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Apple closed up 1.76% to hit another all-time high, with positive momentum from Apple Intelligence's China localization continuing to build.

1 hours ago

According to market data from BIT (bit.com), Apple closed 1.76% higher in U.S. stock trading, hitting a record high of $333.26 per share, and rose an additional 0.47% in after-hours trading. On the news front, on July 15, Apple Intelligence completed its first domestic generative AI filing in China. Alibaba’s Qianwen AI will be integrated into Apple Intelligence as its AI capability, providing Chinese users of iOS, iPadOS, macOS, and visionOS with services including text and image understanding, content generation, and more—allowing users to experience these features directly without switching between apps. In addition to Alibaba’s Qianwen AI, Baidu’s AI capabilities will also be integrated into Apple Intelligence, marking the official implementation of Apple’s localized AI strategy in the Chinese market.

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South Korean stocks suffered sharp declines even while closed for trading; Nan Fang Asset Management’s 2x long ETFs for SK Hynix and Samsung posted respective drops of 17.8% and 14.7%.

According to Bitget market data, South Korean stocks are closed today for Constitution Day, but SK Hynix and Samsung Electronics are still priced in other markets. At the Hong Kong Stock Exchange open, Southern’s twice-leveraged long products tracking SK Hynix plunged 17.8%, while those tracking Samsung Electronics dropped 14.7%. Separately, per BIT (bit.com) market data, SK Hynix’s ADR plummeted 13.69% at the close of U.S. trading this morning, and has since stabilized, trading up 1% in after-hours sessions.

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