News

Glonghui, March 26 — The leading chip companies in this country, Samsung Electronics and SK Hynix, saw their share prices weaken due to market concerns about declining demand, after Google researchers introduced a new compression technology for large language models and vector search engines. Samsung dropped 2.1% and SK Hynix fell 2.5%. In early trading, both domestic and overseas funds were net sellers of Kospi constituent stocks, while retail investors were net buyers. The small-cap stock index Kosdaq rose 0.6%.

PANews, March 26—According to CoinDesk, Elon Musk's X platform has hired Benji Taylor, who has extensive experience in developing crypto products, as Head of Design. Taylor previously founded Los Feliz Engineering, the development company behind the self-custody crypto wallet Family. This team was acquired by Aave Labs in 2023, after which Taylor served as Aave's Chief Product Officer until October 2025, and most recently was the Head of Design for the Base blockchain network under an exchange. Crypto analyst Willy Woo stated that this move suggests X will include cryptocurrency features as it expands into financial applications. This appointment comes as the X platform is advancing its payments and financial services features. Earlier this month, Musk stated that X Money is set to launch in April across more than 40 US states, offering peer-to-peer transactions, bank deposits, debit cards, and cashback rewards, and had previously proposed offering a 6% yield on balances. X Money has not yet specifically mentioned any blockchain or cryptocurrency components.

Golden Ten Data reported on March 26 that a research report from Guotai Haitong Securities noted that during this round of oil price cycles, the economic advantages of HEV (hybrid electric vehicles), PHEV (plug-in hybrid electric vehicles), and BEV (battery electric vehicles) have expanded, which is expected to drive higher market penetration in regions with high oil prices and may present export opportunities for domestic brands. According to China Association of Automobile Manufacturers data, in January-February 2026, China's passenger car exports grew by 53.3% year-on-year, while new energy vehicle exports increased by about 110% year-on-year. With the global oil prices remaining high in March acting as a catalyst, the full-year export forecast for new energy vehicles is expected to be revised upwards. The report recommends focusing on core domestic brands with overseas exposure potential.