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Kospi Plunges 6% on July 30 as SK Hynix Earnings Disappoint
Kospi drops 6.1% to 5,656 after SK Hynix misses earnings forecasts despite record profits. South Korea announces emergency measures to stabilize markets and restrict leveraged ETFs.
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…
Hermès (EPA: RMS) Shares Sink 10.59% as EPS Miss at €21.32 Overshadows €3.35B Profit Beat
Hermès shares plunged as much as 10.59% on Wednesday, July 29, 2026. The drop came despite the French luxury house posting €3.4 billion in operating income for H1 2026. Diluted earnings per share came in at €21.32, down slightly from €21.39 a year earlier. A Q2 revenue miss and persistent China weakness drove the sharp…
Ford (NYSE: F) Stock Rises 2% After Q2 Revenue Hits $44.9B, EPS Beats at $0.42
Ford shares rose nearly 2% in regular trading Tuesday, July 28, 2026, ahead of its earnings release. The automaker reported adjusted EPS of $0.42, beating the $0.35 analyst estimate by 21%. Automotive revenue reached $44.89 billion for the quarter. Ford also raised its full-year 2026 profit outlook for the second time this year. Ford Beats…
ICE Detains Dozens at US Airports Over Expired Visas on July 29
ICE arrests surge at US airports targeting expired visa holders. Advocates warn noncitizens to avoid air travel as detentions spike across California, Colorado, Florida, and other states.
SK Hynix Quarterly Profit Jumps 557% but Falls Short of Market Expectations
On July 29, 2026, SK Hynix reported a 557% increase in quarterly operating profit, helped by strong demand for high-bandwidth memory (HBM) chips used in artificial intelligence (AI) systems. The company also recorded its highest-ever quarterly revenue, reflecting continued growth in AI-driven memory demand. Even so, the results came in below market expectations, and the…
Aeon Stock Jumps 4.5% After Kumamoto Earthquake Destroys Mall on July 29
Aeon (8267.T) stock surged 4.5% to ¥1,439.50 after a 6.8-magnitude earthquake destroyed its Kumamoto mall on July 28. The mall had just reopened last month after a decade of recovery from the 2016 quake.
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…
Intact Financial Corp. Reports Lower Q2 Profit as Insurance Revenue Increases
On July 28, 2026, Intact Financial Corp. reported lower second-quarter profit even though insurance revenue continued to rise. Higher premium income was not enough to offset increased catastrophe losses and rising claims costs. Investors are paying closer attention to profitability rather than revenue growth alone as the insurer deals with a more challenging claims environment. …