Gold Stocks Rallied. Perpetua Up 11%; Gold Resource Up 4%; Integra, Gold Fields And Harmony Gold Up 3%

April inflation hit a three-year peak of 3.8%, pressuring the Nasdaq and tech stocks. Markets are further braced by Kevin Warsh’s Fed Chair confirmation, the maintenance of Trump’s 10% global tariffs, and a high-profile U.S. business delegation preparing for a strategic state visit to China.

TradingKey - On May 12, Japanese chip stocks strengthened significantly, with Renesas Electronics rising 7.14%, Sumitomo Metal Mining gaining 5.61%, and SoftBank Group advancing 4.25%. The Nikkei 225 Index climbed more than 700 points at one point during the day.

Tradingkey - The imminent meeting between the U.S. and Chinese heads of state and the upcoming release of U.S. CPI data have fueled a strong "wait-and-see" sentiment in the market. Asia-Pacific stock markets showed mixed performance; Japanese and Taiwanese stocks edged higher, while the rally in South Korean equities paused, closing down 2.29%. The Nikkei 225 Index closed up 0.52% at 62,742.57 points. During the session, it reached a high of 63,218.51 and a low of 52,158.43, continuing to hover at elevated levels.

Tradingkey - During the early trading session on May 12, the KOSPI Index briefly touched the 8,000-point mark at the open before plunging more than 5% to a low of 7,421.71 points. As of press time, the index remains down 1.24% at 7,725.33 points. Samsung Electronics and SK Hynix, which together account for nearly half of the KOSPI's total market capitalization, were the primary drivers of this flash crash. Currently, SK Hynix is down 3.62% at 1.144 million KRW, while Samsung Electronics has fallen 2.28% to 279,000 KRW.

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.