South Korea’s finance minister Koo Jun-cheol said on Wednesday the government is internally studying measures to stabilise markets after the KOSPI fell 6%. Speaking in the National Assembly he said further adjustments to rules on single-stock leveraged ETFs to address volatility are possible.

A joint statement signed by 1,132 employees at frontier AI firms including OpenAI, Meta, Google and Anthropic warned automation of AI R&D may be near and, while timing is uncertain, a material risk exists that rapid capability breakthroughs could outpace human understanding and control. The signatories said industry, governments and society need time to address emerging risks, build safety guardrails and strengthen regulatory frameworks, but firms and countries face a competitive dilemma—no one is willing to slow alone. They urged the US government to build on existing monitoring of frontier model releases and push an international collaboration to develop the technical and governance tools needed to prudently guide automated AI R&D.

Singapore benchmark stock index rose 0.5% to a record high of 5,643.90.