Asia

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SK Hynix shares jump in marquee US debut as AI euphoria persists

SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm …

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Expanding AI and chip firms push up rents in Beijing’s hi-tech district

Demand for Beijing’s grade-A office buildings increased in the first half of the year, with artificial intelligence and semiconduc…

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SBI Funds raises Rs 1,655 crore in a pre-IPO placement

SBI Funds Management secured ₹1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company's u…

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Groww faces technical glitch, client withdrawals hit

Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was attributed to an issue wit…

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IT rally powers markets over 1%; Sensex, Nifty end week with marginal losses

Indian equity indices saw a rise on Friday, boosted by information technology stocks. Tata Consultancy Services' earnings met expe…

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Star Market at 7: tech-centric stock exchange powers China’s innovation rise

President Xi Jinping gave investors a surprise in 2018 when he floated the idea of a tech-focused board on the Shanghai Stock Exch…

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SK hynix: From near collapse to AI chip powerhouse behind record US listing

Once on the edge of financial ruin, the South Korean chip giant has rebounded to debut on Wall Street in what is the largest US li…

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South Korean chip giant SK hynix surges on first day of trading on Wall Street

SK hynix’s NASDAQ listing raised US$26.5 billion, making it one of the largest stock sales in history.

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US stocks today: US stocks end higher as investors turn to earnings season

US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in …

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Forex reserves rise $7.3 billion as FCNR & ECB flows pick up

The country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, t…

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SK Hynix CEO sees worst memory shortage in 2027, demand to outstrip supply beyond 2030

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Indian Bank drops capital raising plan on lower ECL hit

Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower t…

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SK Hynix shares jump 14% in debut on US stock market riding on AI wave

SK Hynix shares surged on their Nasdaq debut, showing strong investor interest in chip stocks. The company's offering attracted si…

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Kotak Mahindra Bank to pursue acquisitions alongside organic growth

Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio i…

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Bank credit growth at two-year high at 18.6% as debt market turns costlier

Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same …

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Morgan Stanley warns AI chip rally may be running out of steam

Morgan Stanley's Lisa Shalett warned semiconductor stocks may be overvalued as hyperscalers increasingly develop lower-cost propri…

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Meta AI image detector fails to identify some of its own cropped AI images, Reuters analysis finds

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SK Hynix shares jump 14% in Nasdaq debut

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Circle shares surge 13% on getting regulatory approval to set up US trust bank

Circle secured final regulatory approval from the OCC for its national trust bank. This allows the stablecoin issuer to manage its…

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Global Markets: Chinese fast fashion retailer Shein finally wins approval for Hong Kong IPO

Fast-fashion titan Shein has gained approval for its Hong Kong IPO after previous attempts were blocked. Although the company has …

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PFC raises USD 300 mn via bonds carrying floating interest rates

Power Finance Corporation, a state-run entity, has triumphantly secured USD 300 million via bonds that feature floating interest r…

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South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

South Korean billionaire Chey Tae-won's bold acquisition of SK Hynix has paid off significantly. The company is now a leading prod…

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Warsh task force members get an A at the outset, but results will need broad buy-in

Federal Reserve Chairman Kevin Warsh has enlisted a team of fifteen renowned external experts to spearhead reform task forces. Thi…

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Wall Street banks rule on staff betting on prediction markets, sources say

In a significant move, major Wall Street banks have revised their employee conduct guidelines. The updated policies impose restric…