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08.06.26 - 15:06
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Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations (ZeroHedge)
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Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations
US stocks futures rebounded and oil pared much of its overnight gains, following a declaration from Iran that military operations against Israel ended after the biggest military escalation between Iran and Israel overnight. As of 8:00am ET, S&P futures rose 0.7% while those for the Nasdaq 100 climbed 1.4%, with Mag 7 stocks trading mostly higher in premarket trading ahead of Apple's WWDC keynote later today, which may boost the Mag 7 group. Chipmakers that were the hardest hit in Friday's selloff attracted dip buyers in premarket trading. Marvell Technology 7.9% while Micron advanced almost 4.2%. Nvidia led gains among the Magnificent Seven heavyweights. While European stocks rose, South Korea's KOSPI index fell by over 8% as chipmakers SK Hynix and Samsung joined a tumble in AI stocks, the plunge prompted a 20 minutes trading halt at the start of the session. It is unclear if today's pre-market moves are...
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08.06.26 - 08:24
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Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsMajor chipmakers led the slump on South Korea's stock market today.Samsung Electronics are down 9.2%, and SK Hynix has dropped by 6.4%, helping to pull the KOSPI index down by over 8%. That slump tripping circuit breakers on the Seoul stock market.Circuit breakers were activated at 0003 GMT, halting trading for 20 minutes for the first time in three months. It was the third time they were triggered this year, and the ninth in history. Continue reading......
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08.06.26 - 06:12
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′Odd Lots′ Meets ′The China Show′: Stock Rout Hits Asia (Bloomberg)
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Asian stocks dropped Monday as AI-related shares sold off after a blistering rally, led by losses in Korean chipmakers SK Hynix and Samsung. Joe Weisenthal and Tracy Alloway from Bloomberg's Odd Lots podcast join Yvonne Man and Stephen Engle on The China Show. (Source: Bloomberg)...
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08.06.26 - 02:57
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Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10% (ZeroHedge)
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Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
After the close on Friday, we said that on Monday, Korean stocks would be a "bundle of joy"...
Korea on Monday will be a bundle of joy
— zerohedge (@zerohedge) June 5, 2026
... and that appears to be playing out in early Asian trading, as the Kospi index crashed 8.8% just after the open, taking the key index's decline from its recent peak to nearly 17%, poised to enter a technical correction and on pace for an outright bear market (20% drop from highs) should the local plunge protection team fail to stem the collapse.
Memory maker Samsung Electronics fell as much as 11% while peer SK Hynix Inc. slid 10%.
Since these two stocks account for virtually all the recent upside in Korean stocks, levered retail investors - who were buying everything foreign investors had to sell after a record stretch of 21 days of non-stop selling...
Foreigners have sold Korean stocks every single day - mostly to dome...
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06.06.26 - 07:06
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Chinese memory makers step up challenge to Korea′s chip champions (SCMP)
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This article was first published by The Korea Times in a partnership with the South China Morning Post.
Two of China's leading memory-chip makers are moving closer to public listings, posing a significant long-term challenge to South Korean giants Samsung Electronics and SK Hynix, despite a limited immediate threat, according to analysts.
ChangXin Memory Technologies (CXMT), China's leading dynamic random-access memory (DRAM) producer, won approval last week for its nearly 30-billion-yuan......
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