Shares of South Korean memory chipmaker SK Hynix posted their largest-ever single-day drop, triggering a broad selloff in semiconductor stocks across Asia, Europe, and the United States as investors took profits.
Indonesia's benchmark stock index closed higher on Monday, lifted by strong performance in the infrastructure, financial, and agriculture sectors, even as more stocks declined than advanced on the exchange.
Indonesia's benchmark stock index closed higher on Monday, driven by gains in the infrastructure, financials, and agriculture sectors, though declining stocks outnumbered advancers on the exchange.
Shares in major European carriers declined Monday as crude oil prices surged over 2.8% following U.S. military strikes against Iran, heightening concerns over fuel costs and stability in the Middle East.
GSK reported that its immunotherapy drug Jemperli achieved its main goal in a Phase II trial for a specific subtype of rectal cancer, showing a clinically meaningful rate of patients with no signs of disease after one year.
Shares of the Norwegian defense and technology firm fell nearly 6% as its second-quarter results were released against a backdrop of downbeat analyst expectations and a recent Morgan Stanley downgrade.
The genomic sequencing company's stock fell sharply after a first-half trading update revealed revenue growth of just 10%, well below full-year targets, citing challenges in China and the Middle East.
Shares of the Italian digital bank climbed to their highest level in a year following a media report suggesting potential takeover interest from UniCredit, amid a broadly positive environment for European financials.
Intensifying military exchanges between the U.S. and Iran, including Iranian attacks on U.S. bases in Gulf states, have pushed Brent crude prices higher amid conflicting reports over the closure of the critical Strait of Hormuz.
