The Hang Seng Index retreated to 24,011 on Thursday, paring back some of the gains made a day earlier. This drop mirrored developments in key markets like in the United States and South Korea. Still, the potential rotation to Hong Kong stocks may push it higher, potentially to 25,000.Rotation to…
Global investors have placed orders for more than seven times the shares available in SK Hynix’s upcoming American depositary receipt (ADR) offering, Bloomberg and Reuters reported.According to Bloomberg, the offering has attracted strong interest from global long-only funds and technology-focused investors ahead of its expected pricing on Thursday.Around 1,000 institutional…
Microsoft’s warning that the quantum-security clock is moving faster has put a beaten-down quantum stock back on Wall Street’s radar.Quantum Computing Inc. (NASDAQ: QUBT) was trading around $8.75 on Thursday, while an average analyst price target on the stock is $18.33, implying roughly 111% upside current levels.The setup is compelling,…
UK housebuilders are under intense pressure this year. Barratt Redrow shares have dropped by 27%, while Taylor Wimpey, Barratt Redrow, and Persimmon have plunged by 27%, 28%, and 25% this year. In contrast, the FTSE 100 Index has jumped by 3%. Top UK housebuilding stocks | Source: TradingViewThe same trend is…
AstraZeneca shares slumped nearly 10% on Thursday after the drugmaker said its nerve disease treatment Wainua failed to achieve the primary objective in a late-stage clinical trial for a serious heart condition, dealing a setback to one of its most closely watched pipeline assets.The stock fell about 9.5% in London…
Figma Inc. (FIG) shares climbed more than 6% on Tuesday after Bank of America reinstated coverage of the design software company with a Buy rating. The brokerage argued that artificial intelligence is strengthening its competitive position and creating new opportunities for revenue growth.The brokerage assigned Figma a $30 price target…
The Dow Jones Industrial Average retreated from record levels on Tuesday as a renewed selloff in artificial intelligence-linked semiconductor stocks outweighed gains in defensive sectors, while rising oil prices added to investor caution.The Dow fell 131 points, or 0.3%, after reaching a fresh intraday record earlier in the session. The…
Asia’s stock rally is becoming more selective as July begins.Investors are no longer buying every technology or AI-linked name blindly, especially after Samsung’s record profit guidance failed to stop a sharp chip-sector sell-off.Samsung shares fell 6.9% on Tuesday, as investors looked worried about AI stocks running too far.That makes the…
The KOSPI’s rebound on Wednesday showed that investors are not ready to walk away from South Korea’s chip trade, even after a bruising selloff. Samsung Electronics and SK Hynix both recovered from early losses as bargain hunters returned to memory-chip names, betting that AI demand and tight supply still support…
The Nikkei 225 Index traded sideways on July 8 as artificial intelligence (AI) stocks rebounded after Tuesday’s sharp sell-off. The index was trading at 39,770, about 7% below its highest level this year. Despite the recent weakness, it has formed a highly bullish technical pattern, signaling that a rebound could…