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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.
Apple Upgrade Launches July 29: iPhone Leasing Starts at $17.99/Month
Apple launches Apple Upgrade program with Klarna, letting U.S. customers lease iPhones for $17.99/month for 12 or 24 months. Program replaces old iPhone Upgrade plan and includes Macs, iPads, and Apple Watches.
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…
US Stock Market: Nasdaq Futures Slip as KOSPI Plunges Nearly 6%, S&P 500 Futures Rise 0.2%
Stock Market futures showed a split reaction Wednesday, July 29, 2026, as Asian chip stocks tumbled. South Korea’s KOSPI plunged nearly 6%, dragged down by a disappointing SK Hynix earnings report. S&P 500 futures edged up 0.2%, while Nasdaq-100 futures slipped slightly. Iran’s resumed attacks on regional targets also lifted oil prices overnight. KOSPI Plunges…
Meta Says Banning Chinese AI Would Hurt US Innovation and Competition
On July 29, 2026, Meta CEO Mark Zuckerberg said the United States should not ban Chinese AI models. He argued that restricting them could slow American innovation rather than strengthen it. His comments come as Washington considers tighter measures against Chinese AI companies over national security and intellectual property concerns. Meta believes the US will…
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.