Top Asian stocks in the memory industry retreated sharply today, July 2, as profit-taking gained steam. In Japan, Kioxia stock retreated to ¥75,160, down by 33% from its highest point this year. It has jumped by 555% this year. The same trend happened in South Korea, where SK Hynix gapped downwards,…
The Kospi Index slumped by over 7% as volatility in South Korea’s equity market continued. It plunged to a low of 7,733, down by 17.50% from its highest point this year. Memory stocks drag the Kospi Index lowerThe Kospi Composite Index remained on edge today as its recent volatility gained momentum.…
The Nikkei 225 Index has sold off recently as investors book profits following its strong rally to the all-time high of 72,781 in June. It was trading at 69,190 on Thursday, up by 37% this year. This article looks at the key catalysts that will drive the index this month.Nikkei…
SoftBank Group stock rose on Thursday after a report said the Japanese investor had revived talks for a$10 billion loan backed by its OpenAI stake.The development gave markets another reason to bet on Masayoshi Son’s artificial intelligence push.The stock climbed 2.3% to ¥6,137, outperforming a 0.5% rise in the Nikkei…
Wall Street is heading into July with a more bullish tone after a volatile June, as strategists point to seasonality, stronger earnings and renewed AI appetite as potential tailwinds for US equities.Wells Fargo, in a strategy note led by Ohsung Kwon, called for a “strong summer rally ahead,” citing improving…
Apple stock (NASDAQ: AAPL) remained in focus on Thursday after reports of an expanded iPhone launch cycle, setting up a familiar split screen for investors: a powerful company, but a stock that no longer looks cheap.The catalyst was a Nikkei Asia report that Apple is preparing at least five new…
Artificial intelligence has remained one of the strongest investment themes in global markets this year, but recent swings in technology stocks have prompted strategists to caution investors against becoming overly concentrated in the trade.Last week marked one of the sharpest bouts of volatility for AI-linked stocks in months, as investors…
OpenAI has discussed giving the US government a 5% equity stake in the company as policymakers seek greater oversight of the rapidly expanding sector and explore ways for Americans to benefit financially from the AI boom, according to a Financial Times report.The proposal, which remains in the conceptual stage, would…
CrowdStrike stock (NASDAQ: CRWD) looked like it had fallen off a cliff on Thursday, with the stock moving from roughly $773 at Wednesday’s close to about $193 on split-adjusted screens.The scary-looking drop was not a selloff, but a company’s scheduled 4-for-1 stock split taking effect.Investors who held one share now…
US stock futures slipped before Thursday’s jobs report, leaving Wall Street with a cautious tone after a weak session for technology shares. The rally that carried equities through the first half is not broken, but investors are becoming more selective as chip stocks lose momentum and the Federal Reserve stays…