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KOSPI Enters Bear Market: South Korea’s AI Stock Boom Cracks on July 9
KOSPI drops 20% into bear market as Samsung and SK Hynix tumble on AI spending doubts. Index still up 73% YTD but faces profit-taking after record rally.
Firefly Aerospace Wins $13M NASA Mars Contract on July 9
Firefly Aerospace (FLY) wins $13M NASA subcontract to manufacture the aeroshell for Skyfall Mars mission launching in 2028. The contract marks the company’s first project from its Gloworks innovation lab in Texas.
Apollo Micro Systems Acquires 41% of Premier Explosives for ₹1,550 Cr—July 10
Apollo Micro Systems acquires 41% stake in Premier Explosives for ₹1,550 crore. Deal combines defense electronics with missile propellants, creating integrated defense manufacturer.
Kusumgar IPO Closes July 10: 6.31x Subscribed, ₹160 GMP—What Investors Need to Know
Kusumgar IPO closes 6.31x oversubscribed with ₹160 grey market premium. Price band ₹398–₹419. Listing July 15 on NSE and BSE. Check subscription status and key dates.
Dow Falls 576 Points on July 8 as Trump Ends Iran Ceasefire
Dow Jones dropped 576.76 points (1.09%) on July 8 after Trump ended the Iran ceasefire. S&P 500 fell 0.28%, Nasdaq rose 0.20%. Oil jumped 6.32% to $74.89.
Meta’s $13B Alberta Data Centre: What It Means for Investors
Meta to invest $13 billion CAD in its first Canadian data centre in Sturgeon County, Alberta. The 1-gigawatt facility will create 3,000 construction jobs and 300 permanent roles, generating $250 million annually for the province.
Nigeria’s Fake Agency Scandal: $950K Fraud Probe Ordered—July 9
Nigeria’s president orders probe into fake agency allegedly set up in his office with $950,000 in public funds. Man accused of forgery and impersonation is in hiding.
NVDA Stock Hits 7-Year Low Valuation After $1 Trillion Loss—July 10
Nvidia stock falls to 18x forward P/E, lowest since 2019, after $1 trillion market cap loss. Bank of America rates it a Buy; 95% of analysts agree.
Micron (NASDAQ: MU), Samsung, and SK Hynix Poised to Benefit as Memory Sales Reach Record $74.6 Billion
Global memory chip sales hit a record $74.6 billion in May 2026, driven by explosive AI demand. Micron, Samsung Electronics, and SK Hynix control the vast majority of that market. Micron shares closed at $948.80 on July 8, 2026, up 1.11% for the day. DRAM and NAND contract prices have surged more than 50% quarter-on-quarter…