According to MSX.COM data, European chip stocks opened lower, with ASML, BE Semiconductor, STMicroelectronics, and Infineon falling 2% to 3%.
Odaily Odaily reported that South Korea's financial regulatory authorities have decided to introduce additional regulatory measures, such as a cap on individual investment, if the overheating of leveraged single-stock products does not subside. They are currently focusing on a plan to limit individual leveraged stock investments to within 20% of all financial investment product investments.
According to the reporter, official statistics previously released by South Korean authorities show that as of July 13, the cumulative forced liquidation scale for July reached 344.2 billion won (approximately 1.57 billion yuan), with over 1.2 million leveraged retail accounts hitting margin call lines. Among these, approximately 320,000 to 360,000 accounts have been fully liquidated by securities firms, with some accounts even incurring debts owed to the brokerages. (Cailianshe)
According to MSX.COM data, the decline in Hong Kong-listed storage concept stocks has widened, with the Southern CSOP Double Long Hynix ETF falling over 30% and the Southern CSOP Double Long Samsung Electronics ETF dropping more than 27%.
According to MSX.COM data, the South Korean KOSPI index extended its decline in the final trading session, plunging 11% intraday to fall below the 6000-point mark for the first time since April 14, representing a drop of over 30% from its June peak. SK Hynix fell more than 14%, while Samsung Electronics dropped over 13%.
According to MSX.COM data, SK Hynix's stock price decline has expanded to 14%, while Samsung Electronics has fallen by 13%.
According to data from MSX.COM, Hong Kong-listed memory chip concept stocks continued to decline in the afternoon. The Southern Double Long Hynix ETF (07709.HK) fell over 28%, the Southern Double Long Samsung Electronics ETF (07747.HK) dropped over 25%, GigaDevice (03986.HK) fell over 17%, and Montage Technology (06809.HK) declined over 12%.
According to Odaily, as per Gate data, South Korea's KOSPI index has plummeted by 10%, with SK Hynix falling over 13% and Samsung Electronics dropping over 12%.
According to Gate data, the Korea Composite Stock Price Index (KOSPI) fell 9% intraday, currently standing at 6,143.85 points. SK Hynix dropped over 12%, and Samsung Electronics fell more than 10%.
Odaily reported that A-shares opened with the Shanghai Composite Index down 0.91%, the Shenzhen Component Index down 2.25%, and the ChiNext Index down 3.12%; C Changxin opened down 7.7%.
According to Gate data, the Korea Composite Stock Price Index (KOSPI) fell 9% intraday, currently standing at 6,143.85 points. SK Hynix dropped over 12%, and Samsung Electronics fell more than 10%.
Odaily Odaily reports that on-chain analyst Ai Yi posted on platform X, stating that Hyperliquid SKHX dropped 17.9% this morning, with its 4-hour liquidation volume surpassing that of Binance. The trigger was an abnormal order in NXT pre-market trading at 7 AM involving SK Hynix shares, where 1 share was traded at 1.272 million won (approximately $867). Due to poor liquidity, the price dropped by 30%, subsequently triggering a trading halt. The Hyperliquid price fell as the Oracle updated accordingly, while the Binance price also declined due to arbitrage. Prices have now returned to normal.
Odaily reported that A-shares opened with the Shanghai Composite Index down 0.91%, the Shenzhen Component Index down 2.25%, and the ChiNext Index down 3.12%; C Changxin opened down 7.7%.
Odaily: The Korea Exchange triggered a circuit breaker mechanism as the KOSPI index fell 8%, causing a 20-minute trading halt. (Jin Shi)
According to market data from MSX.COM on July 28, SK Hynix’s American Depositary Receipt (ADR) once fell 10% to $139.01, breaking below the issue price of $149, and eventually closed at $143.02, hitting a new low since its listing.
Odaily Odaily reports that according to Gate data, South Korea's KOSPI index has expanded its decline to 8%, with SK Hynix falling 11% and Samsung Electronics dropping over 9%.
