Two items from “News Items” from @EllisItems this AM (https://substack.news-items.com):
“8. A rout in global chipmakers deepened on Tuesday, as fears over the durability of the AI boom intensified ahead of results from some of Silicon Valley’s biggest companies this week. South Korea’s Kospi led declines in Asia, falling more than 10 per cent and prompting a short halt in trading, after investors dumped shares in the country’s two leading memory-chip makers. Shares in SK Hynix fell as much as 10 per cent, while its larger rival, Samsung Electronics, dropped more than 12 per cent. The two companies have tumbled 41 per cent and 34 per cent, respectively, in July so far. In Tokyo, the Nikkei 225 fell 4.4 per cent, with memory-chip maker Kioxia plunging more than 18 per cent. This month’s sell-off has slashed Kioxia’s share price in half. (Source: http://ft.com)
9. A closely watched gauge of risk in holding the debt of companies at the centre of the AI boom is rising rapidly, underscoring growing jitters over Big Tech’s vast spending on data centres, chips and computer memory. Prices for credit default swaps, popular tools to bet against corporate debt, tied to Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia have risen to record highs in recent days, according to LSEG data. The sharp moves echo a sell-off in debt issued by so-called hyperscalers, which are piling hundreds of billions of dollars into developing vast data centres and sophisticated AI models. It comes as investors have grown increasingly worried about the deluge of debt sold by these companies. (Source: https://t.co/i1iKd1P8Ml)”
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meme5h agomeme
Top Overnight News
The Kospi index follows a weak US session lower, falling as much as 10.7% heading for the worst session since early March as both Samsung Electronics and SK Hynix slid more than 12%. Korea Exchange triggered a circuit breaker for the benchmark, marking its eighth such halt this year; Asia’s semiconductor related stocks come under intense selling pressure dragging the MSCI AC Asia Pacific index down over 3%
German officials are working behind the scenes to identify Chinese economic vulnerabilities that they could exploit if the European Union finds itself in a trade war with the world’s second-largest economy
Australia’s central bank chief said there are signs the economy is cooling as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough to return inflation to target or whether additional tightening will be needed
China set a ceiling on new US tariffs and warned Washington against sanctioning Chinese artificial intelligence companies, drawing boundaries weeks before the next meeting between President Donald Trump and Chinese leader Xi Jinping
A selloff in semiconductor stocks deepened Tuesday, as signs of China’s progress in advanced chipmaking weighed on global rivals and concern mounted over the sustainability of the artificial intelligence spending boom
President Donald Trump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal
A nearly $600 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks
Oil extended a steep decline after President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks
US Pacific Tsunami Warning Center said the tsunami threat from the Japan earthquake has now passed, with no tsunami threat remaining for Japan's coast.
Shots fired at US consulate in Toronto for the second time this year, according to the New York Post.
US Senate votes to advance Trump nominee Clayton for Director of National Intelligence role.
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news5h agonews
Top Overnight News
The Kospi index follows a weak US session lower, falling as much as 10.7% heading for the worst session since early March as both Samsung Electronics and SK Hynix slid more than 12%. Korea Exchange triggered a circuit breaker for the benchmark, marking its eighth such halt this year; Asia’s semiconductor related stocks come under intense selling pressure dragging the MSCI AC Asia Pacific index down over 3%
German officials are working behind the scenes to identify Chinese economic vulnerabilities that they could exploit if the European Union finds itself in a trade war with the world’s second-largest economy
Australia’s central bank chief said there are signs the economy is cooling as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough to return inflation to target or whether additional tightening will be needed
China set a ceiling on new US tariffs and warned Washington against sanctioning Chinese artificial intelligence companies, drawing boundaries weeks before the next meeting between President Donald Trump and Chinese leader Xi Jinping
A selloff in semiconductor stocks deepened Tuesday, as signs of China’s progress in advanced chipmaking weighed on global rivals and concern mounted over the sustainability of the artificial intelligence spending boom
President Donald Trump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal
A nearly $600 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks
Oil extended a steep decline after President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks
US Pacific Tsunami Warning Center said the tsunami threat from the Japan earthquake has now passed, with no tsunami threat remaining for Japan's coast.
