← Back to live feed1 story
Shares on the Seoul exchange fell after a collapse in the AI memory chip trade in July drove sell-offs for Samsung and SK Hynix. This volatility left the Kospi as the poorest performing market globally for the third quarter, suffering its largest quarterly decline since the first quarter of 2020. For comparison, China's CSI 300 fell 12.5% during the period, whereas the S&P 500 climbed 2.3%.
The index remains up 60% year to date despite the recent drop. Future gains may be limited by rising bond yields and interest rate hikes from the Bank of Korea, posing a risk to a rally that saw the market rise 185% in less than two years.
Sign in to suggest edits
Key sources
- SOURCEmarketbrief.now
- SOURCE@techmeme“down 18.8% due to Samsung and SK Hynix sell-offs in early Q3, but remains up 60% YTD”x.com
- SUPPORT@marionawfal“China's CSI 300 came second worst, down 12.5%, while the S&P 500 gained 2.3%”x.com
- SOURCEhuggingnewshuggingnews.com
- SOURCE@techmeme“An interview with OpenAI Chief Research Officer Mark Chen on the Hugging Face incident, slowing AI development, shifting 5%-10% of compute to safety, and more”x.com
- SOURCE@dylfreed“Employees at OpenAI had raised security alarms months before the Hugging Face incident and related A.I. cyberattacks — their warnings were ignored.”x.com
- SOURCE@micahcarroll“In May, a version of HPIM uploaded a employee's GitHub token to the internet, causing the model to be quarantined for two weeks”x.com
- SUPPORT@marcus_j_w“Our misalignment monitoring system triggered within 15 minutes and a human reviewed it three minutes after that. Unfortunately auto-pausing failed so the run was manually killed 2.5 hours later.”x.com