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Korea Exchange (KRX) activated the side-car mechanism on the KOSPI index, suspending program trading buy orders.

2026-07-13

Korea Exchange (KRX) activated the side-car mechanism on the KOSPI index, suspending program trading buy orders.

Other News
2026-07-13

JP Morgan raised its price target for Zhipu (02513.HK) by 20% to HKD 2,400 from HKD 2,000, marking a second increase in one week (the bank moved the PT from HKD 1,800 to HKD 2,000 last Tuesday). JP Morgan said proceeds from a USD 4.0 bln equity place

JP Morgan raised its price target for Zhipu (02513.HK) by 20% to HKD 2,400 from HKD 2,000, marking a second increase in one week (the bank moved the PT from HKD 1,800 to HKD 2,000 last Tuesday). JP Morgan said proceeds from a USD 4.0 bln equity placement will ease compute-supply bottlenecks and support further model-training investment; the bank added that new inference capacity could convert into annual recurring revenue within 12 months, analysts including Olivia Xu wrote. JP Morgan also cut its price target on MiniMax (00100.HK) to HKD 240 from HKD 300, citing share dilution after the company’s lock-up expiration and the fundraising; this follows a downgrade last week.
2026-07-13

Hong Kong stocks opened lower, with the Hang Seng Index down 0.07% and the Hang Seng Tech Index down 0.04%; GigaDevice (03986.HK) opened down more than 10%, while Leading iTech (01688.HK) opened up 7.84%.

Hong Kong stocks opened lower, with the Hang Seng Index down 0.07% and the Hang Seng Tech Index down 0.04%; GigaDevice (03986.HK) opened down more than 10%, while Leading iTech (01688.HK) opened up 7.84%.
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