Macroeconomic risks, including resurgent fears of a Fed rate hike, and valuation concerns recently sent shockwaves through the tech sector, triggering a steep sell-off that caught investors off guard. The turbulence started in Asia, where South Korea’s benchmark KOSPI index crashed by about 10%, triggering a domino effect that rapidly spread to Wall Street. Along
SK Hynix shares jumped as much as 11.6% on Thursday, after the South Korean chipmaker laid out plans for one of the biggest equity offerings in market history. The Nvidia supplier plans to raise up to 45.45 trillion won, or about $29.4 billion, through a Nasdaq listing of American depositary receipts. The deal involves up
South Korea’s Kospi Index jumped by over 5% on Thursday, and is slowly nearing its all-time high of 9,387. It has soared by 184% in the last 12 months, making it the best-performing global index. Similarly, the iShares MSCI South Korea ETF (EWY) has soared by 171% in the same period and is nearing the
SpaceX stock (NASDAQ: SPCX) fell again in premarket trading on Tuesday, extending a sharp post-IPO reversal that has raised some hard questions for investors. The stock slipped about 3.5% before the open to roughly $149, putting it close to the symbolic $150 level and only about 10% above its $135 IPO price. Monday’s 16.4% plunge
London’s benchmark stock indexes fell to more than one-week lows on Tuesday, pressured by global market weakness, rising expectations of interest rate hikes, and renewed political uncertainty in Britain after Prime Minister Keir Starmer’s resignation. The blue-chip FTSE 100 dropped 0.7% by 0919 GMT to its lowest level since June 12, while the domestically focused
Wall Street’s Tuesday setup is no longer just about oil or geopolitics. Nasdaq futures were pointing to a sharp selloff before the bell as investors questioned whether the AI trade can keep absorbing higher borrowing costs and debt-funded spending. The pressure followed a global equity slide, with Europe and Asia pulled lower after Monday’s tech-led
Financial markets sent mixed signals on Tuesday as hopes of a diplomatic breakthrough between the United States and Iran eased concerns about Middle East supply disruptions, dragging oil and gold lower. Yet investors remained deeply uneasy about another issue entirely: the mounting costs of the artificial intelligence boom. While commodities linked to geopolitical risk retreated,
Rocket Lab stock price has slipped in the past few weeks as investors book profits following the spectacular rally that happened before the SpaceX IPO. RKLB dropped to the key support level of $100, even after it entered the exclusive Nasdaq 100 Index. Still, there are some reasons why it will eventually rebound. Rocket Lab
Shares of IBM climbed nearly 5% in premarket trading on Tuesday after JPMorgan upgraded the technology company, citing increasing confidence in its software business and potential benefits from growing artificial intelligence adoption. JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral and raised his price target to $291 from $270. The analyst said expectations
Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact