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Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam
📅 in 34 minutes

Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam

On July 29, 2026, Korean stocks came under heavy selling pressure after SK Hynix shares fell nearly 20%, erasing a large part of this year’s AI-driven gains. The decline came despite the chipmaker reporting record revenue and a sharp rise in quarterly profit. Investors had expected even stronger results, and the market responded quickly. The…

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FTSE 100 Today: Index Gains 0.50% as Earnings Boost UK Stocks Despite Middle East Strikes
📅 1 hour ago

FTSE 100 Today: Index Gains 0.50% as Earnings Boost UK Stocks Despite Middle East Strikes

The FTSE 100 gained 0.50% by mid-morning trading on Wednesday, July 29, 2026. Strong earnings from Standard Chartered, Reckitt Benckiser, and Rio Tinto drove the rally. This extended Tuesday’s 0.90% gain, when the index closed at 10,878.85. The advance came despite fresh US and Saudi military strikes against Iran-backed groups in Iraq. FTSE 100 Extends…

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US Stock Market: Nasdaq Futures Slip as KOSPI Plunges Nearly 6%, S&P 500 Futures Rise 0.2%
📅 3 hours ago

US Stock Market: Nasdaq Futures Slip as KOSPI Plunges Nearly 6%, S&P 500 Futures Rise 0.2%

Stock Market futures showed a split reaction Wednesday, July 29, 2026, as Asian chip stocks tumbled. South Korea’s KOSPI plunged nearly 6%, dragged down by a disappointing SK Hynix earnings report. S&P 500 futures edged up 0.2%, while Nasdaq-100 futures slipped slightly. Iran’s resumed attacks on regional targets also lifted oil prices overnight. KOSPI Plunges…

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Nikkei 225 Closes at Two-Month Low After 1.91% Decline in Tech Shares
📅 6 hours ago

Nikkei 225 Closes at Two-Month Low After 1.91% Decline in Tech Shares

On July 29, 2026, Japan’s Nikkei 225 dropped 1.91% to its lowest close in more than two months as technology stocks drove a broad market decline. Semiconductor and AI-related companies came under heavy selling pressure after weak global market sentiment hurt investor confidence. The selloff has raised fresh questions about whether Japan’s recent stock market…

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Data Breach: Experts Warn Leaked Bank of Baroda Information Could Aid Cybercriminals
📅 7 hours ago

Data Breach: Experts Warn Leaked Bank of Baroda Information Could Aid Cybercriminals

Cybersecurity concerns increased after reports emerged on July 27, 2026, that data linked to Bank of Baroda had been breach or posted on the dark web. The bank said the incident involved a compromised employee email account and confirmed that its core banking systems were not affected.  Even so, cybersecurity experts believe the leaked information…

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Interfor Shifts HQ to Georgia as Tariffs Squeeze Canadian Lumber
📅 8 hours ago

Interfor Shifts HQ to Georgia as Tariffs Squeeze Canadian Lumber

Interfor moves corporate operations from Burnaby, BC to Georgia office as U.S. softwood lumber tariffs and weak market conditions force strategic restructuring of Canada’s largest lumber company.

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Dow Jumps 537 Points as Oil Slides, Chip Stocks Plunge
📅 10 hours ago

Dow Jumps 537 Points as Oil Slides, Chip Stocks Plunge

Dow Jones climbed 537 points to 52,747 on July 27 as oil prices fell and investors rotated away from chip stocks. Nasdaq fell 0.22% as semiconductor ETF SMH dropped 3%.

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FTSE 100 Rises 0.22% as Markets Recover From Chip Sell-Off, Middle East Risks Persist
📅 1 day ago

FTSE 100 Rises 0.22% as Markets Recover From Chip Sell-Off, Middle East Risks Persist

On July 28, 2026, the FTSE 100 advanced 0.22%, bouncing back after a sharp global sell-off in semiconductor stocks unsettled investors earlier in the week. Strong corporate earnings and bargain buying helped support the UK’s benchmark index, while tensions in the Middle East continued to keep traders cautious. Investors are weighing encouraging company results against…

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10Y Treasury ~4.62% as Oil Slides; Yield Curve Holds Positive Slope (30Y ~5.11%)
📅 1 day ago

10Y Treasury ~4.62% as Oil Slides; Yield Curve Holds Positive Slope (30Y ~5.11%)

The 10-year Treasury yield eased to roughly 4.62% on July 28, 2026, pulling back from last week’s highs. Brent crude fell to $86.58 a barrel, down 1.54% on the day, as hopes grew for renewed US-Iran talks. The 30-year Treasury yield slipped to 5.111%, while the 2-year fell to 4.301%. Despite the pullback, the Treasury…

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