Kospi jumps over 8% on Iran peace deal hopes; world’s best-performing market up 94% YTD
South Korean stocks surged on Friday, with the KOSPI jumping as much as 8.5%, driven by optimism that Middle East tensions could ease after U.S. President Donald Trump signaled a possible Iran deal this weekend. The rally helped the index end a volatile week up 3.2%, recovering from the previous week’s 3.7% decline triggered by […]
Another AI aftershock sends Indian IT stocks for a tumble
Indian IT shares extended their seventh straight session of losses as Anthropic’s new AI model intensified investor fears of revenue disruption. Global tech stock declines, particularly in the Nasdaq, further fueled the sell-off. Analysts suggest a potential cyclical recovery in September, but caution that geopolitical tensions could cause delays.
Will SpaceX factor last after IPO? Mega listing plan sparks valuation debate amid AI boom
SpaceX’s huge IPO is set to launch, attracting record investor bids. This event will test the market’s appetite for AI companies. Investors are watching to see if it signals continued growth or a market peak. The offering’s success could influence future AI IPOs from companies like OpenAI and Anthropic. This IPO is a significant moment […]
Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows
Asian stocks rallied on hopes of a Middle East peace deal, tempering inflation fears as oil prices fell to two-month lows. The market also anticipated Elon Musk’s SpaceX IPO, which set a record $75 billion. President Trump indicated a potential peace deal signing soon, boosting market sentiment.