Wall Street banks hit a $260 million jackpot on SK Hynix’s mega deal
SK Hynix’s banks earned nearly $260 million in fees from the South Korean chipmaker’s US share sale, giving Wall Street a richer payday by percentage than last month’s record SpaceX…
Kospi Index jumps as Samsung, SK Hynix lead, but beware of key risks
South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in…
Hang Seng Index rally has stalled: what next for Hong Kong stocks?
The Hang Seng Index retreated to 24,011 on Thursday, paring back some of the gains made a day earlier. This drop mirrored developments in key markets like in the United…
USD/ZAR forecast: falling wedge points to a South African rand pullback
The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in the Middle East. It jumped to 16.50 on…
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…
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…
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,…