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AI & Enterprise

Apple shares fall 3 percent after WWDC AI strategy unveiling

Apple shares fell 3 percent on June 9 after the company unveiled a new artificial intelligence strategy at its annual WWDC developer event. The market focused less on the announcements themselves than on launch timing and the pace of rollout. Apple introduced a framework for developers and a new LLM-based Siri AI. Analysts were broadly positive but noted limited surprise and unclear commercialization timelines, alongside regional and language constraints.

Industry

Unitree clears key hurdle for Shanghai IPO as China\'s humanoid robot listing wave gathers pace

Chinese humanoid robot maker Unitree has passed a key review for a Shanghai listing, moving closer to registration and issuance. The Hangzhou-based company applied to list on the STAR Market on March 20 and plans to offer at least 40.4 million shares to raise 4.2 billion yuan, or at least 10 percent of equity. It said rising R&D and selling costs hurt profitability and plans to devote half the proceeds to AI-based robot model development.

Finance

Single-stock leverage ETFs see 10 trillion won turnover on first day, KOSPI semiconductor concentration deepens

Single-stock leverage ETFs that track Samsung Electronics and SK Hynix at twice the daily move recorded more than 10 trillion won in turnover on their first day of trading. The products rose by double digits as the chipmakers surged, but market breadth narrowed. The KOSPI closed up 2.25 percent while only 75 stocks rose and 826 fell. The Kosdaq dropped 3.36 percent, with declines dominating.