SK Hynix IncSK Hynix fell 5.3% amid the AI-safety-driven selloff in AI-related Asian stocks.
Shares of Japanese investment conglomerate SoftBank Group, a key investor in OpenAI, fell more than 10% on Monday after Anthropic and OpenAI called for slowing AI development for safety, dragging Asian markets to a mixed close. SoftBank stock traded in Japan plummeted 11.2% after OpenAI CEO Sam Altman backed Anthropic CEO Dario Amodei's weekend calls for the AI industry to slow down, and Altman told Fortune on Saturday that OpenAI would not hold its initial public offering this year as it focuses on safety. Other AI-related Asian stocks also fell, with South Korea's SK Hynix down 5.3%, Samsung Electronics off 2.8%, Japan's Tokyo Electron down 0.9% and Kioxia Holdings sinking 6%. South Korea's Kospi lost 2.5% to 6,739.68, Japan's Nikkei 225 slid 0.8% to 63,474.58, Hong Kong's Hang Seng rose 0.3% to 24,886.81 and the Shanghai Composite climbed 0.2% to 3,894.28. Oil prices gained more than 3% after Saudi Arabia shut a major pipeline used to bypass the Strait of Hormuz following an attack, with Brent crude up 3.2% to $107.94 a barrel and benchmark U.S. crude up 3.2% to $103.26 a barrel.
SK Hynix IncSK Hynix fell 5.3% amid the AI-safety-driven selloff in AI-related Asian stocks.
Kioxia sank 6% as AI-safety calls from OpenAI and Anthropic rattled AI-related Asian stocks.
TE Connectivity Ltd
Samsung Electronics Co LtdSamsung Electronics dropped 2.8% as AI-safety concerns hit AI-related Asian tech names.
Alibaba Pictures Group LtdSoftBank, a key OpenAI investor, plunged over 10% after OpenAI and Anthropic called for slowing AI development for safety.
Samsung Electronics Co LtdSamsung Electronics dropped 2.8% as AI-safety concerns hit AI-related Asian tech names.