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Alibaba (9988.HK) Surges 12% on Cloud Revenue Growth Forecast—July 9
Alibaba (9988.HK) surged 12.2% to HK$107.5 on July 8 after reports of 45% Alibaba Cloud revenue growth forecast and improved Taobao Flash Sale efficiency, lifting the Hang Seng Tech Index 5%.
Rocket Lab Stock Jumps on $8B Iridium Deal and Morgan Stanley Bull Case—July 8
Rocket Lab to buy Iridium for $8B. Morgan Stanley sets bull target at $293. RKLB stock down 17% this week but up 115% over 12 months. Deal closes mid-2027.
Kalyan Jewellers Stock Bounces 5% on Citi Buy Rating Despite Q1 Miss
Kalyan Jewellers stock rebounds 5% to ₹374 on Citi’s Buy rating and ₹750 price target, signaling 111% upside despite Q1 revenue missing forecasts. Meyka grades the stock B+.
Apollo Micro Systems Falls 5% After ₹3,322 Crore Fundraise Approval—July 9
Apollo Micro Systems shares fell 5% on July 8 after board approved ₹3,322 crore fundraise via 22.8 million equity shares at ₹416.60 and 56.9 million convertible warrants. Stock up 117.6% in past year.
Bank of Kochi Falls 2.5% as Zentoshin Bankruptcy Exposes ¥1.2B Loan Loss—July 9
Zentoshin bankruptcy with ¥115.2 billion debt hits 200,000 merchants and regional banks. Bank of Kochi discloses ¥1.2 billion loan exposure. Restaurants lose credit card processing, face cash-only crisis.
EasyJet Agrees £5.2bn Takeover by Castlelake on July 8, 2026
EasyJet agrees to £5.2bn takeover by Castlelake at 690p per share. Deal requires regulatory clearance and shareholder vote by August 3, 2026.
Bombardier Stock Gains as NATO Picks GlobalEye for $4.5B Deal
NATO selects Saab GlobalEye aircraft built on Bombardier Global 6500 jets for up to $4.5 billion deal. Bombardier stock gains on major defence contract validation.
Jim Cramer’s July 8 Stock Picks: 5 Buys in Market Rotation
Jim Cramer identifies PepsiCo, Caterpillar, Intel, and GE Vernova as buys after market rotation. He says institutional selling has created discounts in quality stocks ahead of earnings and infrastructure buildout.
KOSPI Enters Bear Market on July 8 as Samsung Tumbles 20%
KOSPI enters bear market after 20% fall from peak. Samsung drops 4% despite 19-fold profit surge. AI spending fears and Middle East tensions weigh on South Korean stocks.