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.
23,109 total articles
TD Securities upgraded Diageo plc from hold to buy and increased its price targets to 1,750 pence for the London-listed shares and $93 for the American depositary receipt. The broker cited what it called a valuation dislocation, confidence in cost-led improvements under new CEO Dave Lewis, and an anticipated strategy update tied to fiscal 2026 resu…
Taiwan's benchmark closed sharply lower on Friday, with the Taiwan Weighted index falling 2.24% as weakness in the Semiconductor and Electronics sectors drove broad selling. Several individual names recorded double-digit percentage moves in both directions, while energy, precious metals and currency indicators also moved during the session.
Shares of Japanese memory-chip maker Kioxia tumbled 12% after reports that OpenAI may delay its IPO, a development that sparked broader declines in AI-related equities. The company, a top producer of memory chips and the most valuable member of the Nikkei 225, has recently signaled plans to pursue a U.S. listing of American depositary shares and is…
TD Cowen has elevated Rhythm Pharmaceuticals to its top biotechnology pick after the company released six-month Phase 2 results for Imcivree in Prader-Willi syndrome showing measurable BMI reduction and reductions in hyperphagia among study participants. The investment house frames the data as supportive of moving the program into Phase 3 and assig…
SpaceX is exploring a consumer-facing mobile phone service under the Starlink brand for U.S. customers and may ultimately construct its own terrestrial wireless network, people familiar with the matter said. The potential offering would expand Starlink beyond wholesale partnerships with telecom operators and place SpaceX in direct competition with …
Samsung Electronics shares fell sharply on Friday, tumbling 7.8% to ₩330,500 amid a broad tech-sector sell-off that began on Wall Street. The immediate catalyst was Apple’s move to raise MacBook and iPad prices to offset higher memory and component costs, which weakened confidence in the strength of AI-driven hardware demand. The decline was intens…
Alibaba's stock tumbled to a fresh 52-week low after Anthropic accused operators tied to the company's Qwen AI lab of using nearly 25,000 fake accounts to flood the Claude model with tens of millions of requests, and as Alibaba filed a lawsuit seeking removal from the U.S. Department of Defense's "Chinese Military Companies" list. The combined repu…
South Korea’s main stock index, the KOSPI, dropped sharply on Friday as steep declines in technology and chipmaking shares led to a market-wide sell-off. The index fell more than 8%, activating a circuit breaker that stopped trading for 20 minutes. Investors reacted to price increases from Apple and reports that OpenAI may delay its public offering…
Major Asian suppliers to Apple fell sharply after Apple raised prices for MacBooks and iPads, stoking investor concern that rising semiconductor costs are denting consumer demand and technology spending. South Korean memory names led the selloff while several Japanese and Chinese component suppliers also tumbled; Taiwan-based manufacturers were rel…
At Honda Motor's annual shareholders meeting in Tokyo, Chief Executive Toshihiro Mibe apologised for the automaker's recent poor financial results and secured approval for his reappointment to the company's board. Shareholders also approved ten other director nominees as Honda seeks to recover from strategic missteps that led to its first annual lo…
Shares of Luk Fook climbed after the company reported record full-year results for the fiscal year ended March 31, 2026, with revenue and profits rising sharply and the board proposing a materially higher dividend. Management also announced plans to re-establish a presence in Singapore with a VivoCity flagship as part of a three-year push for overs…
Samsung Group and SK Hynix are expected to present multi-year investment programs centered on semiconductors, artificial intelligence infrastructure and other advanced technologies at a government-hosted economic briefing on June 29. Reports say Samsung's plan could exceed 1,000 trillion won over the next decade, while SK Hynix is poised to raise u…
Sinda Ltd. has set the price of its initial public offering at $12.00 per share for 17,750,000 common shares and granted underwriters a 30-day option to buy up to 2,662,500 additional shares. The company expects its common stock to begin trading on the New York Stock Exchange under the symbol SIND on June 26, 2026, with the deal expected to close J…
Asian equities fell sharply on Friday as investors booked gains following an AI-led rally earlier in the week. Losses were concentrated in South Korea and Japan after Apple raised prices on Macs and iPads to offset rising chip costs, reviving concerns around AI-related hardware expenses. Markets elsewhere in the region also declined while investors…
Australia is reviewing enforcement of its under-16 social media account ban after new research found limited changes in adolescent platform use six months after the law took effect. The government says it will test the robustness of the law and consider strengthening the eSafety Commission's powers while several platforms face potential fines and l…
SoftBank Group shares fell roughly 13% after reports indicated OpenAI is seriously considering postponing its initial public offering from 2026 to 2027. The move undercuts near-term monetization hopes for SoftBank, which holds an estimated $65 billion stake in OpenAI and co-led the company’s $122 billion funding round in March 2026. The decline rev…
Asian stocks eased from record levels as investors digested steep price increases from Apple that underscored rising chip and memory costs. The sell-off in major technology names, mixed signals from earnings, and month-end rebalancing weighed on regional indices, while the yen remained close to four-decade lows on the prospect of policy interventio…
BofA Securities held its Underperform rating on Fox Corp with a $54 price target, acknowledging near-term advertising benefits from the FIFA World Cup and raising revenue and multi-year profit estimates, yet warning that investor focus on Fox’s planned Roku acquisition and legacy television risks will likely keep the stock range-bound.
Morgan Stanley analysts say Chinese vehicle demand may be approaching a floor following a challenging second quarter, but they do not expect a substantial recovery before late summer. Their checks indicate sales have stabilized even as consumer appetite remains soft and near-term earnings catalysts are limited. The bank cites mid-year promotions, s…
SoftBank Group shares tumbled after a report indicated OpenAI is leaning toward postponing its anticipated initial public offering until next year. The report said advisers recommended caution for OpenAI's leadership following weak market reactions to recent private-market activity and ongoing financial strains at the company. The potential delay t…
Lingyi iTech Guangdong Co is due to begin trading in Hong Kong after completing an HK$8.3 billion initial public offering priced at HK$10.18 per share. The company, already listed in Shenzhen, attracted cornerstone investors and plans to allocate a significant portion of proceeds to boost production for AI computing servers, optical communications …
U.S. equity futures were largely unchanged Thursday evening as Wall Street registered mixed trading and moved toward weekly losses after a week of weakness in technology names. Gains in memory chip stocks, led by Micron, helped lift semiconductor benchmarks even as heavyweight tech shares, including Apple, posted sharp declines. Data showed PCE inf…
BofA Securities has upgraded Nomura Holdings Inc to Buy from Neutral and raised its price target to ¥1,650 from ¥1,490, pointing to improved earnings quality and a more sustainable return on equity profile led by consistent growth in wealth management and investment banking.The broker expects a sharp rebound in first-quarter net profit to ¥108.2 bi…
BHP will divide its President Americas position into separate President North America and President South America roles, the miner said. Jessica Farrell will become President, North America on July 1 and will also serve as President, South America until a permanent appointment is made. Incoming CEO Brandon Craig said the changes are intended to sup…
I-Pulse, backed by mining giant BHP, has signed an agreement with the U.S. Department of Commerce securing a $250 million award from the CHIPS Research and Development Office to develop silicon-carbide semiconductor components for pulsed-power systems. The program, led by an Albuquerque team near national research facilities, will involve U.S. nati…
