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SK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimism
SEOUL, July 13 : SK Hynix shares dropped as much as 8.2 per cent in early Seoul trade on Monday as investors booked profit, after a high-profile U.S. listing saw the world’s leading AI memory chipmaker surge 12.8 per cent in its Nasdaq debut on Friday.The South Korean firm raised over $26 billion selling Amer
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Shares slip in Asia as oil jumps on Gulf attacks
SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar gained with bond yields as investors nudged up the chance of a hike in intere
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SK Hynix shares fall as much as 4.4% in Seoul after strong Nasdaq debut
SEOUL, July 13 : SK Hynix shares fell as much as 4.4 per cent in early trade on Monday after the world’s leading AI memory chipmaker surged 12.8 per cent in its Nasdaq debut on Friday, following a high-profile U.S. listing.The South Korean memory chip manufacturer raised more than $26 billion by selling Ameri
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Wall Street climbs, oil slides as investors bet on AI growth over Middle East tensions
WASHINGTON, July 10 : Stocks climbed and oil prices slipped somewhat as investors retained AI-related enthusiasm and shrugged off the ongoing dispute between the U.S. and Iran.All three major U.S. indices ended the day higher Friday, with the Dow Jones Industrial Average rising 0.29 per cent, the S&P 500 clim
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Yen climbs as Japan considers nudging pension funds into domestic assets
NEW YORK, July 10 : The yen strengthened on Friday and was poised for its biggest daily percentage gain in more than a week after Japan said it plans to encourage pension funds to increase their holdings of domestic financial assets.Japanese Finance Minister Satsuki Katayama said the government was pursuing m
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SK Hynix’s shares jump 14% in marquee US debut as AI euphoria persists
July 10 : SK Hynix’s U.S.-listed shares jumped 14 per cent in their Nasdaq debut following its $26.5 billion share sale, in a sign of resilient investor enthusiasm for semiconductor stocks that have recently pulled back after a dizzying rally. The South Korean chipmaker is the latest to ride a frenzy of inves
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SK Hynix’s shares indicated to jump 20% in marquee US debut
July 10 : SK Hynix’s U.S.-listed shares were indicated to jump 20 per cent in their Nasdaq debut following its $26.5 billion share sale, signalling strong enthusiasm in semiconductor stocks despite a recent pullback.The South Korean chipmaker is the latest to ride a frenzy of investor interest in firms percei
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Yen strengthens as Japan considers nudging pension funds into domestic assets
NEW YORK, July 10 : The yen climbed on Friday and was on track for its biggest daily percentage gain in more than a week after Japan said it plans to encourage pension funds to increase their holdings of domestic financial assets.Japanese Finance Minister Satsuki Katayama said the government was pursuing meas
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Wall Street and oil prices tread water as investors eye SK Hynix, Middle East tensions
LONDON/WASHINGTON, July 10 : Global stocks rose on Friday but Wall Street opened in mixed territory, as AI-related enthusiasm over the market debut of South Korean chip bellwether SK Hynix led investors to brush off tit-for-tat attacks between the U.S. and Iran. The Dow Jones Industrial Average was up 0.16
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SK Hynix’s marquee US debut set to test AI appetite
July 10 : SK Hynix’s U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors’ belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Its American Depositary Receipts were indicated to open at $178.07 per share in early trading
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