South Korean stocks opened higher but pared gains, with the KOSPI index briefly rising over 2%, as a stalemate in the Hormuz negotiations pushed oil prices higher.

The MSCI Asia Index rose 0.8% on Monday. South Korean stocks opened higher but pared gains, with the KOSPI briefly surging over 2% during the session and the KOSDAQ triggering a circuit breaker. Meanwhile, Iran explicitly denied engaging in direct negotiations with the U.S., leaving the Strait of Hormuz standoff unresolved. Brent crude continued its upward trend, trading above $84 per barrel, as geopolitical risks remained elevated in the market.

wallstreetcn11:31

Will Samsung overtake in HBM market share? As SK hynix grapples with labor disputes, Samsung achieves golden yield for HBM4.

① SK Hynix’s labor negotiations have reached an impasse, with analysts concerned that prolonged disputes could hinder the expansion of HBM4 production; ② Samsung Electronics has already achieved an 80% golden yield rate for HBM4 and is aiming to capture a 38% share of the HBM market in the second half of the year, while industry observers estimate that SK Hynix’s HBM4 yield rate is also in the 80% range; ③ UBS Group forecasts that by 2027, Samsung’s bit shipment share in the HBM market could narrowly surpass that of SK Hynix.

cls.cn10:56

Another 15% drop in a single week! JPMorgan details SK Hynix: NVIDIA trims holdings, 50% discounts, buybacks, and more

SK Hynix's stock price plunged 15% last week, as market panic spread—investor confidence was hit by NVIDIA’s cut in HBM orders, uncertainty over shareholder returns, and a massive capital expenditure of KRW 54 billion. However, JPMorgan systematically debunked the rumors: the reported 50% discount pricing was a misinterpretation, the capital expenditure aligns with previously disclosed plans, and the timeline for shareholder returns has clearly been accelerated. Analysts stated outright that 'the worst is over,' with a target price implying 94% upside from current levels.

wallstreetcn10:53

Morgan Stanley raised its target price by nearly 72%, while Zhipu AI rose more than 4%.

A report from a major bank once again sent Zhipu AI's share price soaring. On Thursday, Morgan Stanley released a research report significantly raising Zhipu AI’s target price by nearly 72%, from approximately HK$990 to HK$1,700. The news drove Zhipu AI’s intraday share price up by more than 4%, bringing its cumulative gain over the past five trading days to over 37%. Morgan Stanley noted that Zhipu AI’s ability to secure computing power continues to improve, and this—combined with the successful closing of a new round of financing—provides strong support for the company’s more robust growth trajectory. Without sufficient computing power, neither model training nor inference is feasible. Meanwhile, the new funding addresses the capital requirements during this cash-burning phase. The simultaneous improvement in these two key constraints directly prompted the bank to upgrade its rating.

wallstreetcn10:25 · Ratings

Express News | Alibaba's Hong Kong-listed shares rose nearly 3% in early trading after Apple briefly posted a support document titled "Using Qwen with Apple Intelligence on Mac" on its China website last Saturday, only to remove it within less than a day. The company re

Breakings10:06

Wall Street on 'China Concepts': From 'Powerless' to 'Opportunistically Bullish'

As computing power costs rise and intense price competition intensifies, the economic viability of standalone model-layer offerings is diminishing. The market is gradually converging on a consensus: the technical barrier to catching up in large models is not particularly high, and the ultimate commercial winners will emerge in multi-model ecosystems, AI agent applications, and on-device AI.

wallstreetcn07:36