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…
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…
SanDisk stock (NASDAQ: SNDK) suffered another bruising session on Monday, dropping 12.6% to $1,673.97 as investors rushed out of memory and semiconductor stocks.The decline continued after the close, with the stock slipping a further 2.4% by late trading.The contrast is striking as SanDisk has fallen almost 29% from its late-June…
BP and Shell shares have staged a strong comeback this week, helped by rising crude oil prices. BP jumped to 505p, its highest point since June 22, and 12.2% above its lowest level this year.Similarly, Shell stock pumped to 3,109p, up by 8.6% from its lowest point this month. Other…
Asian stocks fell on Tuesday as a fresh escalation in the US-Iran conflict pushed oil to a one-month high and revived fears that an energy shock could force central banks to keep borrowing costs elevated.MSCI’s broadest gauge of Asia-Pacific shares outside Japan dropped 1.7%, while Taiwan’s benchmark slid to a…
US stocks face a potentially volatile session on Tuesday as investors digest bank earnings before the June consumer price index lands at 8:30 AM ET.Economists expect annual inflation to ease to 3.8% from 4.2% in May, helped by the earlier retreat in gasoline prices. Core inflation is forecast to rise…
Wall Street is beginning to factor SpaceX’s growing telecom ambitions into its outlook for the US communications sector.Research firm Bernstein on Monday lowered price targets for five major telecom companies, citing valuation risks tied to SpaceX’s Starlink business as investors increasingly assess the satellite operator’s long-term competitive threat.The brokerage reduced…
Papa Murphy’s is preparing for a sizeable retreat after parent company MTY Food Group identified dozens of loss-making US restaurants for closure.MTY plans to shut 68 corporate-owned locations across its portfolio, including roughly 45 to 50 Papa Murphy’s stores.The process will take six to nine months, with most closures expected…
Samsung Electronics is exploring the possibility of listing American Depositary Receipts (ADRs) in the United States, Bloomberg reported on Tuesday.According to the report, the South Korean technology giant has begun preliminary discussions with investment banks about a potential ADR offering, although the talks remain at an early stage and may…
Watches of Switzerland share price continued rising today, reaching its highest level since July 2023, helped by its strong earnings report and the rising hopes that it will be acquired. WOSG jumped to 779p, up by 138% from its lowest level in 2025. Watches of Switzerland share price jumps amid takeover…