Kospi tumbles as Asian markets ask if Samsung’s AI boom is priced in
Asia’s chip rally finally met a stronger earnings number it could not celebrate. Samsung Electronics delivered a forecast that would normally electrify the market, pointing to another record quarter as…
NZD/USD forecast: bearish signals emerge ahead of RBNZ decision
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ)…
AI rally faces reality check as Asian stocks slip before Samsung earnings
Asian markets started the week with a more careful tone as investors moved from macro relief to earnings scrutiny. Lower oil prices have eased one of the biggest inflation worries,…
Kospi Index slides as foreigners dump ahead of Samsung earnings
The Kospi Index retreated by over 1.5% today, July 6, as foreign investors continued to sell their shares ahead of Samsung Electronics’ preliminary earnings report. It was trading at 7,947,…
The Onion’s new parody of Alex Jones’ Infowars starts with $100,000 to Sandy Hook families
The satirical news site The Onion isn’t waiting to take possession of Infowars to launch a parody of Alex Jones ’ conspiracy platform. More than a year after first trying…
US stocks see biggest exit since March: is Wall Street’s rally at risk?
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally. Investors pulled $17.2 billion from US stock funds in the…
Evening digest: European stocks hit records, Bitcoin tops $62K
Europe’s major stock markets ended higher on Friday, with the STOXX 600 and Germany’s DAX hitting record highs as investors rotated into cyclical sectors. Bitcoin climbed above $62,000 as large…
Hang Seng Index slumped in H1 as Nikkei 225, Kospi soared: here’s why
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the…
Hang Seng Index slumped in H1 as Nikkei 225, Kospi soared: here’s why
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the…
SoftBank stock surges: is OpenAI loan the next big AI catalyst?
SoftBank Group stock rose on Thursday after a report said the Japanese investor had revived talks for a$10 billion loan backed by its OpenAI stake. The development gave markets another…