The Kospi Index continued its strong recovery as technology companies like Samsung and SK Hynix soared. It jumped to 7,377, up by 15% from its lowest point this month. Still, technicals suggest that the worst may not be over for the blue-chip South Korean index.Kospi Index jumps ahead of South…

Asian stocks rallied on Wednesday as a surprise drop in US inflation eased fears of an imminent Federal Reserve rate increase, while a pause in oil’s surge removed some of the pressure that had dominated markets earlier in the week.South Korea’s Kospi surged 7%, Japan’s Nikkei 225 rose 1% and…

Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It slipped to H$25.82 in Hong Kong, a few points below this month’s high of H$26.70. Xiaomi is losing market share in the smartphone industryA report released by Omdia…

TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock higher.The chipmaker reports at 2 AM ET on July 16. Analysts expect second-quarter net profit to surge 59% to NT$632.6 billion, which would mark a fifth consecutive…

Groww parent Billionbrains Garage Ventures reported that its consolidated net profit nearly doubled in the first quarter, driven by strong growth in transacting users and higher trading activity across its investment platform.The results also lifted investor sentiment, with the company’s shares rising during trading.The company posted a consolidated net profit…

PayPal’s stock surged in premarket trading after reports emerged that Stripe and Advent International had offered to acquire the company for over $53 billion. The offer, valued at $60.50 per share, represents roughly a 28% premium over PayPal’s most recent closing price. Shares have traded as low as $38.46 over the…

IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure.The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed…

ASML Holding raised its financial guidance for 2026 on Wednesday after reporting stronger-than-expected second-quarter earnings and announcing plans to increase capacity.The results showed that robust demand for artificial intelligence chips continues to fuel investment across the semiconductor industry.The Dutch company, the world’s largest supplier of semiconductor manufacturing equipment, now expects…

Crypto exchange Bitrue has launched an artificial intelligence-powered trading platform that lets users build and activate automated strategies without writing code, as demand for AI-linked markets accelerates among its customers.The product, called Bitrue AI, can generate a personalised strategy in about 10 seconds after a user selects an asset and…