Stocks
Seoul stocks surge sharply on Micron earnings
Reported by AI Image generated by AI
The KOSPI index opened sharply higher on June 25, driven by Micron Technology's strong earnings. It rose 5.61 percent to 8,945.95 by 9:15 a.m.
The benchmark KOSPI index fell 9.99 percent to close at 8,203.84 on June 23 after foreign investors sold major semiconductor shares amid U.S. tech losses. The Korea Exchange activated a circuit breaker to halt trading for 20 minutes.
Reported by AI
SpaceX lost more than $600 billion in market value over three trading days following its plan to issue at least $20 billion in bonds. The move funds AI expansion linked to its xAI acquisition. Bitcoin held steady with a decline of less than 1 percent.
Approximately $26 billion in shares from 71 recently listed companies will become available for sale as IPO lock-ins expire between June 17 and September-end. A significant portion, totaling $15.96 billion from 31 companies, is set to become eligible in the coming month.
Reported by AI
The Nikkei 225 index surpassed 70,000 points following a preliminary agreement between the U.S. and Iran to reopen the Strait of Hormuz.
MTAR Tech shares rebounded sharply, gaining 12% after falling 15% over two days. The recovery followed company statements addressing investor concerns about a possible project delay.
Reported by AI
Four companies created by Vedanta's demerger are set to begin trading on June 15. Analysts recommend one of them as a strong buy.
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