Memory chip ETFs shake up South Korean investors

The rush into ETFs tied to Samsung and SK Hynix has boosted market volatility in South Korea ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot SK hynix Inc ₩1,679,000.00 -7.7% NVIDIA Corp $196.51 -5.0% Apple Inc $336.91 +1.2% Market data as of 07:45 PM ET. Data is subject to provider delays. Your watchlist Top Stories Moonshot model: Chinese startup Moonshoot AI has released its Kimi K3 artificial intelligence model to the public. The move will let the model be used widely. Cyber flaws: The number of security flaws discovered in popular software this year is on pace to double from 2025. Researchers blame AI. Power crunch: The biggest US power grid warned that data centers may face involuntary outages under a plan to avert widespread blackouts and protect residential customers from price increases. Here’s how it would work. Must Reads Palantir’s Infamy Opens Doors for French Challenger After nabbing a Palantir contract in France, ChapsVision aims to become a “European champion.” Nvidia’s $750 Billion in Deals Reignite Circular AI Fears Nvidia Corp. is working on a fresh round of AI deals worth more than $750 billion, accelerating investments that skeptics have warned are artificially inflating demand and valuations across the industry. Amazon Seeks FCC Nod to Beam Satellite Coverage to Mobile Phones Amazon.com Inc. has requested permission from the US Federal Communications Commission to launch a direct-to-device network of 5,000 satellites to provide mobile services to cell phones from space, furthering the company’s competition with SpaceX. Beyond The Brief The popularity of single-stock leveraged exchange-traded funds tied to memory-chip makers has thrown the South Korean stock market into chaos, Yoolim Lee reports in today’s Tech In Depth. Now retail investors are experiencing almost daily the same boom-and-bust cycle that characterized the industry for decades, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Power On Apple’s plan to introduce smart glasses has a major challenge it didn’t originally expect — overcoming the privacy baggage for a category of device created by Meta, Mark Gurman reports in this week’s Power On. Some consumers remain uneasy with people walking around wearing camera-equipped glasses, particularly given the criticisms that Meta hasn’t adequately protected consumer privacy in its devices and apps, he writes. Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech. Before You Go... Waymo Plans End of Uber Robotaxi Tie-Up, Stepping Up Rivalry Alphabet Inc.’s Waymo is exploring options to exit its robotaxi partnership with Uber Technologies Inc., the latest relationship twist between two companies that have functioned as both rivals and partners. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |