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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%.

1 hours ago

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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Jiuan Medical Posts Three Consecutive Daily Limit Boards in Four Trading Days, Driven by Partnerships with Kimi and DeepSeek

According to Bitget market data, amid the launch of Kimi K3 and expectations that DeepSeek will go public next year, A-share-listed Jiuan Medical has posted three consecutive daily 10% price gains over four trading days, hitting its daily 10% price limit today. On the news front, Jiuan Medical holds stakes in both DeepSeek and Moonshot AI (Kimi). After Kimi K3’s launch yesterday, it topped the front-end code rankings, outperforming Claude Fable 5. Meanwhile, online rumors indicate DeepSeek could list on the Shanghai STAR Market as early as Q2 next year. Additionally, Jiuan Medical’s "AIoT Diabetes Home Medical Assistant" project is advancing steadily: it has assembled an AI team of over 30 members, trained a vertical large model using approximately 479,800 private user data points, and plans to launch the full AI module for small-scale gray testing in Q2 2026.

20 minutes ago

Zhipu AI's stock fell over 17% intraday, pressured by the launch of Kimi K3 and explicit criticism from Anthropic.

According to Bitget market data, Hong Kong-listed Zhipu AI saw its shares plunge over 17% during intraday trading, and is now down nearly 15%. On the news front, its direct competitor Moonshot AI released Kimi K3, which outperformed Claude Opus 4.8 and GPT-5.5 in certain programming and agent tests. Additionally, Anthropic publicly named Zhipu for the first time yesterday, accusing the firm’s GLM-5.2 model of distilling models from Claude and OpenAI.

20 minutes ago

'Maji'’s Ethereum long position is on the verge of liquidation, with a $1.008 million account drawdown in the past 24 hours.

According to on-chain analyst Ai Yi (@ai_9684xtpa), ETH long positions held by crypto personality "Big Brother Ma Ji" (Huang Licheng) have faced sustained pressure. He has gradually reduced his holdings from a peak of 16,575 ETH to 9,600 ETH, valued at approximately $17.76 million. The account has recorded a total drawdown of $1.008 million in the past 24 hours, with floating profits nearly wiped out. Currently, the position has only a $16 price gap remaining before hitting the liquidation price, placing it on the brink of extreme danger.

20 minutes ago

Paying users get early access to Trump's posts, as Truth Social opens a new avenue for presidents to monetize their influence.

According to Reuters, Trump Media will sell faster access to posts published on Donald Trump’s Truth Social platform. The new service will allow traders and investors to pay for real-time pushes of Truth Social posts. This data feed service will be available to institutional clients, including high-frequency algorithmic trading firms, starting next month. Trump Media stated that some clients have already signed up before the official launch, but it did not disclose specific pricing for the service, nor how much earlier clients will receive Trump’s posts compared to regular users.

20 minutes ago

Southern’s double-leveraged long product targeting SK Hynix and Samsung saw its decline widen to over 19%, hitting new lows not seen since May for both.

According to Bitget market data, the Hong Kong-listed CSOP 2x Long SK Hynix fell more than 20% at one point during intraday trading, and is now down 17.8%. The Hong Kong-listed CSOP 2x Long Samsung dropped over 19% intraday, and is currently down 18.1%. Both have hit their lowest levels since May.

20 minutes ago

Xi Jinping attends the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-Level Conference on Global Artificial Intelligence Governance, and delivers a keynote address.

Chinese President Xi Jinping attended the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-Level Conference on Global Artificial Intelligence Governance in Shanghai, and delivered a keynote speech. (Xinhua News Agency)

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