Asian technology stocks fell sharply on Friday, as SoftBank Group tumbled more than 12% and chip-heavy markets from Tokyo to Seoul came under fresh pressure.The selloff followed a fourth straight decline on the Nasdaq, where Apple sank 6.1% after announcing price increases for iPads and MacBooks to offset surging memory…
The Kospi Index tumbled by over 9% today, June 26, erasing most of the gains made earlier during the week. It retreated to 8,275, lower than the year-to-date high of 9,387. This retreat and the ongoing volatility have led to concerns about whether the South Korean stock market bull run…
Asian markets are learning that the AI boom has a price tag. A week that began with record highs ended with investors questioning whether surging demand for memory chips is becoming an inflation problem for technology buyers. Apple’s decision to raise prices on iPads and MacBooks rattled sentiment, even as…
BlackBerry Ltd. reported a stronger first quarter, posting higher profit and revenue compared with the same period last year while increasing its revenue outlook for the full fiscal year.The software company, which reports its financial results in US dollars, recorded a net profit of $8.5 million for the three months…
The German DAX Index experienced some volatility this week, as investors reacted to some notable news from key constituents like Rheinmetall, Volkswagen, and Bayer. It was trading at 25,000, up by nearly 5% from its lowest level this month.Bayer, Rheinmetall, and Volkswagen are moving the DAX IndexThe DAX Index jumped…
Advanced Micro Devices (NASDAQ: AMD) stock has surged more than 130% this year, but Wall Street is still chasing the stock higher.In June alone, Barclays, UBS, Mizuho and Bernstein all raised their price targets on the chipmaker as analysts are no longer treating AMD as just a second-place GPU challenger…
BP and Shell share prices continued their downward trend today, reaching their lowest levels since February 27. BP dropped to 472p, down by 22% from its highest point this year, while Shell slipped to 2,900p from the year-to-date high of 3,592.BP and Shell shares are falling as crude oil prices…
European shares opened lower on Friday as weakness in global technology stocks weighed on investor sentiment.The decline came after technology shares tracked losses seen in Asian markets and US futures, while online fashion retailer Zalando came under pressure following an accounting investigation by Germany’s financial regulator.The pan-European STOXX 600 index…
South Korean stocks ended their worst week in more than three months on Friday, capping a turbulent stretch that has also prompted comparisons between the country’s benchmark equity index and the meme-stock frenzy that gripped global markets in 2021.The benchmark KOSPI index closed down 519.09 points, or 5.81%, at 8,411.21…
Wall Street’s AI trade is heading into Friday with less confidence than it had 24 hours ago.Nasdaq futures led the decline as chip stocks gave back part of their Micron-driven rally, while investors again questioned whether the sector’s explosive gains have run ahead of earnings reality.The mood was not helped…