On July 14, according to Bitget market data, the Southern 2x Long SK Hynix fell 11.5%, and the Southern 2x Long Samsung Electronics fell 1.8%.
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Southern 2x Long SK Hynix ETF Drops Over 11%
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Southern Double Long Positions on Hynix and Samsung Electronics Decline Sharply
On July 28, the Hong Kong stock market saw an expanded decline in the storage sector, with Southern Double Long Hynix falling nearly 24% and Southern Double Long Samsung Electronics dropping over 20%. Additionally, Zhaoyi Innovation fell more than 14%, and Lanke Technology declined by nearly 10%. -
A-Share Storage Chip Stocks Plummet, Zhaoyi Innovation Hits Daily Limit Down
On July 28, A-share storage chip stocks collectively fell, with PuRan Co. dropping over 11%, Zhaoyi Innovation hitting the daily limit down at 10%, Shenzhen South Circuit nearing the limit down, Shengyi Technology falling over 8%, Beijing Junzheng and Tongfu Microelectronics down over 7%, Baiwei Storage, Xiechuang Data, Shannon Semiconductor, and Dapu Micro-UW down over 6%, and Guanghe Technology, Bojie Co., Lanke Technology, Shenzhen Technology, Jiangbolong, and Juchen Co. down over 5%. -
Nikkei Falls Over 4%, Drops Below 62,000 Points
On July 28, the Nikkei 225 index fell below 62,000 points for the first time since May 22, declining by 4.4% during the day. -
Korean Stocks Plunge; Double Long Positions in Hynix and Samsung Drop Over 21% and 17% Respectively
On July 28, the Hong Kong stock market saw a collective plunge in memory chip stocks, with the Southern Double Long Hynix falling over 21% and the Southern Double Long Samsung Electronics dropping over 17%. Additionally, Zhaoyi Innovation fell over 11% and Lanqi Technology dropped over 9%. Overnight, U.S. chip stocks experienced severe declines, triggering a chain reaction that led to a complete collapse of the Japanese and Korean stock markets today. The Korean Composite Index at one point fell over 8%, with Hynix down over 11% and Samsung Electronics down over 9%. On the news front, Nvidia not only reached a $500 billion AI collaboration with SK Group but is also exploring providing up to $250 billion in financing guarantees for OpenAI. This has reignited market concerns regarding the cash flow logic of AI capital expenditure cycles. Nvidia's 5-year CDS surged 14 basis points to 82 basis points in a single day, marking the largest single-day increase in history. The market has realized that Nvidia is no longer a risk-free, easy profit 'pure shovel seller' but has instead been downgraded to a hidden unlimited liability guarantor on the entire aggressive debt chain of AI. Should downstream AI applications fail to monetize as expected, Nvidia will be forced to bear fatal joint debt risks. -
South Korea's KOSPI Index Plummets 9% to 6143.85 Points
The KOSPI index in South Korea has dropped 9% during the day, currently standing at 6143.85 points. SK Hynix fell over 12%, while Samsung Electronics declined by more than 10%. -
KOSPI Index Triggers Circuit Breaker in South Korea
On July 28, the South Korean exchange triggered a circuit breaker due to an 8% drop in the KOSPI index, resulting in a 20-minute trading halt. -
Anthropic Responds to Open Source Controversy: Opposes Ban, But Advocates for Chip and Distillation Restrictions
On July 28, Anthropic CEO Dario Amodei addressed the controversy surrounding open-weight models, stating that the company has never advocated for a complete ban. After OpenAI, Google, and SpaceX joined the open-source petition, Anthropic remains the only major frontier model company that has not signed. Amodei acknowledged that open-weight models can reduce costs, enhance competition, and allow customers to deploy models independently. He described open models without dangerous capabilities as 'public goods.' However, he disagreed with the notion that open models are necessarily safer and that defenders always benefit more than attackers. Once weights are released, safety restrictions can be removed, and models cannot be retracted. Anthropic proposed three alternative measures: restricting the flow of advanced chips and manufacturing equipment to China; combating industrial-scale model distillation; and requiring all sufficiently powerful models to undergo network attack, biological risk, and alignment testing, regardless of whether they are open or closed source. -
Chip Stock Sell-off Intensifies, Japanese and Korean Markets Plummet
On July 28, influenced by concerns over Nvidia's significant AI supply agreements and intensified market competition, investor sentiment was dampened, leading to a sharp decline in the Japanese and Korean stock markets. The Nikkei 225 index fell by as much as 4%, reaching its lowest level since May 22; the Tokyo Stock Exchange index saw a maximum drop of 2.7%. The South Korean KOSPI index plummeted by 7.6%, marking a new low since April 20. Semiconductor and equipment stocks, including Tokyo Electron, Kioxia, Samsung Electronics, and SK Hynix, led the decline, each dropping over 9%. Notably, SK Hynix's stock price plummeted by 30% at one point, marking the largest single-day drop in its history; Kioxia's stock fell by 18%, the largest drop since November of last year. Amid a wave of AI-related transactions valued at over $750 billion, the cost of Nvidia's debt default insurance surged, triggering a decline in tech stocks. Hideyuki Ishiguro, Chief Strategist at Nomura Asset Management, noted that following reports of significant investment deals involving Nvidia, its credit risk has increased, which investors view as a negative signal. Furthermore, Ishiguro pointed out that advancements in semiconductor manufacturing equipment in China pose a threat to Japanese suppliers, who have long held a competitive advantage in this field. -
FTSE China A50 Index Futures Drop Over 1% in Early Trading
FTSE China A50 Index futures have fallen over 1% in early trading.
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