South Korean shares fell sharply for a third consecutive session on Wednesday, with heavy losses in semiconductor stocks and growing concerns over AI-related valuations dragging the benchmark index into bear market territory. The sharp decline followed an early rebound in the session. Samsung Electronics rose as much as 1.4% during morning trading, while SK Hynix… Continue reading South Korean shares erase early gains, slump 5.2% as AI-driven chip selloff deepens
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JPMorgan says Tesla-SpaceX merger idea has logic: is TSLA a buy now?
Tesla stock (NASDAQ: TSLA) remained under pressure as Wall Street debated whether a future tie-up with SpaceX could reshape the company’s valuation story. TSLA closed around $402.90, down over 4% on Tuesday and was red in pre-market trading on Wednesday. The downward push came despite recent delivery data improving sentiment around the electric-vehicle maker. The… Continue reading JPMorgan says Tesla-SpaceX merger idea has logic: is TSLA a buy now?
Nikkei 225: bullish pattern emerges as Kioxia stock, Japan bond yields jump
The Nikkei 225 Index traded sideways on July 8 as artificial intelligence (AI) stocks rebounded after Tuesday’s sharp sell-off. The index was trading at 39,770, about 7% below its highest level this year. Despite the recent weakness, it has formed a highly bullish technical pattern, signaling that a rebound could be on the horizon. Kioxia,… Continue reading Nikkei 225: bullish pattern emerges as Kioxia stock, Japan bond yields jump
Hang Seng Index rallies as Alibaba, Tencent, Lenovo shares surge
The Hang Seng Index staged a strong comeback today, reaching its highest level since June 18, as investors rotated towards Chinese technology companies that have been left behind in the recent rally. It jumped to 24,057, up by 6.8% from its lowest point this year. Hang Seng Index soars as tech firms jump Chinese tech… Continue reading Hang Seng Index rallies as Alibaba, Tencent, Lenovo shares surge
KOSPI rebound puts Samsung, SK Hynix back in focus after brutal chip rout
The KOSPI’s rebound on Wednesday showed that investors are not ready to walk away from South Korea’s chip trade, even after a bruising selloff. Samsung Electronics and SK Hynix both recovered from early losses as bargain hunters returned to memory-chip names, betting that AI demand and tight supply still support earnings. The move came after… Continue reading KOSPI rebound puts Samsung, SK Hynix back in focus after brutal chip rout
3 Asian stocks analysts say could lead the July 2026 rally
Asia’s stock rally is becoming more selective as July begins. Investors are no longer buying every technology or AI-linked name blindly, especially after Samsung’s record profit guidance failed to stop a sharp chip-sector sell-off. Samsung shares fell 6.9% on Tuesday, as investors looked worried about AI stocks running too far. That makes the next phase… Continue reading 3 Asian stocks analysts say could lead the July 2026 rally
Brent crude oil price jumps after US strikes on Iran, death cross hints at reversal
Brent crude oil price jumped to $76 after the US and Iran ceasefire came under substantial pressure overnight. It has risen by 8.45% from its lowest level this month. Similarly, the WTI benchmark rose to $72.38 from this month’s low of $66.50. US and Iran ceasefire at risk of ending The ceasefire deal signed between… Continue reading Brent crude oil price jumps after US strikes on Iran, death cross hints at reversal
Dow falls from record high as AI chip selloff drags Wall Street lower
The Dow Jones Industrial Average retreated from record levels on Tuesday as a renewed selloff in artificial intelligence-linked semiconductor stocks outweighed gains in defensive sectors, while rising oil prices added to investor caution. The Dow fell 131 points, or 0.3%, after reaching a fresh intraday record earlier in the session. The S&P 500 declined 0.5%,… Continue reading Dow falls from record high as AI chip selloff drags Wall Street lower
Figma stock jumps 6% as BofA backs AI outlook
Figma Inc. (FIG) shares climbed more than 6% on Tuesday after Bank of America reinstated coverage of the design software company with a Buy rating. The brokerage argued that artificial intelligence is strengthening its competitive position and creating new opportunities for revenue growth. The brokerage assigned Figma a $30 price target while reinstating coverage of… Continue reading Figma stock jumps 6% as BofA backs AI outlook