Image: BigGo FinanceAI Cooldown Hits Chip Stocks; Hang Seng Opens Slightly Higher; Zhipu Plunges Over 12% at Open β BigGo Finance
β’ Global AI investment cooldown triggered a massive sell-off in chip stocks, causing Japan's market to briefly plunge 4% and Zhipu to drop over 12% at the open. β’ Significant losses were recorded by major players, including Kioxia, which hit its daily limit down, and SK Hynix ADR, which plummeted 13.69% in its previous session. β’ The Hong Kong market saw heavy losses in leveraged ETFs, with CSOP Hynix 2x Long falling 13.24% and CSOP Samsung 2x Long dropping 3.61%.
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