Market News

The Kospi Index has retreated into a technical bear market after falling by 23% from its highest point this year. This sell-off continued today as it plunged to its lowest level since May 20th. So, will the blue-chip index fall further, or will it stage a comeback? Why the Kospi Index has plunged The Kospi… Continue reading Kospi Index is in a bear market: is the South Korean party over?

Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,… Continue reading Plug Power stock sinks even as turnaround story builds, short interest hits 27.4%

Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has… Continue reading Celestica stock is up 125% in 12 months: more upside ahead?

Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month low of $4.88 in New York, down by 40% from its highest point this year despite its strong delivery numbers. Nio’s vehicle deliveries are soaring Nio has emerged as one of the fastest-growing… Continue reading Nio stock crashes on weak outlook despite EV delivery surge: now what?

Nvidia stock remains under pressure this week as the recent sell-off continues. It dropped to $189, down by 18% from its highest point this year, with its valuation falling by nearly $1 trillion. Still, the stock has formed a highly bullish pattern and has landed at a core support, suggesting a rebound is possible. Nvidia… Continue reading Nvidia stock hits key support, forms bullish pattern as key valuation metric dips

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

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

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

Palo Alto Networks stock continues its strong uptrend this week and is now hovering at its all-time high. PANW jumped by 156% from its lowest point this year, with analysts expecting more gains.  BNP Paribas predicts that PANW will jump from the current $357 to $380, while Wells Fargo sees it soaring to $420. Other… Continue reading Here’s the key risk facing the Palo Alto Networks stock today