📡 On-the-hour News | 15:00-16:00
1. Hong Kong stock chip sector falls across the board. Tianqi Zhixin drops by more than 9%, SMIC falls 8%, while Zhaoyi Innovation and Hua Hong Grace Technology drop by more than 5%.
2. South Korea’s KOSPI index closes down 3.12%. Samsung Electronics and SK Hynix fall 8.70% and 3.41% respectively, while foreign investors net sold 3.69 trillion won.
3. Spot gold hits $4,703 per ounce. Technical indicators show it is deeply overbought. Brent crude falls below $91 per barrel, forming a double-top breakout.
4. A bill is submitted by South Korean lawmakers to expand the financial intelligence agency’s investigative authority over unregistered cryptocurrency companies and to strengthen regulatory oversight of the crypto industry.
5. Anthropic’s AI assistant Claude is experiencing large-scale service outages; the expected time for restoration has not been announced.
6. The Ministry of Industry and Information Technology (MIIT) issues a draft for public comment on the mandatory national standard “Automotive Password Technology Requirements,” specifying technical requirements and test methods for password application in vehicles. It covers safety start and OTA scenarios, and in the future all models sold in the Chinese market will need to meet these requirements.
7. Xiaomi releases its first AI flagship system-level chip, Xuanjie O3, using a 3nm process. Xiaomi 18 Fold foldable flagship phone has confirmed it will be the first to be equipped with it. AnTuTu benchmark score reaches 5.22 million, with a planned release in September.
8. Hugging Face has hired a bank to evaluate the sale process. The potential valuation could be as high as $13 billion.
1. Hong Kong stock chip sector falls across the board. Tianqi Zhixin drops by more than 9%, SMIC falls 8%, while Zhaoyi Innovation and Hua Hong Grace Technology drop by more than 5%.
2. South Korea’s KOSPI index closes down 3.12%. Samsung Electronics and SK Hynix fall 8.70% and 3.41% respectively, while foreign investors net sold 3.69 trillion won.
3. Spot gold hits $4,703 per ounce. Technical indicators show it is deeply overbought. Brent crude falls below $91 per barrel, forming a double-top breakout.
4. A bill is submitted by South Korean lawmakers to expand the financial intelligence agency’s investigative authority over unregistered cryptocurrency companies and to strengthen regulatory oversight of the crypto industry.
5. Anthropic’s AI assistant Claude is experiencing large-scale service outages; the expected time for restoration has not been announced.
6. The Ministry of Industry and Information Technology (MIIT) issues a draft for public comment on the mandatory national standard “Automotive Password Technology Requirements,” specifying technical requirements and test methods for password application in vehicles. It covers safety start and OTA scenarios, and in the future all models sold in the Chinese market will need to meet these requirements.
7. Xiaomi releases its first AI flagship system-level chip, Xuanjie O3, using a 3nm process. Xiaomi 18 Fold foldable flagship phone has confirmed it will be the first to be equipped with it. AnTuTu benchmark score reaches 5.22 million, with a planned release in September.
8. Hugging Face has hired a bank to evaluate the sale process. The potential valuation could be as high as $13 billion.