Market News

The Kospi Index tumbled by over 9% today, June 26, erasing most of the gains made earlier during the week. It retreated to 8,275, lower than the year-to-date high of 9,387. This retreat and the ongoing volatility has led to concerns on whether the South Korean stock market bull run is ending. Kospi Index tumbles… Continue reading Kospi Index: Is the South Korean stock market bull run ending?

Cathie Wood’s Ark Innovation Fund (ARKK) ETF stock has remained inside a narrow range in the past few months. ARKK has remained between the support and resistance levels at $72.68 and $82.35 since April. It has risen by 9% in the last 12 months, while the Nasdaq 100 Index has soared by 28%.  ARKK has… Continue reading What’s the point of investing in Cathie Wood’s ARKK ETF anyway?

Western Digital stock has embarked on a major bull run this year, reaching its highest point on record on June 18. It has soared by 264% this year and 960% in the last 12 months, bringing its market capitalization to over $221 billion. While this rally may continue after the Micron earnings, WDC faces some… Continue reading Soaring Western Digital stock faces some major risks: is a reversal coming?

The S&P 500 Index has surged more than 21% over the past 12 months and is up 7% year to date, adding trillions of dollars in market value. The rally has been fueled by the ongoing artificial intelligence boom, which has driven corporate earnings growth to multi-year highs. Top software stocks are plunging this year… Continue reading Why software stocks like INTU, ADBE, TTD, WDAY, CRM are trailing the S&P 500

The Hang Seng Index continued its strong downward trend this week, reaching its lowest level since June last year. HSI has dropped in the last eight consecutive days and is down by nearly 20% from its highest point this year.  The Hang Seng has diverged from other global indices like the Nikkei 225 and Kospi… Continue reading Hang Seng Index forms death cross as Anthropic accuses Alibaba of distilling

The Nikkei 225 Index jumped and neared its all-time high as memory and semiconductor companies like Kioxia, Tokyo Electron, Advantest, and Keyence Corporation soared. It jumped by over 5% to 71,950, a few points below the all-time high of 72,781. Kioxia, Tokyo Electron, Advantest, and Keyence boosts Japan stocks The Nikkei 225 Index has soared… Continue reading Nikkei 225 Index nears crucial price as Kioxia, Tokyo Electron, Softbank stocks surge

South Korea’s Kospi Index jumped by over 5% on Thursday, and is slowly nearing its all-time high of 9,387. It has soared by 184% in the last 12 months, making it the best-performing global index. Similarly, the iShares MSCI South Korea ETF (EWY) has soared by 171% in the same period and is nearing the… Continue reading Kospi Index, EWY ETF jumps after Micron earnings, but major risks remain

Zeta Global stock price jumped on Tuesday after the company intensified its pivot towards artificial intelligence (AI) by partnering with Palantir Technologies. It jumped to $20.50, and then pared back some of those gains to close at $19.50. So, will this partnership boost ZETA shares in the near future? Zeta Global inks key partnership with… Continue reading Zeta Global stock soared after the Palantir deal: Is it a good buy today?

The Roundhill Memory ETF (DRAM) stock price dropped sharply this week as investors waited for the financial results of one of its biggest constituent companies. It also reacted to a new report about SK Hynix, the second-biggest company in South Korea. It was trading at $70 on Wednesday, a few points above this week’s low… Continue reading DRAM ETF stock forms a bearish divergence as key risks remain