Charlotte Yang

Investors should purchase SK Hynix Inc.’s planned American depositary receipts and sell the chipmaker’s South Korean-traded stock as the new securities are likely to trade at a premium, according to UBS Group AG.

Momenta Global Ltd., a Chinese autonomous-driving firm, is set to begin trading in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies.

South Korea’s equity market extended declines, pushing the benchmark gauge toward a technical bear market as investors reassessed the outlook for artificial intelligence demand.

Alibaba Group Holding Ltd.’s shares surged the most since September, after investors turned optimistic on its earnings and shifted capital into major Chinese internet companies that had lagged the market.

(Bloomberg) -- Momenta Global Ltd., a Chinese autonomous-driving firm, opened 1.8% higher in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbo

(Bloomberg) -- Alibaba Group Holding Ltd.'s shares surged the most since September, after investors turned optimistic on its earnings and shifted capital into major Chinese internet companies that had lagged the market.

Taiwan’s central bank chief has warned investors of the risk of borrowing to invest in the island’s red-hot stocks, which have been surging on global demand for tech products at the heart of the AI boom.

Arbitrage desks looking to trade SK Hynix Inc.’s new American depository receipts are dusting off playbooks from Taiwan Semiconductor Manufacturing Co. But many say the comparison only goes so far.

A new breed of leveraged products tracking major South Korean chip stocks are tumbling in value, threatening steep losses for the country’s retail investors who favor the tools to pursue amplified returns.

At a time of acute investor unease over a selloff in AI-inflated tech stocks, this week’s results from Taiwan Semiconductor Manufacturing Co. and ASML Holding NV carry even greater significance than usual.