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STI Falls 1.2% on August 19 as Bank Stocks Slip; Meyka Rates Index Hold
Singapore’s STI index fell 1.2% on August 19 as DBS, OCBC, and UOB slipped. The three banks account for 57% of the index’s weight, raising concentration concerns despite a strong 24% year-to-date rally.
Asian Stocks Slump as KOSPI Plunges 5.42%, SK Hynix Crashes 9.2% and Samsung Falls 7.6% in Chip Selloff
Asian stocks came under heavy selling pressure on August 19, 2026, as a sharp decline in technology shares spread across regional markets. South Korea’s KOSPI plunged more than 5%, dragged down by steep falls in SK Hynix and Samsung Electronics. The selloff followed weakness in US AI and semiconductor stocks. Rising bond yields and higher…
Meta Rejects Claims It Addicted Children to Facebook and Instagram as 29 US States Seek Billions
On August 18, 2026, Meta faced a major legal challenge as 29 US states accused the company of designing Facebook and Instagram to keep children hooked. The trial in Oakland, California, could lead to billions of dollars in penalties and force changes to how the platforms operate. Meta strongly denies the claims, saying its products…
Zaggle Prepaid (NSE: ZAGGLE) Shares Surge 15% to ₹190.94 as Vijay Kedia Firm Buys 1.48% Stake
Zaggle Prepaid Ocean Services shares surged as much as 17% intraday on Wednesday, August 19, 2026, before settling near the 15% mark around ₹190.94. The rally followed news that ace investor Vijay Kedia’s firm, Kedia Securities, bought a 1.48% stake in the fintech company. The stock had crashed to a record low just one day…
NIFTY50, SENSEX Today: GIFT NIFTY Falls 24 Points to 24,207 as Crude Oil, Bond Yields and Weak Asian Markets Weigh
NIFTY50 and SENSEX are heading into a cautious session on August 19, 2026, with global signals remaining weak. GIFT Nifty fell 24 points to 24,207, pointing to a muted start for Indian stocks. Higher crude oil prices and rising bond yields are adding to market pressure, while Asian equities are also trading lower. The Nifty…
SpaceX Hits 100 Launches in 2026 as Falcon 9 Sends 24 Starlink Satellites Into Orbit
SpaceX reached its 100th launch of 2026 on August 18, sending another batch of Starlink satellites into orbit aboard a Falcon 9 rocket. This marks the third consecutive year SpaceX has hit the century mark for annual launches. The vast majority of 2026’s missions have carried Starlink satellites, reinforcing the company’s dominant position in commercial…
Nvidia (NASDAQ: NVDA) H200 AI Chips Reach China as ByteDance, Tencent Receive About 10,000 Units Each
Nvidia’s H200 AI chips are now reaching China in small batches. On August 19, 2026, reports said ByteDance and Tencent had each received about 10,000 H200 processors in recent weeks. The shipments come as US export rules and China’s push for local chips continue to shape Nvidia’s business. The move could affect Nvidia (NASDAQ: NVDA)…
Trump Pauses 50% Tariffs on Canadian Goods for Three Days as U.S.-Canada Trade Deal Nears
President Donald Trump paused threatened 50% tariffs on Canadian goods late Tuesday, hours before they were set to take effect. The tariffs would have covered roughly $20 billion in Canadian imports. Trump cited progress toward finalizing a broader trade deal with Canada. The postponement runs through the end of the day on August 21, 2026,…
Indonesia Launches Credit Card to Challenge Visa and Mastercard on August 19
Bank Indonesia launches Indonesian Credit Card for consumers and businesses, challenging Visa and Mastercard’s market control. Eight local banks now issue the card on the QRIS payment network.