market Trading Ahead of Q2 Earnings, AWS Growth Becomes Key Focus

    On July 30, Amazon (AMZN.US) rose 2.5% in pre-market trading. In terms of news, Amazon is set to release its second-quarter results after the U.S. market closes on July 30 (Beijing time July 31). The market generally expects a strong performance for the quarter. Analysts forecast revenue of approximately $196.9 billion, up 17% year-over-year, and earnings per share (EPS) of $1.82, up about 37.76% year-over-year. Solid earnings recovery serves as a key foundation for the stock price. Whether its cloud computing business (AWS) can accelerate growth is the biggest highlight of this earnings report and is also seen as a critical factor affecting the stock price.

  • Goldman Sachs: Asian Equity Hedge Funds Face Record Monthly Drawdown Due to AI Stock Plunge

    A report from Goldman Sachs on July 30 shows that equity hedge funds focused on the Asian market are facing their largest single-month drawdown on record, as a broad sell-off in AI concept stocks wiped out most of the gains from previous concentrated bets on the sector. According to Goldman Sachs, as of July 28, fundamental long-short equity hedge funds focusing on Asia fell an average of 18.6% this month. In the first half of the year, these funds were among the best-performing globally due to early bets on AI hardware leaders, including South Korean chipmakers SK Hynix and Samsung Electronics. Some funds posted returns of over 100% at one point. However, the market has now undergone a sharp reversal. Goldman Sachs noted that since the year-to-date return peaked at 40% on July 22, these funds have given back 21 percentage points of their year-to-date gains. The bank pointed out that the crowded AI trades that drove significant gains in the first half are now becoming the main factor behind the unusually large drawdown this month. Specifically, funds with higher exposure to AI themes suffered greater losses. Amid the market turmoil, hedge funds have been taking profits and reducing risk. According to Goldman Sachs data, as of July 27, Asian hedge funds have reduced exposure for eight consecutive trading days, with the five-day cumulative reduction in gross exposure hitting a record high.

  • Korea Exchange Inspects Technical Feasibility of Temporary Short Selling Ban and Price Limit Reduction

    On July 30, according to Yonhap News, the Korea Exchange conducted an internal review on July 29 of the technical feasibility and system requirements for temporarily banning short selling and reducing the price limit (currently 30%), in response to recent severe volatility in the stock market. A person familiar with the matter said, "It only confirmed technical feasibility," emphasizing that it was not a step toward implementation, but rather a review among available contingency measures. Recently, the Korean stock market has been in a sustained decline, aggravating losses for individual investors. During a meeting of the National Assembly's Steering Committee, multiple lawmakers urged authorities to consider a temporary ban on short selling and restarting the securities market stabilization fund. A national petition to suspend short selling garnered over 10,000 approvals within two days of its public release. However, banning short selling conflicts with South Korea's goal of being included in the MSCI Developed Markets Index, as a previous 17-month short selling ban from November 2023 to March 2025 led MSCI to downgrade South Korea's market accessibility rating. The Korea Exchange officially stated that it had not received any related request from the government and had not formally discussed a short selling ban.

  • US Storage Stocks Decline Pre-Market, SK Hynix Down Over 4%

    On July 30, US stock storage concept stocks broadly declined in pre-market trading. Among them, SK Hynix fell over 4%, Micron Technology fell nearly 2%, SanDisk fell 1%; Silicon Motion Technology surged over 9%.

  • Arm drops over 6% in pre-market trading, second-quarter guidance below most optimistic expectations

    On July 30, Arm's US stock fell over 6% in pre-market trading to $210. On the news, ARM reported its first-quarter results for fiscal year 2027 ending June 30. Quarterly revenue increased 22% year-on-year to $1.289 billion, above analysts' expectations of $1.26 billion; adjusted operating profit rose 29% year-on-year to $531 million, and adjusted earnings per share were $0.45, also better than the market expectation of $0.40. However, the company forecast second-quarter revenue of $1.38 billion, missing the market's most optimistic expectations, with adjusted earnings per share guidance of 47 cents. In addition, the company stated on the analyst conference call that 'royalty revenue will decline slightly, and there are signs of weakness in the smartphone business.'

  • Qualcomm Falls 5.76% Pre-market as Q3 Revenue and Profit Both Decline

    On July 30, Qualcomm fell 5.76% pre-market to $146.717. The company reported its Q3 fiscal 2026 quarterly results. Q3 fiscal 2026 revenue was $9.95 billion, down 4% year-over-year, beating Wall Street's previous expectations of $9.7 billion. Net profit was $2 billion, down 25% year-over-year. For Q4, Qualcomm provided revenue guidance of $9.7 billion to $10.5 billion, roughly in line with the analyst consensus estimate of $10 billion.

  • Meta Platforms (META.O) Falls 8.3% in Pre-Market Trading

    Meta Platforms (META.O) fell 8.3% in pre-market trading, with Q2 free cash flow dropping 91%. Microsoft (MSFT.O) rose 7% in pre-market trading, as its fourth-quarter cloud revenue growth exceeded market expectations. Qualcomm (QCOM.O) fell 5.7% in pre-market trading, and Arm (ARM.O) fell 7.2%. (Jinshi)

  • US memory concept stocks decline in pre-market trading, Micron Technology (MU.O) down 2.6%

    July 30 news: US memory concept stocks are declining in pre-market trading. Micron Technology (MU.O) fell 2.6%, SK Hynix (SKHY.O) fell 4.4%, Western Digital (WDC.O) fell 1.2%, SanDisk (SNDK.O) fell 1.5%, and Seagate Technology (STX.O) fell 0.1%. (Jin Shi)

  • CPC Central Committee Political Bureau: Expand Space for Mutually Beneficial International Economic and Trade Cooperation, Vigorously Develop Service Trade

    On July 30, the Political Bureau of the CPC Central Committee held a meeting. The meeting pointed out that we should expand the space for mutually beneficial international economic and trade cooperation, vigorously develop service trade, and promote balanced trade development. We should improve the management system for outbound investment and the comprehensive overseas service system, and actively attract and utilize foreign investment.

  • Graphics Card Prices Skyrocket 1,000 Yuan in a Day

    July 30, according to CCTV Finance, with the surge in AI computing power demand, the global storage chip market is experiencing severe supply shortages. In Shenzhen's Huaqiangbei area, the price transmission effect is clearly visible. Multiple merchants in Huaqiangbei reported that following Nvidia's latest round of price hike notices to authorized graphics card manufacturers, all major graphics card brands have fully implemented warehouse closure policies, temporarily halting bulk shipments, leading to a rapid tightening of spot supply across the entire circulation chain. Visiting several computer assembly shops in Huaqiangbei, it was learned that due to the unavailability of new stock, existing inventory has become a 'scarce resource,' with channel distributors generally reluctant to sell, driving up the prices of available inventory. Statistics show that prices of mainstream storage products and graphics cards in Huaqiangbei have been climbing continuously. For example: 1TB solid-state drives rose from 410 yuan in September last year to 950 yuan now, an increase of 132%; 16G DDR5 memory rose from 450 yuan in September last year to 1,850 yuan now, an increase of 311%; 32G DDR5 memory rose from 900 yuan in September last year to 3,800 yuan now, an increase of 322%. In terms of graphics cards, the RTX 5060 rose from 2,300 yuan on July 22 to around 3,000 yuan, an increase of about 30%; the RTX 5080 rose from 8,000 yuan on July 22 to around 12,000 yuan, an increase of about 50%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company