Asian Markets Lose Over $300 Billion as Taiwan, Korea, and Japan Stocks Slide
Asian stock markets suffered a sharp selloff as Taiwan, South Korea, and Japan erased more than $300 billion in combined market value during a broad regional decline.
Asian stock markets suffered a sharp selloff as Taiwan, South Korea, and Japan erased more than $300 billion in combined market value during a broad regional decline.
Former Ferrari chairman Luca di Montezemolo criticized the new Ferrari Luce, saying the electric supercar risks 'destroying the legend' of the iconic brand amid widespread backlash over its design.
A 28-year-old entrepreneur built a fast-growing business selling refurbished retro gadgets like old Motorola phones, CD players, and digital cameras to Gen Z consumers seeking a break from smartphones.
ClickHouse tripled its annual recurring revenue to $250 million over the past year as the database company prepares for a potential IPO in the coming years.
South Korea became the second country after the United States to have more than one public company valued above $1 trillion, led by Samsung and SK Hynix.
SK Hynix officially joined the $1 trillion market cap club after shares surged 11%, fueled by record earnings and booming demand for AI memory chips used in Nvidia systems.
South Korea’s KOSPI surged to a record high after gaining roughly $220 billion in market value, driven by sharp rallies in Samsung and SK Hynix shares.
Micron became a $1 trillion company for the first time after shares surged 18% in a single session, driven by explosive demand for AI memory chips and tightening global supply.
Quantum computing company Quantinuum is seeking to raise about $1.05 billion in its Nasdaq IPO at a valuation near $12.7 billion, with the U.S. government expected to purchase a $100 million stake.
Ferrari introduced its first fully electric supercar, the Luce, featuring 1,050 horsepower, a 2.4-second 0–100 km/h time, and interior design collaboration with former Apple designer Jony Ive.
Oil prices plunged nearly 10% in a single day as easing geopolitical tensions and expectations of a potential Iran agreement triggered a sharp commodity selloff.
LG Group companies are gaining investor attention as optimism around the conglomerate’s robotics strategy boosts expectations for long-term growth in automation and AI technologies.
U.S. equity markets rallied sharply as optimism surrounding a potential peace agreement between the United States and Iran pushed S&P 500 and Nasdaq futures to fresh record highs.