Asian markets pushed higher on Friday as investors chose the AI trade over the oil shock. Stocks rose sharply across the region as traders returned to chipmakers, even as renewed US-Iran attacks slowed the recovery of energy shipments through the Strait of Hormuz. The move showed how powerful the semiconductor…
South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in a local bear market after falling by 20% from its highest point this year.Samsung and SK Hynix jumpsThe main driver…
SK Hynix’s banks earned nearly $260 million in fees from the South Korean chipmaker’s US share sale, giving Wall Street a richer payday by percentage than last month’s record SpaceX listing.The fee pool shows how strongly banks can still monetise the AI capital-raising boom, even when headline economics look thinner…
easyJet share price will be in the spotlight today as a new bid from a giant American private equity company emerged. The stock ended Thursday at 588p, a few points below the weekly high of 621p.Apollo Global Management has placed a bid for easyJeteasyJet, one of the top discount airlines…
Broadcom’s latest challenge to Nvidia is not another processor designed to replace its market-leading GPUs.It targets the network that enables thousands of those processors to operate as a single computing system.DriveNets on July 1 unveiled two AI-networking platforms built around Broadcom’s Tomahawk 6 switch chip.The systems promise faster connections with…
Escalating tensions between the United States and Iran dominated global markets on Wednesday after President Donald Trump signaled the possibility of further military action. Oil prices surged as investors assessed the risk of supply disruptions through the Strait of Hormuz. Gold prices fell as higher energy costs fueled inflation concerns…
The Dow Jones Industrial Average fell sharply on Wednesday as renewed tensions between the United States and Iran rattled financial markets, sending oil prices higher and prompting investors to reassess geopolitical risks.The blue-chip index dropped 577 points, or 1.1%, while the S&P 500 slipped 0.3%. The Nasdaq Composite bucked the…
Apple supplier Luxshare Precision’s blockbuster Hong Kong listing got off to a rough start on Thursday, despite raising HK$24.27 billion, or about $3.09 billion, in the city’s biggest IPO of 2026.The company priced its H-shares at HK$63.28 each, at the top of its marketed range, but the stock slipped toward…
The Kospi Index has retreated into a technical bear market after falling by 23% from its highest point this year. This sell-off continued today as it plunged to its lowest level since May 20th. So, will the blue-chip index fall further, or will it stage a comeback?Why the Kospi Index…
Asian equities found support from the one corner of the market investors are still reluctant to abandon: semiconductors.Chipmakers rebounded on Thursday after several days of heavy selling, helping lift benchmarks in Japan and South Korea. But the rally was not broad enough to erase the bigger macro risk. Oil jumped…