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.
29,439 total articles
Australia’s central bank warned it could lift interest rates again if identified upside inflation risks materialise. Deputy Governor Andrew Hauser named three specific risks - the Middle East conflict, a global AI boom and weak productivity - and said the RBA will act if inflation does not fall. Policymakers left the cash rate unchanged for a secon…
Pan Pacific International Holdings Corp. shares fell sharply after the company posted fiscal 2026 revenue and operating profit gains but issued FY2027 guidance that fell short of expectations for stronger profit improvement. The stock dropped 10.8% as analysts' previously bullish consensus and lofty 12-month targets contrasted with conservative for…
Asian equities fell broadly on Wednesday as renewed selling in semiconductor names hit South Korea and Japan. Rising long-term U.S. Treasury yields, ongoing tensions in the Middle East and disappointing tech results in China added to cautious sentiment, erasing recent gains in some markets and triggering a program-trading pause in Seoul.
SoftBank Group shares fell sharply after reports the company will issue roughly ¥1 trillion in seven-year retail bonds to fund AI investments, amplifying investor concern about its debt profile. The move coincided with a wider selloff in Japan's technology and AI-linked stocks as sovereign yields climbed, lifting Japan's 10-year government bond yie…
Santos shares climbed 2.8% to A$8.335 after the oil and gas producer reported robust 2026 half-year results, including higher production, modestly stronger revenue, an earnings-per-share beat and an unfranked interim dividend. Management expects second-half 2026 production to rise about 20-30% as Barossa LNG and the Pikka Phase 1 project approach p…
SK Hynix’s South Korean labor union is finalising the wording of a preliminary wage agreement with company management and plans to present the proposed terms to members on Wednesday afternoon. Negotiators from both sides are working to settle remaining points before a membership vote. Key sticking points include management's proposal to pay a major…
Bank of America has reorganized leadership for its Asia Pacific Global Industrials Investment Banking group, appointing Yuta Komori as chair and naming Meng Gao and Masashi Toda as co-heads. The changes are intended to deepen client coverage and support growth across the region, with defined reporting lines to regional and global heads. The memo si…
China Unicom Hong Kong shares declined 8.6% to HK$5.73 after the company reported a substantial year-over-year drop in half-year profits and said it will not pay an interim dividend. Net profit attributable to the parent fell about 34.8% to RMB 4.1 billion, while total profit decreased roughly 36.6% to RMB 11.2 billion. Core business revenue was RM…
Xiaomi's stock climbed 5.6% to HK$27.64 after the company reported stronger-than-expected second-quarter results and offered guidance that high memory prices are moving toward a slower rate of increase. Revenue rose to RMB 108.9 billion and adjusted net profit advanced to RMB 6.2 billion sequentially. The smartphone business delivered record averag…
Baidu's stock plunged after the company reported second-quarter 2026 results that fell short of analyst expectations. Total revenue declined year-over-year, net profit tumbled, and the core Online Marketing Services business showed a steep revenue drop as competitors continued to take share. Heavier capital spending on AI compute capacity helped cl…
Global sovereign bond yields hovered near their highest levels in decades as investors reacted to rising government borrowing and persistent inflation concerns. The U.S. long bond earlier reached a near-20-year peak before easing in Asia, while European bunds and long French debt climbed to multi-year highs. Risk aversion pressured equity markets a…
Small consignment deliveries of Nvidia’s H200 artificial intelligence processors have been admitted to mainland China, with ByteDance and Tencent reported to have each received roughly 10,000 units. U.S. approvals allow purchases of up to 100,000 H200 chips per company, but Chinese authorities have instructed firms to keep the hardware outside main…
South Korea's benchmark KOSPI plunged sharply on Wednesday, briefly falling more than 5% and activating a programmatic trading halt known as a sidecar. Heavyweight semiconductor names SK Hynix and Samsung Electronics were among the largest drags as a global selloff in chip stocks spread across the region. Rising U.S. Treasury yields and profit-taki…
Whitehaven Coal shares slipped after the miner posted a mixed full-year performance: robust output and strong underlying earnings contrasted with a 7% fall in revenue as coal prices softened and the Australian dollar strengthened. Management provided FY27 production guidance in line with current volumes and signalled higher capital expenditure, whi…
Samsung Electronics stock plunged 7.0% to ₩249,750 amid a sector-wide rout in semiconductors that pushed South Korea's KOSPI down over 6%. The Korea Exchange activated a sell-side sidecar and halted program trading as investors fled technology exposure following steep U.S. memory chip losses and heightened U.S.-Iran tensions that lifted crude oil a…
Breville Group's stock fell after the company reported record FY2026 sales alongside only marginal increases in operating profit and net profit. Gross margin compression, management's caution on ongoing tariff and cost pressures, and the absence of formal full-year guidance contributed to investor nervousness amid a weak broader market.
SK Hynix shares tumbled 8.3% to ₩1,524,000, leading losses on the KOSPI as the index recorded one of its sharpest single-session declines in recent months. A global risk-off mood driven by a spike in U.S. Treasury yields, concerns about inflation and rates, and the lapse of a 60-day U.S.-Iran peace deal weighed on technology stocks. Domestic policy…
CSL shares jumped 5% to A$165.88 on Wednesday, reaching their highest level in over six months after the global biopharmaceutical firm reported FY26 results and unveiled an A$1.1 billion on-market buyback. Management said the multi-year earnings reset has bottomed and provided guidance for roughly 5% growth in underlying net profit after tax for FY…
Geely Automobile stands out among Hong Kong-listed Chinese electric vehicle stocks by pairing the highest reported ROE in the group with a low price multiple and substantial free cash flow. While pure EV plays show faster revenue expansion, Geely's mix of profitability, conservative leverage, and valuation give it the most complete fundamental prof…
OpenAI reported sequential revenue growth of 18% in the second quarter, with sales reaching $6.7 billion for the three months ended June, but operating losses widened to $12.3 billion as the company struggled to keep pace with rival Anthropic, which more than doubled revenue to $11.6 billion and reported a small operating profit.
Iluka Resources recorded a A$24 million net loss for the six months to June 30, reversing a prior-year profit, as softer zircon pricing and reduced volumes pressured revenue and margins. Revenue fell 22% to A$433 million, while underlying group EBITDA dropped 77% to A$53 million and EBITDA margin compressed to 9% from 39% a year earlier. The compan…
Cerebras Systems introduced the CS-4, a server rack built around three of its large wafer-scale chips and a Nexus-based architecture designed to speed inference workloads for AI chatbots. The system, which includes the WSE-3 Turbo chip and updated networking elements, is due in the third quarter and is fabricated on TSMC's 5-nanometer process. Comp…
A U.S. bankruptcy court has postponed until September 9 a hearing to approve Alphabet's proposed $10 million purchase of internal data from bankrupt Spirit Airlines, after the Association of Flight Attendants-CWA filed an objection. The disputed data set includes employee communications and operational records that Google intends to use for product…
Breville Group reported a record A$1.81 billion in sales for the year ended June 30, with net profit after tax attributable to members rising 1.7% to A$138.1 million. The company cited robust demand for its coffee and cooking appliances while absorbing tariff headwinds, transition costs from a manufacturing diversification program, and inflationary…
JBS SA has proposed to acquire the remaining publicly held shares of Pilgrim’s Pride Corp by offering 2.086 JBS Class A shares for each Pilgrim’s Pride share, valuing each Pilgrim’s Pride share at $28.49 based on Tuesday's closing prices. The offer follows recent corporate moves by both companies and will need approval from Pilgrim’s Pride independ…
