South Korea’s benchmark stock gauge, tracking all main-listed equities on the Korea Exchange.
Norway’s sovereign wealth fund has posted a record first-half profit of about $185 billion as markets rally in tech names. It has disclosed a 0.05% stake in SpaceX, valuing the position at just over $1.2 billion, while its larger holdings include Nvidia, Apple and Microsoft. NBIM says the fund remains globally diversified and long-term oriented.
Retail sales volumes have fallen again in July, led by non-food and clothing sectors, while food and drink have bucked the trend thanks to hot weather and World Cup excitement. The Official Statistics Office says promotions were pulled forward into June, reducing July gains. The three-month trend remains positive, but the high street faces momentum challenges into autumn.
Alibaba has priced an HK$80 billion share placement, issuing 710 million new Class B shares at HK$112.70 each to non-U.S. investors. The deal values the company at about US$27 billion and will fund expansion of its AI capabilities and infrastructure. The move comes after a 75% profit drop in the June quarter and a sharp rise in capital expenditure.
Oil prices have surged as tensions in the Middle East intensify, pushing Brent above $100 a barrel while U.S. stocks retreat amid higher energy costs. Traders await inflation data and Federal Reserve signals as markets reassess risk.
Samsung and SK Hynix shares fall more than 3% as DeepSeek says it has reduced high-bandwidth memory in its AI models, dimming investors’ optimism after July’s rebound and amid rate-hike fears.
Global markets waver as AI-linked stocks retreat after OpenAI signals a potential year-end stock sale delay. SoftBank jumps on OpenAI ties; oil prices rise amid Middle East tensions. Wall Street edges lower as investors weigh safety over growth.
Global markets are volatile as AI-linked shares retreat amid funding risks. SK Hynix’s Solidigm reviews have been halted due to market conditions, while other AI infra players face investor scrutiny. The Kospi, Nasdaq, and European indices are all showing declines as inflation and rate expectations fuel selling.
Nvidia’s founder-CEO has been touring Europe to accelerate the company’s global AI ecosystem. He is backing startups in Europe, Saudi Arabia, South Korea, India, Malaysia and Africa, while urging sovereign AI models and infrastructure. Investors are watching whether government-backed demand can sustain chip demand amid funding challenges for neoclouds.
World markets have seen heavy tech losses after US midterms shift political power, signaling a potential AI investment slowdown. Tech giants and chipmakers lead declines while some observers warn of broader economic implications. Investors are watching policy signals and next moves as futures react to the changing landscape.
The Nasdaq 100 has fallen sharply, erasing trillions in value as AI-heavy tech leads the sell-off. Nasdaq down for the session; Nvidia and Tesla are among the hardest hit as regional and global markets wobble amid regulatory and growth concerns.