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Mizuho Sues Radiant World in Singapore Court as Police Probe Widens
Singapore police raid Radiant World’s office investigating falsified documents. Mizuho Bank files court injunction against the iron ore trader on August 28 as five banks discover fake invoices.
South Korea’s KOSPI Crashes 40%, Erasing 400 Trillion Yen in Market Value
South Korea’s KOSPI index crashed 40% in six weeks after an AI bubble burst. The market lost 400 trillion yen as retail investors faced devastating losses on leveraged bets.
Samsung Affiliates Face 45% Premium Offer for S-1 Stake as Activist Investor Pushes Landmark Deal
Samsung affiliates received a formal buyout offer for their combined stake in S-1 Corp on August 27, 2026. Singapore-based Flashlight Capital Partners proposed acquiring the 20.6% stake at 116,000 won per share. That price represents a 45% premium to Wednesday’s closing price. The deal totals 906.6 billion won, or $655 million, testing South Korea’s revised…
KOSPI Rebounds 0.97% as Leveraged ETF Outflows Ease Chip Volatility
KOSPI climbs 0.97% to 6,808 as Samsung and SK Hynix gain on chip strength and lower oil prices. Leveraged ETF outflows of nearly $1 billion signal cooling AI investment fervor in South Korea.
South Korea’s KOSPI Rebounds 0.97% on Chip Gains Ahead of Nvidia Earnings
South Korea’s KOSPI climbs 0.97% to 6,808.21 on August 26 as chip stocks rally ahead of Nvidia earnings. The index is recovering from a 40% crash that wiped out $2.5 trillion in value over six weeks.
US Stock Market Outlook: Dow and S&P 500 Futures Flat, Nasdaq Futures Down 0.2%
US stock futures were little changed on August 26, 2026, as investors stayed cautious ahead of two major market events. Dow and S&P 500 futures hovered around the flat line, while Nasdaq futures slipped about 0.2%. Wall Street is waiting for Nvidia’s quarterly earnings and July PCE inflation data, the Federal Reserve’s preferred inflation gauge….
Nvidia Earnings in Focus After Stock Loses 7.5% in Seven-Day Losing Streak
Nvidia enters its earnings report today, August 26, 2026, after a seven-session losing streak that erased roughly 7% of its value. The stock snapped that skid Tuesday, closing up 2.2% to end the longest losing run since 2022. Nvidia reports fiscal second-quarter results after market close, with Wall Street expecting revenue near $92 billion. That…
Welspun Corp Shares Tumble 6% as ₹1,433 Crore Block Deal Changes Hands
Welspun Corp shares tumbled up to 5.94% to ₹2,206.10 on the NSE on August 26, 2026. The drop followed a ₹1,433.44 crore block deal in the morning trading window. MD & CEO Vipul Mathur and promoter group entity Welspun Investments and Commercials were among the sellers in the transaction. The stock had closed at ₹2,345.50…
Enflame Plans $892 Million Shanghai IPO, Offering 43 Million Shares as China’s AI Chip Race Heats Up
China’s AI chip race is entering another busy phase as Enflame Technology targets a 6 billion yuan ($892 million) Shanghai IPO. The Tencent-backed chipmaker plans to issue 43.04 million new shares, with subscriptions set to open on September 2, 2026. Price consultations will start on August 28. The offering comes as Chinese AI chipmakers draw…