Just now, a sharp drop at market open

【Introduction】KOSDAQ Index Opens Down Over 2%, Most Chip Stocks Decline

Let’s take a look at the latest developments in the Japanese and Korean stock markets.

On February 5th, the Korea Composite Stock Price Index (KOSDAQ) opened down over 2%, with most chip stocks falling.

Affected by AMD’s disappointing earnings outlook, chip stocks followed the decline of US technology stocks overnight, with chip giants Samsung Electronics and SK Hynix opening down over 4%.

In the Japanese stock market, the Nikkei 225 index dipped in the early trading hours but recovered to turn positive later in the session.

Among them, SoftBank Group’s stock price fell over 5%.

On the news front, Arm’s CEO stated that, based on discussions with Masayoshi Son, SoftBank currently has no intention of selling its Arm shares. The data center business is expected to become the largest segment in the coming years, surpassing the mobile business in scale.

On February 3rd, SoftBank announced that its wholly owned subsidiary SAIMEMORY had signed an agreement with Intel to jointly promote the commercialization of the next-generation high-capacity, high-bandwidth, low-power memory technology Z-Angle Memory (ZAM).

Additionally, Daikin Industries, NEC, and Edwan Testing saw significant declines.

Editor: Huang Mei

Reviewer: Chen Mo