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KOSPI Enters Bear Market: South Korea’s AI Stock Boom Cracks on July 9
KOSPI drops 20% into bear market as Samsung and SK Hynix tumble on AI spending doubts. Index still up 73% YTD but faces profit-taking after record rally.
Apollo Micro Systems Acquires 41% of Premier Explosives for ₹1,550 Cr—July 10
Apollo Micro Systems acquires 41% stake in Premier Explosives for ₹1,550 crore. Deal combines defense electronics with missile propellants, creating integrated defense manufacturer.
Kusumgar IPO Closes July 10: 6.31x Subscribed, ₹160 GMP—What Investors Need to Know
Kusumgar IPO closes 6.31x oversubscribed with ₹160 grey market premium. Price band ₹398–₹419. Listing July 15 on NSE and BSE. Check subscription status and key dates.
Dow Falls 576 Points on July 8 as Trump Ends Iran Ceasefire
Dow Jones dropped 576.76 points (1.09%) on July 8 after Trump ended the Iran ceasefire. S&P 500 fell 0.28%, Nasdaq rose 0.20%. Oil jumped 6.32% to $74.89.
Meta’s $13B Alberta Data Centre: What It Means for Investors
Meta to invest $13 billion CAD in its first Canadian data centre in Sturgeon County, Alberta. The 1-gigawatt facility will create 3,000 construction jobs and 300 permanent roles, generating $250 million annually for the province.
Nigeria’s Fake Agency Scandal: $950K Fraud Probe Ordered—July 9
Nigeria’s president orders probe into fake agency allegedly set up in his office with $950,000 in public funds. Man accused of forgery and impersonation is in hiding.
NVDA Stock Hits 7-Year Low Valuation After $1 Trillion Loss—July 10
Nvidia stock falls to 18x forward P/E, lowest since 2019, after $1 trillion market cap loss. Bank of America rates it a Buy; 95% of analysts agree.
Vedanta Power Shares Fall 3% Despite 38% Q1 Sales Jump—July 09
Vedanta Power Q1 sales jumped 38% to 5,225 MU driven by Meenakshi Energy’s 245% growth, but shares fell 2.8% to Rs 44.45 as brokerages debate valuation.
Dow Jones Falls 1.5% on July 8 as Iran Tensions Push Oil Above $80
Dow Jones fell 1.5% on July 8 as Trump ended Iran ceasefire, oil jumped to $80, and the IMF cut global growth forecasts to 3% amid geopolitical risks and inflation pressure.