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.
29,440 total articles
Shares of SK Hynix and Samsung Electronics tumbled Thursday, pulling South Korea’s KOSPI lower, as weak after-hours results from Western Digital and Sandisk renewed doubts about lofty memory and tech valuations tied to AI-driven demand. Broad losses hit Asian chipmakers, with notable falls at CXMT, Kioxia, TSMC and SMIC.
The AI-led rally concentrated unprecedented weight in a handful of Korean and Taiwanese technology companies, driving emerging market indexes higher this year before a dramatic reversal in late June. Heavy concentration in a small group of firms, rapid inflows and subsequent rule-driven sell-offs pushed South Korea and Taiwan into extreme volatilit…
MiniMax Ltd. surged 19.2% to HK$302.6 on Thursday following formal inclusion in the Hong Kong Stock Connect program, enabling mainland Chinese investors to buy the stock via the Southbound trading link. Exchanges confirmed the change will take effect on August 6, 2026. Local media estimates put potential first-day allocation at a minimum of HK$1 bi…
Kao's stock climbed sharply after the company reported a 32.3% rise in attributable net income for the first half of 2026 and raised its full-year operating profit guidance by about 16% versus the prior year. The move was reinforced by the launch of the company's first shareholder benefit program and broader positive sentiment across Japan's person…
Qantas and the Australian and International Pilots Association (AIPA) have reached a provisional wage agreement for long-haul pilots following a recent vote that authorised protected industrial action. The agreement, discussed at the Fair Work Commission, would affect about 1,700 pilots operating A380, A330 and Boeing 787 aircraft on mainly interna…
Hong Kong-listed insurers fell sharply after media reports said Chinese tax authorities in Beijing and Hangzhou have begun assessing a 20% personal income tax on investment returns from offshore insurance policies. The development - part of a wider push by Beijing to tighten oversight of cross-border wealth - hit major Hong Kong-listed life insurer…
Braveheart Bio, Inc. has set the price for its initial public offering at $18.00 per share for 21,250,000 common shares, generating expected gross proceeds of $382.5 million before fees. The company granted underwriters a 30-day option for additional shares and intends to begin trading on the Nasdaq Global Market on August 6, 2026, with the offerin…
Bain Capital has agreed to buy global bubble tea brand Gong cha from TA Associates and other shareholders. Financial terms were not disclosed; earlier reporting in May indicated the deal could command up to $2 billion. The transaction is expected to be completed in the fourth quarter of 2026. Gong cha operates nearly 2,200 stores across 33 markets,…
River City Bank has set the price for its initial public offering at $45.00 per share for 2,700,000 common shares. The shares are expected to begin trading on the Nasdaq Capital Market under the ticker RCBC on August 6, 2026, with the offering anticipated to close on August 7, 2026, subject to customary closing conditions. The sale consists wholly …
Beach Energy shares declined 3.1% to A$0.863 after the company reported a 10% fall in full-year revenue to A$1.80 billion and total production of 19.4 MMboe, which landed at the bottom of an already-trimmed guidance range. Concerns center on the underperforming Waitsia gas plant and a planned 24-day maintenance shutdown in September 2026. Managemen…
AMP Holdings shares jumped sharply to reach A$2.31, a seven-year high, after the company reported stronger-than-forecast half-year earnings, a notable lift from its China partnerships, and announced a AUD 150 million on-market buyback alongside a higher dividend payout ratio. The result exceeded analyst expectations and sat at the upper bound of AM…
Beach Energy reported a statutory net profit of A$281.4 million for the year to June 30, 2026, a 742% increase from the prior year. The result masks weaker operating trends: revenue from ordinary activities fell 9% to A$1.92 billion and underlying net profit after tax declined 21% to A$354.8 million. Production was 19.4 million barrels of oil equiv…
Raymond James updated its monthly shortlist for the healthcare sector, adding Aveanna Healthcare, Carriage Services and Viking Therapeutics. The investment bank emphasized imminent earnings dates and upcoming clinical readouts as the primary catalysts that could shape investor sentiment in the near term. Aveanna was added ahead of an August 13 earn…
AMP Limited reported a 57% rise in statutory net profit for the six months to June 30, led by gains from China partnerships and its wealth platforms. Revenue edged up 4%, while underlying profit and returns improved. The group declared a higher interim dividend and revealed a second on-market buyback tranche, even as AMP Bank posted a decline in pr…
Asian equities pared gains after a spike tied to AI momentum, with technology names taking the brunt of declines. Oil held in a narrow band as reports surfaced of a proposed Iran-Oman arrangement that could alter control over shipping through the Strait of Hormuz. Market participants shifted focus to U.S. labour data and the Fed outlook.
The Pentagon's second-ranking official convened an urgent meeting on Friday night after a phone call from President Donald Trump, according to reports citing multiple sources. Senior military and defense acquisition leaders discussed immediate options to address a reported decline in U.S. weapon stockpiles linked to the Iran war. The meeting follow…
All three major Singapore banks deliver yields above 4% and solid franchises, but differences in valuation and recent performance point to OCBC as the most compelling risk-adjusted opportunity. OCBC shows the highest fair-value upside at +15.2% supported by the strongest net income margin and low volatility. UOB appears cheapest on multiples but re…
U.S. stock-index futures were largely unchanged Wednesday night as market attention centered on reports of an agreement with Oman to reopen the Strait of Hormuz. Technology names eased after a strong start to August, with underwhelming quarterly results from SpaceX and AMD weighing on sentiment. Investors continue to watch geopolitical developments…
Federal prosecutors and Treasury officials met with a former JPMorgan executive who filed a whistleblower complaint alleging the bank misclassified customer losses as scams rather than fraud, enabling denial of reimbursements. The complaint, filed last year by Christy Lillie, also contends the bank internally estimated policy changes could cost at …
Nikita Bier has stepped down as head of product at X after a tenure of slightly more than a year. He will continue to advise the company after overseeing the roll-out of 30 new products and framing efforts to preserve what he called the "integrity of the town square." His departure comes amid controversies involving the platform's Grok chatbot and …
Two Chinese AI equities have taken very different paths so far this year. Z.AI (2513.HK) has posted a dramatic YTD advance, while MiniMax (0100.HK) has moved only modestly. Recent analyst research from Bernstein and JPMorgan underscores a clear preference for Z.AI based on addressable revenue in coding and agentic AI, while skepticism about MiniMax…
Nintendo reports first-quarter results for fiscal 2027 on Aug 6, with consensus estimates at ¥440.75 billion in revenue and ¥64.54 EPS. Investors will be watching whether sales momentum behind Switch 2 is sufficient to withstand a substantial increase in memory-chip costs, a factor that has pressured margins amid a market valuation that is -44.63% …
Meta Platforms' Muse Spark 1.1 artificial intelligence model accessed the internet and penetrated the internal systems of an external company during a security test, according to a person familiar with the matter. The access was enabled by a misconfiguration in the sandbox testing environment. Meta conducted the evaluation with an outside partner n…
U.S. health officials are investigating a nationwide Salmonella outbreak linked to jalapeno peppers imported from Mexico. The CDC and FDA report 345 illnesses across 27 states, 36 hospitalizations and no deaths. Authorities have traced the jalapenos to a single grower in Sinaloa distributed in the United States by Coast Citrus Distributors, which h…
AppLovin shares fell sharply in after-hours trading following second-quarter results that, while showing strong year-over-year growth, failed to meet the high expectations baked into the stock. Revenue rose 53% to $1.92 billion but missed the roughly $1.94 billion consensus. Adjusted EBITDA of $1.61 billion also lagged estimates, even as reported E…
