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South Korea's memory chip stocks go 'Gangnam Style'
Yahoo Finance Video108d agoneutralVIDEO
South Korea's memory chip stocks go 'Gangnam Style'

While US stocks (^DJI, ^IXIC, ^GSPC) see green at Tuesday's market open, South Korean retail investors are also seeing some relief as memory chip makers SK Hynix (000660.KS) and Samsung (005930.KS) rebound from last week's AI trade sell-off. Yahoo Finance Markets and Data Editor Jared Blikre examines the nation's memory chip industry and DI Corp's (003160.KS) links to South Korean artist PSY, known for his 2012 K-pop hit "Gangnam Style."

Samsung Elec considers building chip packaging plant, Economic Daily says
Reuters108d agoneutral
Samsung Elec considers building chip packaging plant, Economic Daily says

Samsung Electronics is considering the construction of an advanced semiconductor packaging facility in the southwestern South Korean city of ‌Gwangju, the Korea Economic Daily said on Tuesday. • ‌Samsung is expected to unveil the investment plan at a meeting between South Korean President Lee ​Jae Myung and the heads of the country's largest conglomerates on June 29, the newspaper reported, citing unnamed industry sources. • The meeting, to be held at the presidential office under the theme of a "major shift in growth strategy," is expected to include ‌Samsung Electronics Chairman Jay ⁠Y. Lee and SK Group Chairman Chey Tae-won.

Chip Stocks Rebound Amid Dip Buying
Barrons.com108d agobullish
Chip Stocks Rebound Amid Dip Buying

Chip-related stocks rebounded in Asia after a market rout in the previous session. Samsung Electronics and SK Hynix, which account for about half of the South Korea's Kospi market capitalization, jumped 9.

Korean Stocks Jump 8% as Chip Shares Rebound After AI Selloff
Bloomberg108d agoneutral
Korean Stocks Jump 8% as Chip Shares Rebound After AI Selloff

(Bloomberg) -- Memory chipmaker shares led a rebound in South Korean stocks, demonstrating investors aren’t quite ready to throw in the towel on the artificial intelligence boom. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalChip Stocks Rally in AI Trade Revival After P

Bloomberg108d agoneutral
Pentagon Accuses Alibaba, Baidu of Aiding China’s Military

(Bloomberg) -- The Pentagon accused some of China’s biggest companies, including Alibaba Group Holding Ltd., Baidu Inc. and BYD Co. of supporting the Chinese military, doubling down on an earlier decision to label crown jewels of the country’s corporate world as threats to US national security.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center

FTSE 100 Live: London blue-chips in the red, GSK deal 'too big' for some
Proactive108d agoneutral
FTSE 100 Live: London blue-chips in the red, GSK deal 'too big' for some

FTSE 100 down 30 points to 10,342 UK retail sales bounced back last month GSK agrees £8bn takeover of US oncology specialist 10.19am: FTSE hit by pharma and commodities London blue-chips are down but most European markets are up, with Frankfurt's DAX up 0.5% and Paris, Madrid and...

World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip
Associated Press109d agobearish
World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip

World shares were mostly higher on Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week. Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale war. SK Hynix, which on Monday announced plans to partner with Nvidia in building data centers, jumped 15.9%.

AI selloff weighs heavily on South Korean retail traders
Yahoo Finance Video109d agobearishVIDEO
AI selloff weighs heavily on South Korean retail traders

Scott Melker discusses why South Korean traders are liquidating their savings and insurance policies to chase the stock gains in memory chip companies SK Hynix (000660.KS) and Samsung (005930.KS), and how this investment strategy has ultimately backfired following the most recent tech selloff. “The Daily Wolf with Scott Melker” airs on Yahoo Finance every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Fidelity’s Emerging Markets ETF Is Stealthily Up 30% (and No One’s Watching)
24/7 Wall St.109d agoneutral
Fidelity’s Emerging Markets ETF Is Stealthily Up 30% (and No One’s Watching)

$10,000 parked in the Fidelity Fundamental Emerging Markets ETF (NYSEARCA:FFEM) on the last trading day of 2025 was worth roughly $13,000 at the late-May peak near $43.45, before a recent week of selling trimmed it back to about $12,200 by the June 5 close at $40.73. That puts the headline number where it should be. ... Fidelity’s Emerging Markets ETF Is Stealthily Up 30% (and No One’s Watching)

The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom
24/7 Wall St.109d agobearish
The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom

If you owned iShares MSCI South Korea ETF (NYSEARCA:EWY) on Friday morning, you had a roughly $204 share by the closing bell that was worth $175.19, a roughly 14% single-day decline that, by intraday magnitude, was the fund’s worst session since the March 2020 COVID crash. A $10,000 position opened at Thursday’s close was worth ... The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom

Oil surges on Mideast war escalation, tech stocks slide
AFP109d agobullish
Oil surges on Mideast war escalation, tech stocks slide

Oil prices surged Monday after Iran and Israel resumed strikes against one another despite a purported ceasefire, while technology stocks slumped following heavy pre-weekend losses on Wall Street.Wall Street had tumbled Friday, led by a four-percent drop for the tech-heavy Nasdaq.