Shares of SK Hynix plummeted by a record 15% in Seoul, triggering a widespread sell-off in semiconductor stocks across Asia, Europe, and the U.S. The drop follows the AI memory chipmaker's successful $26 billion Nasdaq debut last week.
The Irish building materials distributor reported a 6.7% increase in first-half revenue to £1.34 billion, driven by strong results in Ireland and Iberia that offset weakness in Great Britain.
Bank of America has selected seven 'Buy-rated' European infrastructure firms, citing benefits from large-scale capital spending, inflation-protected revenues, and post-pandemic recovery trends in transport and telecom.
Bitcoin is trading in a narrow range just above critical technical support around $62,600, with compressing volatility suggesting a significant price move could be imminent for the cryptocurrency.
Silver has fallen nearly 15% over the past month, with technical indicators pointing to sustained bearish momentum as the precious metal tests a critical support level around $58.
German Bund yields remained elevated as a spike in crude oil prices, triggered by Iran's closure of the Strait of Hormuz, stoked inflation fears and offset typical safe-haven demand for government debt.
GSK announced its immunotherapy drug Jemperli achieved its primary endpoint in a Phase II trial, showing a clinically significant rate of sustained remission in patients with a specific subtype of rectal cancer.
Australia's S&P/ASX 200 index closed with a marginal 0.03% gain on Monday, as advances in financial and consumer stocks were counteracted by a larger number of declining shares and a spike in market volatility.
The Norwegian insurer reported second-quarter pretax profit of NOK 2.79 billion, exceeding forecasts, as strong underwriting results and cost discipline helped absorb a significant one-time expense from a Danish court ruling.
