News
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South Korea’s KOSPI Tumbles Nearly 4% as Tax Hike Plans and US Tariffs Loom
TradingKey - South Korea's KOSPI index dropped over 3% at Friday's opening, marking the biggest decline since early April. This fall is attributed to the South Korean government unveiling a tax reform proposal on Thursday to increase corporate tax rates and securities transaction taxes, compounded bTradingKey
Fri, Aug 1
Memory Chip Landscape Reshuffled — NVIDIA Lifts SK Hynix to No. 1, Samsung is Fighting Back
TradingKey - In the second quarter of 2025, the global memory chip market saw a historic shift: SK Hynix surpassed Samsung in quarterly memory revenue for the first time, driven by surging demand from its key AI client, NVIDIA, for high-bandwidth memory (HBM). However, the competitive dynamics
TradingKey
Fri, Aug 1
Coinbase Misses on Revenue and Profit — Pivots Toward “Universal Exchange” Strategy
On Thursday, July 31 (ET), U.S.-based crypto giant Coinbase (NASDAQ: COIN) reported disappointing Q2 earnings, sending its stock down 9.23% in after-hours trading to $342.91, touching its July 2 low.
TradingKey
Fri, Aug 1
Figma Soars 250% on IPO Day — Early VCs Reap 70x Returns as Adobe Regrets Missed Deal
TradingKey - Figma (FIG), the leading collaborative design platform, made a spectacular debut on the New York Stock Exchange on Thursday, July 31, with its stock surging more than 250% on its first trading day. The strong performance turned early venture capital investments into massive gains, with
TradingKey
Fri, Aug 1
Apple’s AI Makeover Begins: With Solid Earnings, Cook Eyes Big Moves — Including a Perplexity Deal?
TradingKey - Apple's CEO Tim Cook signals a strategic shift in the earnings call, stating that the company is significantly increasing investment in artificial intelligence and is open to acquiring external companies to accelerate its AI development, raising the possibility that Apple may
TradingKey
Fri, Aug 1
Japanese bonds rise as economic uncertainty adds to dovish case for BOJ
By Rocky Swift TOKYO, Aug 1 (Reuters) - Japanese government bonds (JGBs) rose on Friday as economic uncertainty bolstered the case for the central bank to put off any tightening of monetary policy.The benchmark 10-year JGB yield JP10YTN=JBTC fell 1 basis point (bp) to 1.54%. The 20-year yield JP2Reuters
Fri, Aug 1
Australian shares slide on Trump tariff woes
Aug 1 (Reuters) - Australian shares slid almost 1% on Friday in a broad-based sell-off, as appetite for risk assets soured after the United States slapped dozens of trading partners with steep tariffs.The S&P/ASX 200 index .AXJO fell 0.9%, or 77.2 points, to 8,665.6 by 0103 GMT, but was on track...Reuters
Fri, Aug 1
China's manufacturing activity shrinks as exports drag, S&P PMI shows
BEIJING, Aug 1 (Reuters) - China's factory activity deteriorated in July, as a softening of new business growth led manufacturers to scale back production, a private-sector survey showed on Friday.The S&P Global China General Manufacturing PMI fell to 49.5 in July from 50.4 in June, undersho...Reuters
Fri, Aug 1
South Korean shares slide 3% on tariff and tax woes
KOSPI falls, foreigners net sellersKorean won weakens against dollarSouth Korea benchmark bond yield rises SEOUL, Aug 1 (Reuters) - Round-up of South Korean financial markets:** South Korean shares dropped 3% on Friday and were on track for their biggest fall in nearly four months, as the UnitedReuters
Fri, Aug 1
China pauses US-bound corporate investment amid escalating trade tensions - Nikkei
During trade talks between the world's two biggest economies, China has halted outbound investments for firms seeking to establish or expand operations in the United States (US), Nikkei Asia reported on Friday.Fxstreet
Fri, Aug 1
Japan's Nikkei slips on tech investment concern; Tokyo Electron plunges
By Rocky Swift TOKYO, Aug 1 (Reuters) - Japan's Nikkei share average slid on Friday, dragged lower by chip-related stocks on rekindled concerns about technology investment.Tech heavyweight Tokyo Electron 8035.T plunged 17%, the most in almost a year, after the chip equipment maker slashed its...Reuters
Fri, Aug 1
USD/CHF climbs to near 0.8150 as Trump hits Switzerland with 39% tariff rate
The USD/CHF pair gathers strength to near 0.8145 during the early Asian session on Friday. The Swiss Franc (CHF) weakens against the US Dollar (USD) after the US President Donald Trump set a 39% tariff on goods from Switzerland.
Fxstreet
Fri, Aug 1
Japan's factory activity slips back into decline in July, PMI shows
TOKYO, Aug 1 (Reuters) - Japan's manufacturing activity shrank in July after briefly stabilising in the previous month as weak demand pulled production back into contraction, a private sector survey showed on Friday.The S&P Global Japan manufacturing purchasing managers' index (PMI) fell...Reuters
Fri, Aug 1
US inflation warms up in June as tariffs boost some goods prices
Personal consumption expenditures price index rises 0.3%Goods prices post largest gain since JanuaryCore PCE inflation increases 0.3%; up 2.8% year-on-yearConsumer spending gains 0.3%; saving rate steady at 4.5%Weekly jobless claims increase 1,000 to 218,000 By Lucia Mutikani WASHINGTON, July 31Reuters
Fri, Aug 1
Apple revenue forecast beats estimates, tariff costs projected at $1.1 billion
iPhone sales up 13.5%, beating expectationsCook attributes part of sales jump to buying ahead of tariffsApple's Americas sales rise 9.3%By Stephen Nellis and Akash Sriram SAN FRANCISCO, July 31 (Reuters) - Apple AAPL.O forecast revenue for the current quarter ending in September well above Wa...Reuters
Fri, Aug 1
Coinbase quarterly profit falls on trading dip, shares fall
By Pritam BiswasJuly 31 (Reuters) - Coinbase Global COIN.O reported a drop in adjusted profit for the second quarter on Thursday, as gains in subscription and services revenue were offset by weaker trading activity amid reduced cryptocurrency volatility.Retail crypto trading volumes remained sluggis...Reuters
Thu, Jul 31
CANADA STOCKS-TSX pares monthly gain as tech and energy shares fall
TSX ends down 0.4% at 27,259.78For July, the index advances 1.5%Energy falls 1.2% as oil settles lowerCanada Goose tumbles 14.3% after quarterly lossBy Sanchayaita Roy and Fergal Smith July 31 (Reuters) - Canada's main stock index gave back on Thursday some of its monthly gain, with energy a...Reuters
Thu, Jul 31
Trump administration to expand price support for US rare earths projects, sources say
While the attendees asked Navarro to support a ban on exports of equipment containing rare earth magnets to spur domestic recycling, Navarro told them he would push for that only after the U.S. rare earths industry is more developed so as not to prematurely give China leverage in the ongoing tradeReuters
Thu, Jul 31
