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.
30,184 total articles
Universal Scientific Industrial (USI) shares dropped sharply after its controlling shareholder outlined plans to reduce part of its stake. ASE Investment Holdings, an indirect unit of Taiwan-based ASE Technology, intends to divest up to 47.8 million shares - no more than 2% of USI's total share capital - through block trades executed by Huan Cheng …
Apple shares rose modestly in U.S. premarket trading after a report said the company is seeking clearance from the Trump administration to procure memory chips from ChangXin Memory Technologies (CXMT). The move comes as DRAM and NAND prices climb on robust AI-driven demand, prompting Apple recently to raise prices on select iPad and MacBook models …
The Australian government will table legislation to tighten a landmark ban on children under 16 using social media, increasing penalties and granting its eSafety regulator expanded powers to compel internal documents as it investigates possible non-compliance by major platforms. Prime Minister Anthony Albanese and Communications Minister Anika Well…
Kaisa Capital Investment Holdings saw its shares jump as much as 6.4% after its wholly owned subsidiary, Yiyu Asia Pacific Limited, announced a strategic cooperation agreement with a technology firm described as a global leader in AI computing power and domestic AI chip technology. The pact aims to combine each party's strengths to promote the use …
Baidu's stock climbed sharply after reports that its AI chip subsidiary, Kunlunxin, is aiming for a roughly $50 billion valuation in a Hong Kong initial public offering. The parent company's shares rose more than 7% to HK$105.80, helping to lift the Hang Seng index. The planned listing follows a confidential filing earlier this year and comes as Ba…
Asian markets traded in a choppy, uneven session as investors balanced enthusiasm for artificial intelligence-related growth against concerns about rising costs. A fragile U.S.-Iran ceasefire kept oil prices elevated and supported a strong dollar, while regional equities showed mixed performance with South Korea and Taiwan diverging sharply.
Toyota said on June 29 that global vehicle sales fell for a fourth consecutive month in May, with total deliveries down 7.2% year-on-year to 834,279 units. Overseas sales slipped 9.6% while Japan saw an 11.1% increase supported by demand for models such as the RAV4 and bZ4X. Regional weak spots included a 31.7% drop in China and a 38.6% fall in the…
Lenovo warned at the ISC 2026 conference that DRAM and NAND memory prices are unlikely to return to last year’s lows due to structural demand from artificial intelligence workloads. The comments coincided with an almost 10% drop in the company’s Hong Kong-listed shares and followed a volatile stretch for chip stocks.
TUHU Car's stock climbed after its board authorized a dual program combining open-market repurchases of Class A ordinary shares with funding for trustee purchases under its Second Post-IPO Share Plan, capped at HKD 1.5 billion ($193 million). The announcement arrived as the stock opened near a 52-week low, and the board framed the package as an exp…
Shares of Kakaku.com rose after reports that Bain Capital and LY Corp are preparing a binding offer that would exceed EQT's ongoing takeover bid. The move follows due diligence and comes after a prior proposal from the consortium in May. Kakaku's board had recommended acceptance of EQT's offer, but a higher bid could prompt reconsideration.
Shares of Mitsubishi Heavy Industries climbed after reports the company plans to double production capacity for large gas turbines by fiscal 2030, backed by a commitment of more than ¥100 billion to boost factories in Japan and the United States. Investors linked the move to surging electricity demand from AI data centers and a wave of gas-fired po…
Mitsui E&S Co. shares fell modestly after China added the company and 19 other Japanese entities to an export control list tied to potential military links. The move raises scrutiny over shipments from China, particularly of dual-use goods, and highlights Mitsui E&S’s reliance on Chinese suppliers for heavy machinery and ship engine components.
Citi analysts argue that record heat across Europe may prompt a sustained rise in demand for cooling equipment, presenting a growth opportunity for U.S. heating, ventilation and air-conditioning manufacturers. With air-conditioning adoption in Europe far below levels seen in the United States and Japan, companies such as Carrier Global, Trane Techn…
Asian equities opened the week unevenly as investors balanced relief from a temporary halt in U.S.-Iran hostilities against renewed caution about high valuations in AI-linked stocks. Technology and semiconductor names saw selling pressure after last week’s volatility, while regional economic data and a busy global calendar kept market participants …
China's Ministry of Commerce announced the addition of 20 Japanese entities to its export control list, including subsidiaries tied to Mitsubishi, Fujitsu, Komatsu and Japan's Institute for Defence Studies. Exporters to those entities must now obtain permission from Beijing and commit that goods will not be used to strengthen Japan's military. The …
Lenovo shares fell sharply after executives warned that DRAM and NAND memory prices are unlikely to revert to previous levels for an extended period amid strong demand from the artificial intelligence sector. The guidance intensified market concerns already stirred by recent product price increases from Apple and reports that OpenAI may delay its I…
UBS increased its price target for Taiwan Semiconductor Manufacturing Co. (TSMC) to T$3,400 from T$3,000 and reaffirmed a Buy rating, citing outsized demand from the artificial intelligence industry. The bank raised its 2026 sales growth forecast and flagged a multi-year capex ramp through 2026-2028 to expand capacity, potentially easing supply con…
Samsung Electronics and SK Hynix are preparing to disclose combined investment commitments of roughly 2,000 trillion won (about $1.3 trillion) to expand South Korea's semiconductor and artificial intelligence infrastructure. The announcements, expected at a government-organised event, will outline a decade-long plan by Samsung and a similar-sized p…
Morgan Stanley bumped its second-quarter Tesla delivery estimate to roughly 413,000 vehicles from about 373,000 after April-May registration data in Europe and China outperformed expectations. The bank kept a $415 price target but held a conservative view on energy storage rollouts, trimming its Q2 deployment forecast to 11.8 GWh versus the Street'…
South Korea will present three large-scale projects intended to accelerate the country’s AI and semiconductor ambitions, including a proposed new chip cluster in the southwest that local media say could draw investments from Samsung and SK totalling hundreds of billions of dollars over several years. The package, announced by the president’s office…
Three Chinese brokerage units - Yongan Futures, Orient Futures and Guotai Junan Futures - are preparing or planning applications for membership of the London Metal Exchange (LME). The prospective moves aim to increase Chinese firms' participation and revenue share in global metals derivatives trading. Only six of the LME's more than 40 clearing mem…
Citi analysts report that enterprises are increasingly turning to open-weight and open-source AI models after regulators and developers limited access to some frontier systems. Recent model releases, funding rounds and rising token volumes for open platforms have narrowed the performance and cost gap with proprietary offerings, though talent and da…
Argentina's president announced the appointment of Interior Minister Diego Santilli as the nation’s new chief of cabinet, replacing Manuel Adorni who resigned amid an investigation into alleged illicit enrichment and criticism over personal travel. The move follows reports of falling presidential popularity and rising tensions within the cabinet.
Momenta Global has filed for a Hong Kong initial public offering to raise up to HK$5.89 billion ($751.10 million). The company says proceeds will primarily support R&D for autonomous driving, push forward Robotaxi commercialisation and cover working capital and corporate needs. The filing sets an offering of 19.9 million shares at HK$295.60 each, w…
U.S. equity futures advanced Sunday evening after reports indicated Washington and Tehran agreed to pause attacks around the Strait of Hormuz and resume negotiations. Sectors tied to shipping, energy and technology remain sensitive to developments as traders weigh the implications for tanker traffic, oil supply risk and upcoming corporate and econo…
