On Wednesday, the KOSPI index in South Korea fell by over 6%, dropping more than 20% from its high last month. SK Hynix fell by 5%, Samsung Electronics fell by 6.9%, and the South Korean stock exchange initiated a temporary suspension of trading. Jordan Klein, an expert in the TMT sector at Mizuho Securities, said that investors have overreacted to Samsung's initial performance, and the selling of semiconductor stocks has weakened momentum. The Asian market saw a rotation in AI trading, with the Hang Seng China Enterprises Index rising by 3.4%, the Hang Seng Technology Index rising by over 5%, Alibaba rising by over 8%, and Tencent rising by over 3%. According to Reuters, DeepSeek is developing its own chips, while The Information reports that Zhipu AI is considering designing its own AI chips, and funds are flowing from the AI infrastructure sector to markets with lower valuations. (Golden Ten)
