Tag: stocks rebound
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Stocks rebound as Mideast mediation pushes oil lower
July 21 : Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation efforts in the Middle East, and investors braced for corporate earnings that will test an AI trade that is under pressure.Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia, a
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Korean chip stocks rebound after overnight US selloff, as chip supply remains tight
SEOUL, July 8 : Shares of South Korean chipmakers Samsung Electronics and SK Hynix rebounded on Wednesday after early losses, as investors bought the dip following a sharp selloff fuelled by concerns over the sustainability of the AI-driven chip boom.Samsung rose as much as 1.4 per cent and SK Hynix climbed a
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