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Finance News — Page 151
Kospi Drops 16% in Two Days on SK Hynix Miss
South Korea's benchmark Kospi Index plunged more than 16% over two days as disappointing SK Hynix earnings deepened fears about the AI buildout, triggering a second consecutive circuit breaker.
Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom
Twenty of the world's most valuable chip companies lost $1.3 trillion in market cap since Friday's close, led by Nvidia's $238 billion rout, as investors retreated from the AI-fueled rally.
Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision
Bitcoin edged up 0.75% to $64,328 as crypto markets held steady ahead of a Federal Reserve interest-rate decision that traders still price at a 35% probability of a hike — the first in three years.
SK Hynix Plunges 10% as Earnings Miss Deepens Chip Rout
SK Hynix shares plunged nearly 10% despite record quarterly results that missed consensus by about 5%, extending a crash that has now wiped out more than half the stock's value since June and dragging
Crypto Exchanges' Tokenized TradFi Hits $6.6B
CoinGecko reports that tokenized traditional assets on major centralized crypto exchanges grew nearly fivefold to $6.6 billion between January 2025 and June 2026, with perpetual futures on US stocks a
UBS CEO says the AI pullback is healthy — but there’s a bigger risk investors should watch
UBS posted a 64% jump in pre-tax profits to $3.6 billion in Q2 as CEO Sergio Ermotti called the AI-driven market correction "healthy" and flagged geopolitical volatility as the bigger near-term risk f
SK Hynix shares tank as exponential earnings growth fails to satisfy AI-charged expectations
SK Hynix shares fell 9.6% on Wednesday after the memory chipmaker's second-quarter revenue and operating profit missed LSEG SmartEstimates, despite 257% year-on-year revenue growth and a 557% surge in
South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge - AP News
South Korea's Kospi fell 6% and broader Asian shares were mixed as oil prices surged, while a tech sell-off dragged SoftBank down 10% and SK Hynix's disappointing results fueled a record $2 trillion r
South Korea Minister Apologizes Over Leveraged ETF Losses
South Korea's finance minister apologized Wednesday after retail investors suffered heavy losses on leveraged single-stock ETFs tracking chip giants, with the Kospi plunging nearly 35% in a month as t
Morgan Stanley: Tokenized Assets to Bring Crypto Mainstream
Morgan Stanley executives say tokenized assets could bring blockchain-based finance to mainstream investors, as access to digital asset products expands and reshapes portfolio strategies.
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now
The Federal Reserve is expected to leave its benchmark interest rate unchanged at this week's meeting, but frustration over inflation running above the central bank's 2% target for over five years is
SK Hynix Record Profit Misses AI Expectations, Shares Fall 10%
SK Hynix posted record profit but still fell short of investors' outsized AI-fueled expectations, sending shares tumbling roughly 10% as Micron stock rose on the news.
South Korea plans stablecoin rules as opposition pushes crypto tax repeal
South Korea's Financial Services Commission will draft a unified Digital Asset Basic Act with the ruling Democratic Party to resolve 10 stalled crypto bills covering stablecoins and exchanges, while o
Ionic Digital Jumps 26% in Nasdaq Direct Listing
Ionic Digital, the Bitcoin miner formed from bankrupt crypto lender Celsius's restructuring, jumped 26% in its Nasdaq direct listing debut Tuesday, reaching a roughly $2.8 billion market cap before sl
SK Hynix Q2 Profit Surges 557% to Record, Misses Estimates
SK Hynix posted another record quarterly profit as AI-driven memory demand pushed operating earnings up 557% year-on-year, but both revenue and operating profit fell short of LSEG SmartEstimates forec
SK Hynix Shares Fall 13% on Record-Profit Miss
SK Hynix posted a record $41.62 billion quarterly operating profit fueled by surging AI memory chip demand for data centers, but the figure missed analyst forecasts, sending shares tumbling 13%.
Markets Don’t Buy the US Ceasefire Against Iran Will Last
Prediction markets are pricing in roughly 50-50 odds that a newly announced US-Iran ceasefire will hold for two consecutive weeks, despite both sides holding fire for a third day.
Cramer flags Wall Street rotation out of AI memory stocks
Jim Cramer said Wall Street is taking profits in AI infrastructure winners and rotating into non-AI growth plays, with memory stocks like Western Digital giving back nearly 40% from June highs.
Micron’s stock sinks toward worst monthly drop in 11 years as China fears escalate
Micron's stock fell 8.9% on Tuesday and is now down more than 29% in July, putting it on track for its worst monthly drop since a 32.6% fall in June 2015, as investors grow increasingly anxious about
Samsung, SK Hynix Plunge as China Chip Fears Hit KOSPI
Samsung and SK Hynix plunged on Tuesday, with the combined selloff dragging South Korea's KOSPI down 10.8% as investors weighed Chinese chip competition, AI-infrastructure financing concerns, and SK H
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