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.
30,181 total articles
Taiwan's Investigation Bureau carried out coordinated searches between July 13 and Aug. 4, deploying 330 agents to 64 locations and interviewing 114 people as part of a probe into 17 Chinese companies suspected of illegally recruiting semiconductor and other high-tech staff. Authorities named several publicly listed firms under scrutiny and said th…
Indonesia's economy grew 5.29% in the second quarter from a year earlier, surpassing market forecasts but decelerating from a 5.61% expansion in the first quarter. On a non-seasonally adjusted quarter-on-quarter basis GDP rose 3.73%. The reading was marginally below the government's 5.4% forecast and arrives amid scrutiny of presidential policy mov…
A banking group led by Morgan Stanley is preparing to place up to $15 billion of debt tied to a Google-backed data center leased to Anthropic into the bond market. The financing, earmarked for a 2,000-acre campus under construction in Hubbard, Texas, is expected to be split into multiple bond offerings and could also see portions moved into the lev…
Daikin Industries posted fiscal first-quarter revenue growth of about 17% to ¥1.43 trillion, yet reported a roughly 1.7% decline in net profit as higher costs and financial expenses eroded operating performance. Shares fell 7.9% to ¥21,880 after the results, with China sales down 12% and European sales underperforming expectations. The company’s op…
Mitsubishi UBE Cement Corp. is preparing for an initial public offering on the Tokyo Stock Exchange as early as December. The Tokyo-based cement producer, jointly owned by Mitsubishi Materials Corp. and UBE Corp., has named Citigroup, Mizuho Financial Group, Morgan Stanley and Nomura Holdings as joint global coordinators. The company applied to lis…
SpaceX President Gwynne Shotwell said Starlink aims to operate as a full terrestrial mobile carrier, a move that follows the company’s $19.6 billion EchoStar purchase for 65 MHz of licensed wireless spectrum. The announcement, made alongside SpaceX’s first quarterly earnings as a listed company, prompted volatility in SpaceX stock and immediate aft…
SoftBank Group shares climbed sharply after Arm Holdings rallied in U.S. trading and the group's domestic telecom unit reported a record first-quarter revenue with accelerating cloud and AI sales. The twin developments helped drive a broad recovery in chip-related names and supported gains in Japan's equity benchmark.
Ibiden Co. saw its shares leap after quarterly results substantially exceeded analyst forecasts and management sharply raised full-year operating profit guidance. Robust orders for high-performance IC package substrates in the electronics segment, a 1-for-2 stock split and already-positive analyst coverage combined with a strong broader market to d…
A large tranche of SpaceX shares held by employees and pre-IPO investors becomes eligible for sale on Thursday, presenting the next major liquidity test for the company's public stock. Up to 912 million shares could hit the market as insiders who bought stakes prior to the June listing gain the ability to sell, a move that market participants warn …
Asian equities climbed broadly as investors returned to technology and chip stocks after a combination of lower oil prices, falling bond yields and robust U.S. earnings boosted appetite for the AI trade. Japan and South Korea posted the strongest advances, while mainland Chinese and Hong Kong markets also recovered. Energy-related weakness and upco…
The U.S. and Japan executed a joint currency intervention for the first time since 1998, triggering a rapid yen appreciation from 163.99 to 157.47 in days. While the coordinated action marks a milestone in yen defense, market indicators and key technical thresholds suggest the outcome will hinge on whether USD/JPY holds above the 155 pivot or slips…
Gift Nifty 50 is holding a bullish posture on the 5-hour chart, trading at 24,706 and roughly 0.7% above its 20-period average. Price action shows strength relative to key moving averages, yet momentum indicators are diverging: Money Flow Index has softened to 24.90 and a resistance wick at 24,797.50 signals selling pressure. Key support sits betwe…
Stocks of Chinese companies that make optical components for data centers fell sharply after a report that U.S. regulators are drafting measures to prohibit imports of new Chinese data center parts. Market participants weighed the implications for exporters with significant U.S. exposure as officials cited security concerns tied to AI infrastructur…
Samsung Electronics and SK Hynix have been testing semiconductor fabrication tools from China's Advanced Micro-Fabrication Equipment (AMEC) at their Chinese manufacturing sites, according to a Reuters report citing people familiar with the matter. The evaluations began about two years ago as the companies seek backup sources for equipment, servicin…
General Motors and SAIC Motor have renewed their 50-50 joint-venture agreement in China for a further 20 years after a comprehensive restructuring of GM's China operations. The retooled partnership will concentrate on Buick and Cadillac brands, increase vehicle development in China, and use the market as an export hub for Buicks and Cadillacs to re…
Japan's services sector continued to expand in July, but at a slower pace than in June, according to the final S&P Global Services PMI. The index fell to 51.2 from 52.2, with new business growth at a two-year low and foreign demand contracting for a fourth month. Input costs rose strongly, prompting firms to pass higher prices to customers at the f…
Gold prices were largely rangebound on Wednesday as market participants weighed signs of diplomatic progress in the Middle East against persistent expectations that U.S. interest rates may remain elevated. Modest gains in bullion and other precious metals were recorded while attention turned to upcoming U.S. labor reports that could influence the F…
Japan's labor ministry reported a 3.4% year-on-year increase in nominal wages for June, matching economist forecasts and marking a fifth straight month above 3%. Base pay advanced 3.4%, a core full-time measure excluding bonuses and overtime rose 2.9%, and real wages were up 1.7%—the sixth consecutive monthly gain and the longest streak since 2021.…
Minutes from the Bank of Japan's June policy meeting indicate several board members expect consumer inflation to pick up in the second half of the current fiscal year, driven by planned corporate price increases and elevated fuel costs. Two of eight board members supported moving policy rates toward more neutral levels faster, and Governor Kazuo Ue…
Samsung Electronics and SK Hynix have been testing etching equipment from China's Advanced Micro-Fabrication Equipment (AMEC) at their factories in China as a contingency against stricter U.S. export restrictions. While no wider roll-out has been decided, the trials highlight how U.S. controls intended to curb China's chip ambitions may be creating…
The Hang Seng is trading inside a precarious short-term band as technical indicators present mixed signals. Price sits between the short-term SMA(20) and a key support area near 25,700 while remaining above the long-term SMA(200) and inside the Ichimoku Cloud. A completed break below 25,700 or a decisive move above the 26,204 double top should dete…
Sysco Corp has stopped sourcing iceberg lettuce from Mexico and halted sales and distribution of Taylor Farms iceberg lettuce from Mexico after a U.S. cyclosporiasis outbreak was linked to product served at Taco Bell. The company carried out a voluntary recall, and the Food and Drug Administration has tied the outbreak to Taylor Farms operations in…
U.S. stock index futures climbed modestly on Tuesday evening, continuing the momentum from a Wall Street session that closed at record levels. The advance was driven by renewed appetite for technology shares and easing oil prices, but late-session weakness in SpaceX and AMD following their quarterly reports limited the upside. SpaceX also signaled …
Shares of China-listed companies that supply components for data centres fell sharply after reports that the U.S. government is drafting a measure to forbid imports of new models of Chinese data-centre components, including optical transceivers. The CSI300 Telecommunication Services Index dropped about 6% in early trading, while export-dependent co…
SoftBank Corp reported its strongest first-quarter revenue on record, driven by robust demand for AI, cloud and enterprise services. The company posted higher operating and net income for April-June, while parent SoftBank Group’s stock jumped sharply on the results. Management left its full-year guidance and dividend plan unchanged.
