South Korea Becomes Second Country After U.S. With Multiple $1 Trillion Companies
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.
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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.
Taiwan officially became the world’s fifth-largest stock market after total market capitalization reached $4.95 trillion, driven largely by the explosive rally in TSMC shares.
Italy’s FTSE MIB reached a record high for the first time since 2000 as energy and technology stocks rallied.
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.
Japan’s stock market climbed 3.5% to a record high as optimism grew around a possible U.S.-Iran peace agreement.
The SEC is reportedly preparing an ‘innovation exemption’ that could allow tokenized versions of stocks to trade on crypto platforms, marking a major step toward integrating blockchain infrastructure into U.S. equity markets.
Berkshire Hathaway disclosed major portfolio changes in its latest 13F filing, adding to Alphabet and Delta Air Lines while fully exiting positions including Visa, Mastercard, and Amazon.
SpaceX has reportedly chosen Nasdaq for its anticipated IPO, which could take place as early as June 11 with shares expected to trade under the ticker SPCX.
South Korea’s Kospi fell 6% as investors sold AI-related technology stocks after the index briefly crossed 8,000.
Nvidia’s market capitalization climbed to roughly $5.5 trillion, exceeding the GDP of every country except the United States and China as shares hit fresh record highs.
Berkshire Hathaway’s cash reserves climbed to a record $380 billion as the company extended its streak of net stock sales to 14 consecutive quarters.
HSBC raised its S&P 500 target as AI-driven earnings growth continues to strengthen major technology companies.