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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.

[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.

Chip Stock Sell-off Intensifies, Japanese and Korean Markets Plummet

On July 28, according to BIT(bit.com) market data, SK Hynix's American Depositary Receipts (ADR) plunged by as much as 10% during trading to $139.01, significantly below the IPO price of $149. It ultimately closed at $143.02, marking a new low since its listing. SK Hynix, along with stocks like SpaceX, has become one of the first companies among this year's largest IPOs in the U.S. to fall below its issuance price. Earlier this month, SK Hynix entered the U.S. stock market with a fundraising scale of $26.5 billion, but as investors continued to withdraw from the overvalued semiconductor sector, its stock price has sharply declined. The semiconductor sector as a whole is under pressure, with the closely watched semiconductor index continuing its recent downward trend, closing at its lowest level since May 19.

[SK Hynix ADR Falls Below IPO Price, Hits New Low Since Listing]On July 28, according to BIT(bit.com) market data, SK Hynix's American Depositary Receipts (ADR) plunged by as much as 10% during trading to $139.01, significantly below the IPO price of $149. It ultimately closed at $143.02, marking a new low since its listing. SK Hynix, along with stocks like SpaceX, has become one of the first companies among this year's largest IPOs in the U.S. to fall below its issuance price. Earlier this month, SK Hynix entered the U.S. stock market with a fundraising scale of $26.5 billion, but as investors continued to withdraw from the overvalued semiconductor sector, its stock price has sharply declined. The semiconductor sector as a whole is under pressure, with the closely watched semiconductor index continuing its recent downward trend, closing at its lowest level since May 19.

SK Hynix ADR Falls Below IPO Price, Hits New Low Since Listing

On July 28, Citrini analyst Jukan stated on social media that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations. He pointed out that a related report from The Information only cited a professor from a Chinese university during an internal meeting in June and did not disclose more substantial information. Jukan believes that the sell-off of semiconductor equipment stocks like ASML in response to this news is excessive. According to previous reports, The Information cited sources indicating that a company supported by Chinese state capital has begun mass production of domestically developed DUV (Deep Ultraviolet) lithography equipment, marking a key progress in the localization of China's semiconductor industry. Sources said the company plans to produce about five domestic DUV lithography machines by 2026 and expand to around 20 machines by 2027. Although there is still a gap compared to the 131 immersion DUV lithography systems delivered by Dutch giant ASML last year, the entry of domestic equipment into mass production is seen by the market as an important breakthrough in the autonomy of China's chip supply chain.

[Citrini Analyst: China's Progress in DUV Not Surprising, Semiconductor Equipment Stocks Overreacted]On July 28, Citrini analyst Jukan stated on social media that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations. He pointed out that a related report from The Information only cited a professor from a Chinese university during an internal meeting in June and did not disclose more substantial information. Jukan believes that the sell-off of semiconductor equipment stocks like ASML in response to this news is excessive. According to previous reports, The Information cited sources indicating that a company supported by Chinese state capital has begun mass production of domestically developed DUV (Deep Ultraviolet) lithography equipment, marking a key progress in the localization of China's semiconductor industry. Sources said the company plans to produce about five domestic DUV lithography machines by 2026 and expand to around 20 machines by 2027. Although there is still a gap compared to the 131 immersion DUV lithography systems delivered by Dutch giant ASML last year, the entry of domestic equipment into mass production is seen by the market as an important breakthrough in the autonomy of China's chip supply chain.

Citrini Analyst: China's Progress in DUV Not Surprising, Semiconductor Equipment Stocks Overreacted

FTSE China A50 Index futures have fallen over 1% in early trading.

[FTSE China A50 Index Futures Drop Over 1% in Early Trading]FTSE China A50 Index futures have fallen over 1% in early trading.

