Perplexity plans to go public in 2028, with CEO Aravind Srinivas signalling that the AI search start-up will not rush its listing plans even as bigger names move closer to Wall Street.The comments land at a defining moment for artificial intelligence. Anthropic filed confidentially for a US initial public offering…
South Korea’s Kospi Index rose by over 4% on Tuesday, mirroring the resurgence of the US equities market. It rose to KRW 7,814, a few points above the Monday’s low of KRW 7,435 as technology stocks jumped and crude oil prices retreated.South Korean stocks jump as technology companies roseThe Kospi…
Asian stocks steadied on Tuesday, while oil eased from overnight highs, after Israel and Iran signalled a pause in attacks that gave investors a reason to buy back into battered risk assets. The rebound was clearest in markets that had suffered the sharpest falls a day earlier, with chip-heavy South…
Samsung stock rebounded on Tuesday after Monday’s brutal selloff, giving investors a sharp reminder of how quickly the AI trade can swing from panic to bargain-hunting.The stock rose as much as about 5% in Seoul, a day after dropping 10.2% as South Korea’s benchmark KOSPI suffered one of its steepest…
Shares of Indian banks rose more than 1% on Tuesday, making them the top-performing sectoral gainers after the Reserve Bank of India issued detailed guidelines for a concessional foreign exchange swap facility that lenders can use for overseas borrowings.The move forms part of a broader package of measures announced by…
SpaceX is just days away from making stock market history.Elon Musk’s rocket, satellite, and artificial intelligence company is expected to begin trading on Nasdaq on June 12 after pricing its initial public offering the day before. With a targeted fundraise of $75 billion and a valuation approaching $1.8 trillion, the…
The S&P 500 Index suffered a harsh reversal on Thursday and Friday as investors reacted to the latest US non-farm payrolls (NFP) data and Broadcom (NASDAQ: AVGO) earnings. It retreated to $7,383, down from the year-to-date high of $7,618. This article looks at the key catalysts that will impact the…
The Nikkei 225 Index slumped by nearly 4% today, June 8, as the recent rally took a breather. It retreated to ¥64,000, down from the year-to-date high of ¥68,670. This retreat was a reaction to the latest GDP data, global stock market retreat, and the continued US-Iran quagmire.Top reasons behind…
South Korea’s KOSPI plunged on Monday as a global chip selloff turned into a full-blown stress test for one of the world’s hottest equity markets.The benchmark index triggered a Level 1 circuit breaker just minutes after the open, falling as much as 8.4% to around 7,477 in early trade.Samsung Electronics…
The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year.Hong Kong stocks retreat as global rout in tech shares continueThe blue-chip Hang…