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ASX Midday Update: Energy Sector Surges Nearly 2% Amid Rising Geopolitical Tensions
Australia’s share market traded mixed at midday on 9 July 2026 as investors moved into energy stocks. The sector climbed nearly 2%, supported by stronger global oil prices after renewed geopolitical tensions raised concerns about crude supply. While oil and gas companies pushed the market higher, several growth sectors remained under pressure. The latest ASX…
Kusumgar IPO Day 2 Update: 38% GMP Reflects Positive Market Sentiment
Kusumgar IPO enters Day 2 of bidding on July 9, 2026, backed by strong investor demand. The ₹650 crore issue closed Day 1 subscribed 3.66 times across all investor categories. Grey Market Premium stood at ₹156 per share, implying a 37.23% listing gain. That places the current GMP near the 38% mark reflected in today’s…
Alibaba Stock Jumps 12% on July 8 as Cloud Revenue Soars
Alibaba (BABA) soared 12% on July 8 as cloud revenue jumped 45% year-over-year and instant-commerce losses narrowed. A US court temporarily blocked a Pentagon military classification.
Dow Drops 1.5% on July 8 as US-Iran Tensions Spike Oil Prices
The Dow Jones Industrial Average fell 1.5% to 52,126.81 on July 8 as US-Iran tensions escalated, oil prices spiked, and geopolitical anxiety gripped markets.
Cupid Ltd (CUPID.NS) Hits ₹226 High After Q1 Revenue Boost on July 9
Cupid Ltd stock hits 52-week high of ₹226 after raising FY27 revenue guidance to ₹660 crore. Shares up 940% in one year, 114% in 2026 so far.
EPF Scheme 2026: New Withdrawal Rules Explained for Indian Workers—July 9
EPF Scheme 2026 replaces 1952 rules with simplified withdrawals, independent opt-out rights, and 20-day claim settlement. Covers 8 crore subscribers in India. Key changes explained.
Rocket Lab Stock Jumps on $8B Iridium Deal and Morgan Stanley Bull Case—July 8
Rocket Lab to buy Iridium for $8B. Morgan Stanley sets bull target at $293. RKLB stock down 17% this week but up 115% over 12 months. Deal closes mid-2027.
Apollo Micro Systems Falls 5% After ₹3,322 Crore Fundraise Approval—July 9
Apollo Micro Systems shares fell 5% on July 8 after board approved ₹3,322 crore fundraise via 22.8 million equity shares at ₹416.60 and 56.9 million convertible warrants. Stock up 117.6% in past year.
Bank of Kochi Falls 2.5% as Zentoshin Bankruptcy Exposes ¥1.2B Loan Loss—July 9
Zentoshin bankruptcy with ¥115.2 billion debt hits 200,000 merchants and regional banks. Bank of Kochi discloses ¥1.2 billion loan exposure. Restaurants lose credit card processing, face cash-only crisis.