FTSE China A50 Index Futures Drop Over 1% in Early Trading

On July 28, Lee Eog-weon, chairman of the Financial Services Commission of South Korea, stated that if the latest restrictions do not achieve the desired effect, the country is prepared to take additional measures to curb investor demand for leverage ETFs, including setting investment limits for individual investors. The Financial Services Commission indicated in a statement that if these measures, effective from July 31, do not sufficiently suppress demand, regulators will consider tightening investment requirements further. The Commission also mentioned that it is discussing accelerating the previously planned increase in the minimum trading unit. On Tuesday, Lee met with investment industry professionals to discuss leverage ETF issues. Proposed measures under consideration include mandatory online training sessions, including simulated trading courses, and limiting individual investments in leverage ETFs to a specific percentage of total investment assets.

[South Korea Commits to Further Measures to Curb Leverage ETF Demand]On July 28, Lee Eog-weon, chairman of the Financial Services Commission of South Korea, stated that if the latest restrictions do not achieve the desired effect, the country is prepared to take additional measures to curb investor demand for leverage ETFs, including setting investment limits for individual investors. The Financial Services Commission indicated in a statement that if these measures, effective from July 31, do not sufficiently suppress demand, regulators will consider tightening investment requirements further. The Commission also mentioned that it is discussing accelerating the previously planned increase in the minimum trading unit. On Tuesday, Lee met with investment industry professionals to discuss leverage ETF issues. Proposed measures under consideration include mandatory online training sessions, including simulated trading courses, and limiting individual investments in leverage ETFs to a specific percentage of total investment assets.

South Korea Commits to Further Measures to Curb Leverage ETF Demand

Nasdaq futures have widened their decline to 0.5%, while S&P 500 futures are down 0.2%.

[Nasdaq Futures Drop 0.5%, S&P 500 Futures Down 0.2%]Nasdaq futures have widened their decline to 0.5%, while S&P 500 futures are down 0.2%.

Nasdaq Futures Drop 0.5%, S&P 500 Futures Down 0.2%

On July 28, according to Alibaba Cloud, the Alibaba Cloud Zhenwu M890 super node instance has been Day 0 adapted to Kimi K3. Both parties will further develop domestic computing power cooperation, and the Qianwen AI platform along with Alibaba Cloud Bailian will also provide model APIs for Kimi K3.

[Alibaba Cloud Zhenwu Super Node Adapts to Kimi K3]On July 28, according to Alibaba Cloud, the Alibaba Cloud Zhenwu M890 super node instance has been Day 0 adapted to Kimi K3. Both parties will further develop domestic computing power cooperation, and the Qianwen AI platform along with Alibaba Cloud Bailian will also provide model APIs for Kimi K3.

Alibaba Cloud Zhenwu Super Node Adapts to Kimi K3

On July 28, the Swiss Pictet Hong Kong fund recently reduced its stake in SK Hynix. The company's multi-asset manager, Andy Wong, stated that the current debate centers around whether memory chips have taken too much profit. The market is looking to see if certain factors will emerge to reverse the perception that 'SK Hynix is extracting excessive profits from the supply chain.'

[Swiss Pictet Hong Kong Fund Recently Reduced Stake in SK Hynix]On July 28, the Swiss Pictet Hong Kong fund recently reduced its stake in SK Hynix. The company's multi-asset manager, Andy Wong, stated that the current debate centers around whether memory chips have taken too much profit. The market is looking to see if certain factors will emerge to reverse the perception that 'SK Hynix is extracting excessive profits from the supply chain.'

Swiss Pictet Hong Kong Fund Recently Reduced Stake in SK Hynix

On July 28, Bloomberg reported that BlackRock issued $12.55 billion in investment-grade bonds for Meta's data center project in El Paso, Texas, which rose in early trading on Monday. The yield on these bonds is 7.534%, which is 287.5 basis points higher than U.S. Treasury yields, a level more typical of junk bond markets. During the issuance phase, the subscription size for the bonds was approximately $20 billion, only 1.6 times the issuance amount, significantly lower than the average subscription level of about 4 times for bond issuances this year. However, the higher yield ultimately attracted investors, with the yield spread in the secondary market narrowing to about 260 basis points above U.S. Treasuries, down from 287.5 basis points at issuance. Recently, technology companies have been heavily financing through large bond issuances, putting pressure on investors' capacity to absorb new AI-related debt. There has been a sell-off in tech bonds, and companies like Alphabet continue to expand capital expenditures and may issue further bonds, which has weakened demand for newly issued bonds. The early performance of BlackRock's bonds contrasts with recent issuances from companies like SpaceX. After SpaceX completed its first investment-grade bond issuance in June, those bonds fell in the secondary market, leading investors to face significant paper losses.

