Tag: shares surge
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Asia shares surge on tech mood swing, oil retreats
SYDNEY, Aug 5 : Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 3.4 per ce
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China chipmaker CXMT’s shares surge 470% in Shangai trading debut
SHANGHAI: Shares of CXMT Corp surged nearly 470 per cent at their Shanghai debut on Monday (Jul 27) after Asia’s biggest IPO this year, catapulting the chipmaker to the top of China’s stock market by valuation despite a recent selloff in global tech stocks.The stock began trading at 49.50 yuan compared to its
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SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb
SEOUL, July 15 : Shares in SK Hynix jumped nearly 13 per cent in Seoul on Wednesday, tracking gains in U.S. tech stocks after softer-than-expected U.S. inflation data, while upbeat analyst views on the outlook for AI memory demand also supported sentiment.The rally lifted other South Korean semiconductor stoc
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Korean chip shares surge on Micron’s blowout earnings, SK Hynix’s US listing plan
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology’s quarterly results and forecast beat expectations, boosting optimism over AI-driven chip shortages. South Korea’s SK Hynix also said on Wednesday it plans to raise up to $29.4 billion throug
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South Korean chip shares surge after Micron flags strong AI-related demand
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology’s quarterly results and forecast beat expectations, boosting optimism over sustained demand for AI-related chips.Shares of SK Hynix and Samsung Electronics rose as much as 11.6 per cent and 6.2
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