The Nikkei 225 Index continued its freefall as technology companies like SoftBank, Tokyo Electron, Kioxia, and Advantest plunged ahead of the upcoming big-tech earnings. It plunged by over 4% on Friday, reaching its lowest level since June 11, with the markets being closed today for Marine Day.Japan stocks plunge as…

Apple stock (NASDAQ: AAPL) has become Wall Street’s latest test of whether the artificial intelligence trade is moving beyond data-centre builders and towards businesses capable of selling AI to consumers.The iPhone maker briefly overtook Nvidia as the world’s most valuable company, reaching about $4.88 trillion as Nvidia fell 3.5%.The switch…

The Kospi Index retreated by over 4% today, July 20, as concerns on the technology sector coincided with the ongoing US-Iran war. It slumped to 6,525 points, down substantially from the year-to-date high of 9,387. Still, despite this weakness, Barclays and UBS analysts believe that top semiconductor stocks have an…

Asian stocks opened lower on Monday as Brent crude climbed above $90 a barrel, reviving inflation fears just as investors prepared for a defining week of technology earnings.MSCI’s Asia-Pacific gauge outside Japan slipped 0.3%, while South Korea’s chip-heavy Kospi fell another 4.2% after losing almost 9% last week. Chinese blue…

The Hang Seng Index jumped more than 2% on Monday, making it the best-performing major benchmark in Asia as investors bet on fresh Chinese stimulus following a string of weak economic data. The index climbed to 25,103, its highest level since June 5.Hang Seng Index jumps on stimulus hopesHong Kong…

Ryanair reported first-quarter earnings that fell short of analyst expectations, as lower ticket prices and higher fuel costs weighed on profitability despite continued growth in passenger traffic.The airline also warned that average summer fares are expected to remain modestly below last year’s levels amid uncertainty linked to the conflict in…

The FTSE 100 Index has held steady in the past few days, reaching its highest point since July 8. It has jumped by nearly 10% from its lowest point in March this year. This article highlights some of the top catalysts for the Footsie Index this week.FTSE 100 Index to…

European shares traded lower on Monday as escalating tensions between the United States and Iran pushed oil prices higher, raising concerns about inflation ahead of another corporate earnings season.Investors also turned their attention to upcoming earnings from major US technology companies and the European Central Bank’s policy meeting later this…

QuantumScape stock (NASDAQ: QS) faces a potentially sharp earnings reaction on Wednesday as investors test whether the solid-state battery developer can turn technical progress into a credible manufacturing and commercialisation plan.Options traders are pricing a move of roughly 12% to 15% in either direction after the second-quarter report, reflecting the…

Chinese artificial intelligence startup Moonshot AI has temporarily paused new consumer subscriptions after overwhelming demand for its recently launched Kimi K3 model stretched its computing capacity.The move comes as the company seeks fresh funding and prepares for a potential initial public offering (IPO) in Hong Kong.Two people familiar with the…