Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
29,998 total articles
SDCL Energy Efficiency Income Trust said its net asset value per share fell 14% for the fiscal year ended March 31, 2026, while recording a pretax loss of 37.40 million. The company has initiated a managed wind-down and portfolio sale, suspended regular dividends and said future distributions will depend on debt reduction and asset disposals. The …
Iran’s Islamic Revolutionary Guard Corps has warned shipowners that using any transit route through the Strait of Hormuz not coordinated with Tehran is unacceptable and dangerous, and said it may take action against vessels that do not follow its instructions. The advisory follows a U.S.-Iran memorandum of understanding to reopen the waterway and c…
Alibaba’s Hong Kong-listed shares tumbled more than 4% to HK$94.55, hitting a near 15-month low after an AI company accused operators linked to Alibaba’s Qwen AI lab of a large-scale effort to bypass access controls. The allegation, combined with a broker price-target cut and disappointing 618 festival results, intensified sectorwide risk aversion …
Australian equities ended the session lower, with the S&P/ASX 200 closing down 0.68%. Gold, Metals & Mining and Resources names were the principal drags. A handful of stocks posted strong gains, while several mid- and small-cap names suffered steep declines. Volatility eased slightly and key commodity contracts moved lower.
SK Hynix shares rallied more than 15% to a record high, erasing earlier-week losses after rival Micron posted stronger-than-expected quarterly results and guidance. The stock’s advance was also supported by SK Hynix’s plan to raise up to $29 billion by listing American Depository Receipts on the Nasdaq. The move lifted broader sentiment on the KOSP…
Brandon Craig becomes CEO of BHP on July 1 with a heavy agenda: looming industrial action in Australia’s iron ore hub, a $2.3 billion charge tied to Jansen Stage 2 cost and schedule overruns, major project decisions across copper assets, and a cautious approach to mergers and uranium expansion. Investors are watching capex discipline, labour relati…
Shares of China’s largest state-owned lenders plunged in Hong Kong trading after the National Audit Office identified tax-related breaches at Bank of China and improper lending at Agricultural Bank of China in its annual review. The audit also cited governance weaknesses at China Everbright Environment Group, while the People’s Bank of China announ…
OVHcloud recorded a like-for-like revenue increase of 6.9% in the third quarter, reaching €289.6 million. Growth was led by a strong recovery in Public Cloud sales, while Private Cloud remained the largest contributor. Management reiterated its fiscal 2026 targets and highlighted strategic contract wins, product updates for entry-level customers, a…
Taiwan equities closed lower on Thursday, with the Taiwan Weighted finishing down 1.34% as losses in the Glass and Electricity sectors pressured the market. Several individual issues recorded double-digit percentage moves, including three stocks rising 10% and three names tumbling by around 10% or more. Commodities and currency benchmarks also move…
Cal-Maine Foods, along with other egg producers, is reported to be close to settling a Justice Department and multi-state investigation into alleged illegal coordination on egg pricing. Under the reported terms, the companies would pay multimillion-dollar civil penalties, donate over 50 million eggs, and agree to cease exchanging prices and other c…
JPMorgan raised its year-end KOSPI target to 12,500 from 9,000, calling the combination of AI-driven memory demand and an expanding data center footprint a "directionally bullish" force for South Korea’s equity market. The bank retained South Korea as its top market in the region, set a bull case of 15,000 by end-2026, and highlighted how gains in …
U.S. defence firm Anduril Industries is in negotiations to acquire Nissan Motor’s Oppama assembly plant near Tokyo with the aim of manufacturing military drones in Japan, according to three sources. While no agreement has been reached, the potential transaction comes as Japan’s government pursues expanded defence production and faces questions abou…
Jefferies has assigned Buy ratings to three UAE-listed real estate companies — Aldar Properties, Emaar Development and Emaar Properties — identifying them as well placed to benefit from a surge in infrastructure spending, robust cash generation and sizeable strategic land holdings across the Emirates.
Meta Platforms is accelerating the replacement of human content reviewers with large language models across its services as part of a cost-reduction effort and a broader pivot of resources toward AI development. The company has already automated about half of review requests this year and plans to expand that share substantially by year-end for som…
Worley shares tumbled 8.8% to A$11.20 after the engineering firm said the Middle East conflict would shave A$60 million ($41.4 million) from its annual earnings, nearly double its earlier guidance. The company also warned of an increased earnings hit from a strong Australian dollar, and noted that its significant oil and gas exposure and client del…
Doncasters, a long-established aerospace and industrial parts manufacturer based in Derby, U.K., raised $919.3 million in its U.S. initial public offering by selling 27.9 million shares at $33 each. The listing follows a multi-year turnaround that included a debt restructuring and more than $170 million of capital spending since 2020 to modernize a…
Worley has revised upward its estimate of the impact from the Middle East conflict on its full-year underlying operating earnings to about A$60 million, nearly double the prior A$30-A$40 million range. The company said ongoing project delays and a firmer Australian dollar - which reached a near four-year high in early May - are weighing on results.…
Alpex Acquisition Corporation priced 10,000,000 units at $10.00 apiece, raising $100 million. Units began trading on the Nasdaq Global Market under the symbol ALPXU on June 25, 2026. The company filed an effective Form S-1 with the SEC on June 24, 2026 and intends to pursue a business combination without restricting target industries or geographies…
Kioxia Holdings Corp intends to offer U.S. depositary shares in spring 2027 and is evaluating a stock split for its Tokyo-listed shares as it seeks to tap strong investor interest in AI-related memory stocks. Company executives say the move aims to create a direct link to the U.S. market while demand for NAND flash is being strengthened by AI-drive…
DPC Holdings Limited, which does business as Doncasters, has set the price for its initial public offering at $33.00 per ordinary share for 27,858,585 shares, generating roughly $919.3 million in gross proceeds before underwriting discounts, commissions, and offering costs. The company has granted underwriters a 30-day option to purchase an additio…
Trip.com Group shares tumbled after the Hong Kong-listed travel platform reported a sharp drop in first-quarter net income and lowered its revenue growth forecast for the current quarter. While revenue grew year-on-year and international bookings showed strong gains, management warned that macroeconomic headwinds, higher energy costs, geopolitical …
Asian equities climbed broadly on Thursday, paced by large advances in South Korea and Japan after Micron Technology's upbeat earnings and outlook rekindled confidence in AI-related memory demand. The move lifted regional chip names and helped pare losses from an earlier selloff in global tech stocks, while investors also prepared for U.S. PCE infl…
Lend Lease Group shares climbed 6% to A$3.085 following the sale of its remaining 25% interest in Keyton Retirment Living Trust for A$525 million ($362 million). The company said proceeds will be used to reduce debt as it advances a strategic pivot toward a capital-light, fee-generating model while continuing asset divestments and balance sheet res…
Alibaba's Hong Kong-listed shares fell sharply after U.S. AI developer Anthropic accused operators linked to Alibaba's Qwen AI lab of running a coordinated campaign that used nearly 25,000 fraudulent accounts to interact more than 28.8 million times with Anthropic's Claude between April 22 and June 5. The allegations, detailed in a letter sent to U…
The White House has formally asked Congress for $87.6 billion in supplemental appropriations to cover wartime costs related to the Iran conflict and provide aid for farmers, Ebola response, and energy security. The package directs the largest share to the Defense Department and faces immediate opposition from congressional Democrats. Lawmakers must…
