American depositary receipts for the South Korean memory-chip maker SK Hynix are trading at a significant premium to the company's local shares, a valuation gap that points to intense speculative demand for AI-related stocks among U.S. investors.
Marvel Studios, a key Walt Disney Co. division, revealed a multi-year pipeline of major films at San Diego Comic-Con, signaling a long-term content strategy aimed at bolstering its multi-billion dollar cinematic franchise.
Chinese memory chip maker CXMT Corp. has raised 66.6 billion yuan ($9.8 billion) in a heavily oversubscribed offering, marking China's second-largest domestic IPO on record.
Nike plans to end most online distribution with its two largest Chinese retail partners, a move analysts at Citi call an 'extreme' pivot that could weaken sales and open the door for competitors.
Bank of America raised its price objectives for Cloudflare, Palo Alto Networks, and others, citing expanding valuations and a robust long-term growth outlook fueled by the rapid adoption of artificial intelligence.
Russia's main stock benchmark, the MOEX Russia Index, closed unchanged in a mixed session where declines in major energy companies counteracted gains across a wider range of stocks.
Goldman Sachs has raised its forecast for Japan's benchmark TOPIX index, citing a revised outlook for a weaker yen that is expected to significantly boost corporate earnings.
Brazilian Senator Flavio Bolsonaro has officially launched his campaign for the October presidential election, challenging incumbent President Lula with promises of tax cuts and support from international conservative figures.
A review by LSEG's Lipper has found that a single large transaction distorted its U.S. fixed-income data, turning what appeared to be a record $7.1 billion weekly outflow into a net inflow of $1.54 billion.
