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Stock Futures Drop as Chip Selloff Rages On
Barrons.com59d agobearish
Stock Futures Drop as Chip Selloff Rages On

Tech stocks looked set to drop again on Tuesday as investors continued to ditch chip makers, which got hammered the previous session due to concerns about fierce competition from China. Nasdaq 100 futures declined 0.

Why are tech stocks tanking?
AFP59d agoneutral
Why are tech stocks tanking?

Investor jitters over how long the artificial intelligence spending boom will last and concern over Chinese competition in chipmaking sent technology shares plunging Tuesday."The first leg of the artificial-intelligence boom was financed with cash, confidence and some of the strongest balance sheets in corporate America," wrote Stephen Innes at SPI Asset Management.

Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks
Associated Press59d agobearish
Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. Oil prices fell more than 1%, while U.S. futures were little changed. Trading was temporarily halted as Kospi dropped to its lowest level since April as shares in chipmakers Samsung Electronics and SK Hynix dropped sharply.

Seoul, Tokyo lead Asian plunge as tech stocks suffer fresh rout
AFP59d agobearish
Seoul, Tokyo lead Asian plunge as tech stocks suffer fresh rout

South Korean and Japanese tech took another battering Tuesday, leading losses across most Asian stock markets, as a report of a breakthrough in China's chip industry compounded growing worries about the longevity of the AI boom.There were also losses across most other markets, though Hong Kong was the standout as its tech firms enjoyed some much-needed buying following a painful first half of the year.

South Korea may cap leveraged ETF investments for retail investors, media reports say
Reuters59d agoneutral
South Korea may cap leveraged ETF investments for retail investors, media reports say

South Korea's top financial regulator said on Tuesday that authorities would ‌consider a cap on single-stock leveraged exchange-traded ‌funds (ETF) investments for retail investors if needed, local media reports ​said. Lee Eog-weon, chairman of the Financial Services Commission, told a meeting with local brokerages and asset managers in Seoul that the regulator would review and ‌prepare additional measures ⁠to curb the demand for the ETF products, such as putting a cap ⁠on total value of investments for each individual.

Samsung, SK Hynix slide amid Nvidia financing worries, China competition
Reuters59d agoneutral
Samsung, SK Hynix slide amid Nvidia financing worries, China competition

South Korean chip stocks slumped on Tuesday, with Samsung Electronics and SK Hynix falling as much as ‌9.5% and 10.9%, respectively, as investors dumped AI-related bets amid mounting concerns ‌over financing risks tied to AI infrastructure spending and intensifying competition from China. SK Hynix's U.S.-listed shares had ​already slumped overnight, closing at $143.02, below their initial public offering price of $149. The benchmark KOSPI was trading down 7.3% as of 0032 GMT.

Bloomberg59d agobearish
Korean Stocks Sink as Chipmakers Plunge on Deepening AI Fatigue

(Bloomberg) -- South Korean stocks plunged, dragged by the nation’s memory chipmaking powerhouses as investor sentiment continues to worsen on the artificial intelligence boom.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOASML Slides on Report of China Starting DUV Tool ProductionThe b

Nikkei Falls 2.6%, Dragged by Chip, Metals Stocks
The Wall Street Journal59d agoneutral
Nikkei Falls 2.6%, Dragged by Chip, Metals Stocks

0014 GMT — Japanese stocks are lower in early trade following overnight drops in U.S. technology stocks. Uncertainty over the Iran conflict is also weighing on the market. Investors are closely watching crude oil prices and developments in the Middle East after Saudi Arabia said it had intercepted drones that Iran-backed militias in Iraq had launched at the kingdom’s oil facilities.

Bloomberg59d agoneutral
SK Hynix’s Rebound From $470 Billion Rout Hinges on AI Spending

(Bloomberg) -- A $470 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOASML Slides on Report of China Starting DUV Tool ProductionS

How South Korea’s Leveraged ETF Gambit Backfired
Barrons.com59d agoneutral
How South Korea’s Leveraged ETF Gambit Backfired

Korean stocks have been wildly volatile in recent months–and leveraged ETFs deserve some of the blame. SK Hynix and Samsung have emerged as major beneficiaries of the AI-driven memory chip shortage, leading to meteoric rises. Korean regulators approved single-stock leveraged ETFs for SK Hynix and Samsung after seeing the success of similar products on Hong Kong and U.S. exchanges.

EXCLUSIVE: China Is Coming For SanDisk—But Not Yet For Micron’s Memory Crown
Benzinga60d agoneutral
EXCLUSIVE: China Is Coming For SanDisk—But Not Yet For Micron’s Memory Crown

High-bandwidth memory — the specialized chips powering Nvidia Corp.’s latest AI accelerators — appears set to remain dominated by established leaders such as Micron Technology Inc. (NASDAQ:MU), SK Hynix Inc. (NASDAQ:SKHY) and Samsung Electronics Co. Ltd. (NYSE:SSNLF) for years. China, however, is making rapid progress in commodity DRAM and NAND. That’s according to Counterpoint Research analyst MS Hwang, who told Benzinga in an interview that “Chinese vendors are catching up quickly in commodity