Shots fired at US consulate in Toronto for the second time this year, according to the New York Post.
US Senate votes to advance Trump nominee Clayton for Director of National Intelligence role.
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listing6h agolisting
Hyperliquid: Perpetuals tied to SK Hynix hit by flash crash to $900 on Hyperliquid. Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.
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news6h agonews
Perpetuals tied to SK Hynix hit by flash crash to $900 on Hyperliquid. Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.
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meme6h agomeme
South Korea’s stock market is getting crushed.
Samsung: -13%
SK Hynix: -15%
The trigger was one report. China started mass producing DUV chip tools.
No earnings miss. No rate shock. Just a headline hitting an index where two names are 60% of the weight.
When both break at once, margin calls do the rest.
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news7h agonews
Hyperliquid Community Addresses SK Hynix Perp Anomaly: Deployed by XYZ and Under Investigation
Hyperliquid’s xyz:SKHYNIX perpetual contract briefly fell 17.9% after an anomalous pre-market trade in South Korea’s NXT market priced one SK Hynix share at KRW 1.272 million, triggering a roughly 30% move and a trading halt in the underlying market. The Hyperliquid contract followed the move through its oracle, while Binance prices also declined amid cross-market arbitrage before later recovering.
A Hyperliquid team member said the contract was deployed and operated by third-party team XYZ, which is investigating the incident. Under HIP-3, independent deployers are responsible for key mark-price, oracle and external price inputs for their markets.
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news7h agonews
Hyperliquid Community Addresses SK Hynix Perp Anomaly: Deployed by XYZ and Under Investigation
Hyperliquid’s xyz:SKHYNIX perpetual contract briefly fell 17.9% after an anomalous pre-market trade in South Korea’s NXT market priced one SK Hynix share at KRW 1.272 million, triggering a roughly 30% move and a trading halt in the underlying market. The Hyperliquid contract followed the move through its oracle, while Binance prices also declined amid cross-market arbitrage before later recovering.
A Hyperliquid team member said the contract was deployed and operated by third-party team XYZ, which is investigating the incident. Under HIP-3, independent deployers are responsible for key mark-price, oracle and external price inputs for their markets.
KOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140
South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of 2026.
SK Hynix’s U.S.-listed ADR, traded under the ticker SKHY, fell below USD 140 and was last quoted at USD 139.45, down 11.89% over the past 24 hours. SK Hynix is one of the world’s largest memory-chip manufacturers and a leading supplier of high-bandwidth memory used in AI processors.
KOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140
South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of 2026.
SK Hynix’s U.S.-listed ADR, traded under the ticker SKHY, fell below USD 140 and was last quoted at USD 139.45, down 11.89% over the past 24 hours. SK Hynix is one of the world’s largest memory-chip manufacturers and a leading supplier of high-bandwidth memory used in AI processors.
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meme14h agomeme
KOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140
South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of 2026.
SK Hynix’s U.S.-listed ADR, traded under the ticker SKHY, fell below USD 140 and was last quoted at USD 139.45, down 11.89% over the past 24 hours. SK Hynix is one of the world’s largest memory-chip manufacturers and a leading supplier of high-bandwidth memory used in AI processors.
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news14h agonews
KOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140
South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of 2026.
SK Hynix’s U.S.-listed ADR, traded under the ticker SKHY, fell below USD 140 and was last quoted at USD 139.45, down 11.89% over the past 24 hours. SK Hynix is one of the world’s largest memory-chip manufacturers and a leading supplier of high-bandwidth memory used in AI processors.
SK Hynix Slumps Below US IPO Price
And to think it was "7x oversubscribed"... looks like all those "6x people" dodged a bullet
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meme17h agomeme
NVIDIA IS PURSUING OVER $750 BILLION IN AI DEALS, INCLUDING A $500+ BILLION SK GROUP PARTNERSHIP AND UP TO $250 BILLION IN FINANCING SUPPORT FOR OPENAI.
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meme20h agomeme
reply THE DECLINE COMES EVEN AS NVIDIA AND SK HYNIX UNVEIL PLANS TO BUILD OVER 2 GIGAWATTS OF AI DATA CENTERS IN SOUTH KOREA.