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UP Power Bills Rise 10% in June as UPPCL Adds Fuel Surcharge
Uttar Pradesh electricity bills rise 10% in June 2026 with fuel surcharge. UPPCL’s calculation questioned by regulator. Affects 3.73 crore consumers.
ASX Falls 0.8% as Banks, Real Estate Weigh; Rare Earths Gain Status
ASX 200 falls 0.8% to 8656.60 as banks and real estate weaken. Arafura Rare Earths’ Nolans project gains significant status.
SAP Stock Surges 7.9% to $196.11 on Cloud and AI Push, June 02
SAP stock rises 7.9% to $196.11 on cloud and AI strategy momentum. Meyka rates it B+ with strong analyst support for enterprise software growth.
Kioxia Stock Hits 74,250 JPY on Wafer-Bonding Tech, June 02
Kioxia stock rallies on wafer-bonding tech and AI demand. Goldman Sachs upgrades to Buy with 93,000 JPY target. Market cap hits 40 trillion JPY.
DAX Ends May with Gains, Starts June Cautiously at 25,079
DAX falls 0.4% to 24,994 on June 1 after strong May. Geopolitical tensions and European weakness drive caution.
SMH Semiconductor ETF Hits $607.81 on Strong Chip Demand, June 02
SMH semiconductor ETF at $607.81, up 1.48% daily with 66.31% YTD return driven by AI chip demand and hedge fund buying.
Vietnam Opens Digital Assets as Loan Collateral for SMEs, June 01
Vietnam proposes letting SMEs use digital assets and crypto as loan collateral to unlock USD 24B credit gap. Draft law open for public consultation.
FTSE 100 Falls 0.68% to 10,338.95 on June 01
FTSE 100 slides 0.68% to 10,338.95. Eighteen companies pay dividends in June with yields up to 6.6%. Meyka rates the index C+ with 11,026 target.
Ashok Leyland Sales Fall 3% in May as Bus Demand Weakens
Ashok Leyland domestic sales decline 3% to 14,148 units in May 2026 as M&HCV bus volumes fall 35%. Stock drops 3.6% on weak results.