Down Markets

• On July 20, the KOSPI closed down 4% in the 6500 range, while the KOSDAQ plunged 5%, triggering sell-side sidecar measures on both markets. • Market sentiment in the semiconductor sector was severely weakened by Kioxia's U.S. patent lawsuit defeat, which resulted in compensation orders exceeding 300 billion won. • Additional downward pressure came from news that Moonshot is preparing for an IPO on the Hong Kong stock market.

• Wall Street experienced a downturn on Friday as investors shifted away from the artificial intelligence sector due to growing concerns over frontier AI development. • In contrast to the U.S. market retreat, the Australian Securities Exchange (ASX) managed to edge slightly higher. • Global markets are reacting to volatility in tech valuations and a simultaneous jump in oil prices.

• US stock futures and Asian markets fell sharply on Friday following reports of significant technological breakthroughs by a Chinese artificial intelligence company. • Market impacts were severe in Asia, with South Korean and Taiwanese indexes dropping over 6% and Japanese markets closing down 4%. • Nasdaq futures declined 1.6%, reflecting investor anxiety similar to January 2025 when DeepSeek's AI model challenged the perceived dominance of US technology.

• Global stock markets declined on Thursday, led by a slump in AI-related stocks and computer chipmakers, causing the S&P 500 to fall 0.5%. • International markets saw significant drops, with Tokyo falling 2.8% and Shanghai sliding 1.8%, though Hong Kong's Hang Seng rose 1.3% following China's approval of Apple Intelligence. • Despite the market dip, U.S. economic indicators remained positive, showing fewer unemployment benefit applications and stronger-than-expected manufacturing growth in the mid-Atlantic region.

• Asian stock markets plummeted on Friday, led by Tokyo's Nikkei 225, which dropped more than 5% due to heavy selling of AI-related shares and computer chipmakers. • Taiwan's markets saw a significant decline of 5.9%, following news that TSMC, the world's largest contract chip manufacturer, intends to invest an additional $100 billion in U.S. fabrication plants. • This downturn reflects a broader global trend where slumping AI stocks are dragging world markets lower, signaling a shift in investor sentiment toward the tech sector.

• Global stock markets declined as shares of computer chipmakers and other AI-driven companies experienced a significant slump. • Major indexes saw notable losses, including a 1.8% drop in Shanghai and a 2.8% decrease in Tokyo. • Hong Kong's Hang Seng index rose 1.3%, bolstered by Alibaba's growth after China's cyberspace regulator approved the Apple Intelligence AI tool.

• Global stock markets declined on Thursday as slumping AI-related shares and computer chipmakers dragged down indexes worldwide. • The S&P 500 fell 0.5%, while international markets saw sharper drops, including a 1.8% decline in Shanghai and a 2.8% dip in Tokyo. • Hong Kong’s Hang Seng index rose 1.3%, bolstered by Alibaba's gains after China's cyberspace regulator approved the Apple Intelligence AI tool.