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Kioxia Stock Plunges 7.8% on June 11 as Chip Rally Fizzles
Kioxia stock fell 7.8% to ¥70,500 on June 10 amid chip sector weakness and profit-taking after AI-driven rally.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.
UK Eases Steel Tariffs After Industry Warnings, June 10
UK government considers easing steel tariffs as construction and manufacturing warn of cost spikes. New measures begin July 1, 2026.
Sasol Invests €60M in German Plant to Boost Catalyst Supply, June 10
Sasol invests €60 million to expand specialty chemicals capacity at Brunsbüttel plant, producing catalyst supports for refineries starting 2029.
Starbucks Weighs Japan Stake Sale Worth Up to $3.1 Billion Amid Global Restructuring
Starbucks is reportedly exploring the sale of its stake in its Japanese business in a deal that could be valued at as much as $3.1 billion. The move comes as the coffee giant continues a broader global restructuring effort aimed at improving efficiency, strengthening profitability, and focusing on long-term growth opportunities. The potential transaction has…
NVIDIA Corp (NVDA -0.22% / -1.78% Pre-Market) Leads AI Chip Stocks Drop as AMD (-3.02%), Intel (-2.13%), and Micron (-1.41%) Decline
NVIDIA shares fell 1.78% in pre-market trading on June 10, 2026, leading a broader decline across AI chip stocks. AMD dropped 3.02%, while Intel and Micron also traded lower as investors reacted to renewed concerns over inflation, interest rates, and technology valuations. The selloff comes after a powerful AI-driven rally that pushed semiconductor stocks to…
BTC-USD Falls 0.58% Amid Market Selloff: Nasdaq 100 Down 1.75%, S&P 500 Drops 1% as AMD, Qualcomm, and Arm Sink
Bitcoin (BTC-USD) slipped 0.58% in recent trading as a broader market selloff weighed on investor sentiment. The pressure extended across major U.S. indexes, with the Nasdaq 100 falling 1.75% and the S&P 500 losing 1%. Chip stocks such as AMD, Qualcomm, and Arm also moved lower, signaling a retreat from risk assets. As of June…
STMicroelectronics NV Stock Rises 2.5% as Bank of America Upgrades Shares to Buy, Sets €86 Target
STMicroelectronics shares jumped about 2.5% on June 10, 2026, after Bank of America upgraded the semiconductor giant to a “Buy” rating and set a new €86 price target. The move highlights growing confidence in the company’s ability to benefit from rising demand for AI infrastructure and data-center technology. As investors search for the next big…
SK Hynix Eyes U.S. Listing as Early as August Amid Strong AI Stock Demand
SK Hynix is moving closer to a major milestone in its global growth strategy. Reports on June 10, 2026, revealed that the South Korean memory-chip giant is considering a U.S. stock market listing as early as August. The timing comes as artificial intelligence continues to fuel strong demand for advanced semiconductor companies. With investors pouring…