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Samsung Electronics (KRX: 005930) Shares Jump 3.3% on Report of Potential U.S. ADR Listing
Samsung Electronics shares climbed 3.3% after reports indicated the company could be considering a U.S. American Depositary Receipt (ADR) listing. Although Samsung Electronics has not confirmed any such plan, the report drew immediate attention because an ADR would make the company’s shares easier for U.S. investors to buy. Investors are weighing what that could mean…
South Korea Plans Record $531 Billion 2027 Budget, Prioritizing AI Chips and Data Centers
South Korea unveiled a record fiscal 2027 budget plan on July 13, 2026. The government proposed spending more than 800 trillion won, or $530.97 billion. That marks a sharp rise from this year’s 727.9 trillion won budget. Budget Minister Park Hong-keun announced the plan at a national fiscal strategy meeting. Three “mega-projects” will receive top…
SK Hynix Surges 14% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with 14% gain in $26.5B offering, the largest US listing by a foreign firm. The chip maker supplies critical AI memory as South Korea invests $880B in semiconductor capacity.
SK Hynix Surges 13% in Historic $26.5B Nasdaq Debut on July 10
SK Hynix stock rises 13% to $168.01 in record $26.5B Nasdaq IPO, surpassing Alibaba’s 2014 listing. Chairman says AI demand is ‘enormous’ and customers want more chips than the company can supply.
Taiwan Index Rallies More Than 330 Points as TSMC, Hon Hai, and MediaTek Advance
The Taiwan Index gained more than 330 points as investors returned to technology stocks. Buying activity picked up across leading chipmakers and electronics companies, improving overall market sentiment. Strong advances in TSMC, Hon Hai, and MediaTek helped push the broader market higher. The latest rise in the Taiwan Index also reflected stronger confidence in artificial…
Intel Stock Bounces 5.3% on HSBC $200 Price Target—July 8
Intel stock surged 5.3% after HSBC raised its price target to $200 on strong AI CPU demand and 30% shipment growth forecast. Meyka rates INTC a B-hold with $45.62 yearly target.
KOSPI Slides 5.7%, Nears Bear Market as Samsung (005930.KS) Drops 6.9% and SK Hynix (000660.KS) Falls 5%
South Korea’s KOSPI index tumbled 5.7% on July 8, 2026, pushing the benchmark toward bear market territory. Samsung Electronics dropped 6.9%, while SK Hynix fell 5%. The selloff extended a brutal stretch that began with a historic circuit breaker in Samsung shares on July 7. Foreign investors dumped hundreds of billions of won in semiconductor…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
Samsung Group Announces 140 Trillion Won Investment to Expand Display and Semiconductor Manufacturing
Samsung Group announced on July 2, 2026, that it will invest 140 trillion won, or more than $100 billion, to expand semiconductor and display manufacturing in South Korea. The investment focuses on AI memory chips, advanced packaging, and next-generation OLED and XR display technologies. New production facilities are planned for the Chungcheong region. The announcement…