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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.
Deutsche Telekom Slips 0.43% on July 29 as DAX Weakness Spreads
Deutsche Telekom (DTE.DE) dropped 0.43% to €27.47 on July 29 amid DAX weakness. The stock trades at a B grade with a 12-month forecast of €25.56, down 11.5% year-over-year.
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…
Agentic AI Powers OCBC’s Faster Wealth Client Onboarding With HELIOS Platform
On July 29, 2026, OCBC introduced HELIOS, an agentic AI platform built to speed up wealth client onboarding while maintaining strict compliance standards. The bank says the platform can complete onboarding in as little as 15 business days, much faster than the industry average of about six weeks. As competition for high-net-worth clients increases, private…
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…
Japan’s Defense Budget Hits $63B as Air-Missile Systems Reshape Strategy July 29
Japan’s FY2026 defense budget reaches $63 billion as PM Takaichi Sanae prepares new security documents to reshape air and missile defense strategy amid China tensions.
iPhone Air Plunges 26% on Amazon Japan as Inventory Glut Deepens July 29
iPhone Air hits 26% discount on Amazon Japan on July 29. The 1TB model falls to ¥169,800 from ¥229,800, signaling demand weakness and inventory glut for Apple’s thin flagship.
TCS (NSE: TCS) Surges 12% in Five Sessions as AI Optimism Sparks IT Stock Rally
TCS shares have rallied 12% over the last five trading sessions as of Wednesday, July 29, 2026. The stock is now up 17% over the past month, sharply outperforming the broader Nifty 50. Renewed AI optimism and a stronger-than-feared Q1 earnings reset have powered the rally. Peers Infosys, HCL Tech, and Wipro have also posted…
Jack Cole Signs 3-Year Deal With Perth Bears From 2027
Perth Bears sign Penrith halfback Jack Cole on three-year deal from 2027. The 23-year-old joins the expansion club’s inaugural squad after 18 games with the Panthers.