Tiger

Storage, optical stocks plunged in Hong Kong market. 2x Leveraged ETF related to Samsung fell 11%; YOFC, 2x Leveraged SK Hynix ETF down 10%; Time Intercon, Montage Tech down 7%.

Here are Thursday’s biggest calls on Wall Street:Bank of America reiterates Micron as buyThe firm says it sees “stronger for longer pricing” following Micron’s earnings report on Wednesday.“MU delivered another strong quarter, reinforcing our constructive view on memory’s rolein AI and the increasin...

Dow Jones Industrial Average jumped more than 1% in morning trading. Caterpillar rose 5%; Honeywell rose 4%; Sherwin-Williams, Merck, and Johnson & Johnson rose 3%; UnitedHealth, JPMorgan Chase, American Express, Amgen, 3M, and Visa rose 2%.

LINGYI ITECH jumped 10% in Hong Kong’s grey market trading.Lingyi iTech (Guangdong) Co is a China-based company mainly engaged in the manufacturing of artificial intelligence (AI) terminal hardware. As a reliable supplier of AI terminal hardware core components, LY iTECH provides customers worldwide...

Hong Kong market fell on Thursday. The Hang Seng Index fell 1.64% to 23,028.81, while the Hang Seng China Enterprises Index fell 2.28% to 7,588.13. The tech-heavy Hang Seng Tech Index fell 1.84% to 4,396.74, showing slightly stronger momentum than the broader market as investors kept a cautiously co...

South Korea's KOSPI reclaimed the 9,000 level, rising 6.25% on the day. 2x leveraged ETF related to SK Hynix extended rally to 24% while 2x leveraged Samsung ETF jumped 12%.SK Hynix aims to raise tens of billions of dollars in a U.S. listing next month as it battles rivals including Micron Technolog...

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Hits Lowest Level Since Oct. 2024 as Bear Market Grinds Into 8th MonthBitcoin (BTC) dropped to $59,023.98 on Wednesday, June 24, its lowest price since Oct....

2x leveraged ETF related to SK Hynix surged over 15% in Hong Kong market after the memory chipmaker unveiled its plan for a $29 billion US listing, a move that analysts viewed as boosting valuations through capacity expansion and greater foreign investor access.South Korea's SK Hynix said on Wednesd...

Hong Kong semiconductor stocks rallied on Thursday. GigaDevice up 9%; Montage Tech up 6%; Iluvatar Corex up 5%; SMIC up 4%; Hua Hong Grace up 3%.

Korea Exchange activated the KOSPI "sidecar" temporary trading-halt mechanism. SK Hynix soared 10%; Samsung Electronics jumped over 5%.

Micron stock extended rally to 15% after strong forecasts. Other chip, storage shares also rallied in after-hours trading. Western Digital, SanDisk up 11%; Seagate Tech up nearly 10%; UMC up 8%; Navitas, ARM up around 7%.Micron forecast quarterly profit and revenue well above expectations on Wednesd...

Here are Wednesday’s biggest calls on Wall Street:Seaport reiterates Nvidia as sellSeaport says it’s sticking with its sell rating on the stock.“We think the growing burden on (and off) Nvidia’s balance sheet, as well as Broadcom’s announcementthat it is also joining the circular-financing boom, dem...

Gold, silver stocks and ETFs droped in premarket trading, as spot gold extended fall, last down over 2% at $4017.06/oz.ProShares Ultra Silver fell 9%; Anglogold Ashanti fell 6%; Gold Fields and Harmony Gold fell 5%; iShares Silver Trust, First Majestic Silver, Newmont Mining, Hycroft Mining, Coeur M...

FuelCell Energy, a clean energy technology company that manufactures utility scale power solutions, and Fit Energy USA LP (“Fit Energy”), a developer of reliable power solutions to support advanced computing infrastructure and artificial intelligence, today announced a strategic agreement for up to ...

Multiple media, citing gaming industry insiders, report Alibaba plans to sell its gaming arm Lingxi Interactive Entertainment and has engaged five potential buyers: listed game firms 37 Interactive Entertainment, China Ruyi, Century Huatong and Giant Network, plus a buyout consortium of two private ...

The Hong Kong market continued to rise on Wednesday. The Hang Seng Index firmed 0.43% to 23,437.78, while the Hang Seng China Enterprises Index added 0.26% to 7,779.6. The tech-heavy Hang Seng Tech Index advanced 2.47% to 4,508.06, showing slightly stronger momentum than the broader market as invest...

Tencent Holdings Ltd. is gearing up to introduce an artificial intelligence assistant for its business-focused communication application, escalating the fierce competition among China's leading technology firms to secure user loyalty within their digital environments in the current AI landscape.Shar...

Wendy's shares jumped over 20% in overnight trading.Mars Finance reports that on June 24, Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading communities, targeting U.S. fast-food chain Wendy’s.The Reddit high-risk trading community joked in warning: “If W...

Twelve investment banks raised Micron Technology price targets ahead of the company’s earnings, citing AI-driven data‑centre demand, tight DRAM/NAND supply and rapidly rising ASPs. Morgan Stanley raised its PT to $1,050 from $520, kept overweight and raised Q3 forecasts, expecting DRAM and NAND ASPs...

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsVitalik details Ethereum reset as Foundation cuts budget 40%Ethereum cofounder Vitalik Buterin said the Ethereum Foundation is reducing its budget by roughly 40% as...