[BlackRock Issues $12.55 Billion Meta Data Center Bonds with 7.534% Yield]On July 28, Bloomberg reported that BlackRock issued $12.55 billion in investment-grade bonds for Meta's data center project in El Paso, Texas, which rose in early trading on Monday. The yield on these bonds is 7.534%, which is 287.5 basis points higher than U.S. Treasury yields, a level more typical of junk bond markets. During the issuance phase, the subscription size for the bonds was approximately $20 billion, only 1.6 times the issuance amount, significantly lower than the average subscription level of about 4 times for bond issuances this year. However, the higher yield ultimately attracted investors, with the yield spread in the secondary market narrowing to about 260 basis points above U.S. Treasuries, down from 287.5 basis points at issuance. Recently, technology companies have been heavily financing through large bond issuances, putting pressure on investors' capacity to absorb new AI-related debt. There has been a sell-off in tech bonds, and companies like Alphabet continue to expand capital expenditures and may issue further bonds, which has weakened demand for newly issued bonds. The early performance of BlackRock's bonds contrasts with recent issuances from companies like SpaceX. After SpaceX completed its first investment-grade bond issuance in June, those bonds fell in the secondary market, leading investors to face significant paper losses.

BlackRock Issues $12.55 Billion Meta Data Center Bonds with 7.534% Yield

火币HTX报道，7月26日，SK海力士将于29日公布第二季度业绩，继三星电子之后，预计SK海力士今年第二季度盈利也将创下新高。根据韩国金融信息机构Yonhap Infomax汇总的14家券商过去一个月发布的报告，SK海力士第二季度营收和营业利润预计分别为84.0597万亿韩元和64.0899万亿韩元。第二季度营业利润预期比去年全年47.2万亿韩元的营业利润高出约17万亿韩元。加上今年第一季度37.6103万亿韩元的营业利润，SK海力士仅上半年的营业利润就将超过100万亿韩元。本月早些时候，三星电子也发布了初步业绩报告，其DS部门表现强劲，营业利润达到89.4万亿韩元。如果SK海力士的业绩符合市场预期，两家公司第二季度的合并营业利润将超过150万亿韩元。

【SK海力士二季度利润或创纪录 韩国存储双雄合计利润有望破150万亿韩元】火币HTX报道，7月26日，SK海力士将于29日公布第二季度业绩，继三星电子之后，预计SK海力士今年第二季度盈利也将创下新高。根据韩国金融信息机构Yonhap Infomax汇总的14家券商过去一个月发布的报告，SK海力士第二季度营收和营业利润预计分别为84.0597万亿韩元和64.0899万亿韩元。第二季度营业利润预期比去年全年47.2万亿韩元的营业利润高出约17万亿韩元。加上今年第一季度37.6103万亿韩元的营业利润，SK海力士仅上半年的营业利润就将超过100万亿韩元。本月早些时候，三星电子也发布了初步业绩报告，其DS部门表现强劲，营业利润达到89.4万亿韩元。如果SK海力士的业绩符合市场预期，两家公司第二季度的合并营业利润将超过150万亿韩元。

SK海力士二季度利润或创纪录 韩国存储双雄合计利润有望破150万亿韩元

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SK海力士二季度利润或创纪录韩国存储双雄合计利润有望破150万亿韩元

Penafian：Konten diatas tidak merepresentasikan posisi HTX.，HTX tidak memberikan rekomendasi perdagangan apa pun.。

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SK海力士二季度利润或创纪录 韩国存储双雄合计利润有望破150万亿韩元

Penafian：Konten diatas tidak merepresentasikan posisi HTX.，HTX tidak memberikan rekomendasi perdagangan apa pun.。

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Semua Komentar0TerkiniHangat

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SK海力士二季度利润或创纪录韩国存储双雄合计利润有望破150万亿韩元