The S&P 500 achieved its 11th winning week in 12 despite Federal Reserve signals of potential interest rate hikes. Positive developments in U.S.-Iran relations and a surge in chipmaker stocks, particularly Intel, fueled market gains. Oil prices dropped significantly following the U.S.-Iran MOU.
Franklin Templeton has filed with the SEC to launch two ETFs that reinvest dividends from U.S. stocks into Bitcoin. The funds, named Franklin U.S. Equity Bitcoin DRIP Index ETF and Franklin U.S. Innovation Bitcoin DRIP Index ETF, will initially have a 5% Bitcoin weighting, capped at 20%. This move follows a trend of crypto-linked ETF launches.
Seoul stocks paused Friday after a six-day surge, with the KOSPI index falling 0.13% to 9,052.42. Investors cashed out gains from an AI boom due to postponed U.S.-Iran talks, impacting chip and defense stocks.
Seoul stocks dipped Friday after a six-day surge, as investors cashed out gains from an AI boom amid renewed Iran uncertainties. The KOSPI fell 0.13% to 9,052.42 after planned talks with Iran were postponed.
Seoul stocks paused Friday after a six-day rally, with investors cashing out gains from an AI boom amid renewed Iran uncertainties. The KOSPI fell 0.13% after choppy trading, influenced by postponed talks between the U.S. and Iran.
Indian equity benchmarks Nifty50 and BSE Sensex fell on Friday, ending a five-day winning streak. The decline was primarily driven by a sharp crash in IT sector stocks, influenced by global sentiment, Accenture's lowered revenue forecast, FII selling, profit-taking, and lingering Middle East concerns.
Indian IT stocks plummeted Friday, losing Rs 1.35 lakh crore in market value after Accenture's weaker-than-expected outlook fueled fears of AI disruption. Infosys led the decline with an 8% drop, as investors worry about generative AI's impact on traditional IT services.
Indian IT stocks, including Tata Consultancy Services, Infosys, and Tech Mahindra, fell up to 7% on Friday following Accenture's reduced revenue growth forecast for FY26 to 3-4%, impacting sector sentiment.
Indian IT majors experienced a massive sell-off, losing Rs 1.35 lakh crore in market cap after Accenture Plc slashed its revenue guidance. The Nifty IT index crashed 6%, with Infosys and TCS among the top losers, amid growing concerns about AI impacting traditional IT services and geopolitical headwinds.
Indian IT stocks like TCS, Infosys, and Wipro fell sharply after Accenture revised its annual revenue growth forecast downwards, signaling caution in discretionary technology spending. Accenture's Q3 results beat earnings expectations but missed revenue estimates, with a decline in managed services bookings.
Seoul stocks surged Friday, with the KOSPI index climbing over 200 points to surpass 9,200, driven by strong performance in chipmakers like Samsung Electronics and SK Hynix, following positive leads from Wall Street.
Seoul stocks opened at a fresh record high Friday, surpassing 9,000 points, driven by a chip rally fueled by the artificial intelligence boom. Major chipmakers saw gains, with Samsung Electronics and SK hynix leading the charge.
Seoul stocks surged past 9,000 for the first time, opening at a record high Friday, driven by a continued chip rally fueled by the artificial intelligence boom. Overnight gains on Wall Street, particularly from chipmakers like Intel, Nvidia, and Micron, boosted the market. Analyst Han Ji-young of Kiwoom Securities anticipates the chip rally to continue, though profit-taking might limit further gains.
Wall Street closed higher, recovering losses from the Fed meeting. The AI chip sector saw gains as Apple indicated price hikes due to rising memory costs. Amazon's stock rose on reports of selling custom chips to data centers.
Intertek's £10bn takeover by EQT-led consortium, while not a landmark event, highlights London's market issues. It's the third FTSE 100 company taken over this year, with few new listings.
Illinois has enacted a $55.9 billion budget featuring a first-of-its-kind 0.2% tax on crypto assets, set to take effect in January 2027. The Digital Asset Tax Act will levy a privilege tax on digital asset brokers for customer transactions, drawing sharp criticism from industry leaders concerned about discriminatory practices and potential capital flight.
Un homme a été tué dans le sud du Liban par une frappe israélienne quelques heures après la signature d'un accord entre l'Iran et les États-Unis. L'accord prévoit la fin des hostilités dans la région.
Seoul stocks, led by chipmakers, surpassed 9,000 points for the first time, driven by AI optimism and hopes for an end to the U.S.-Iran conflict. Despite a hawkish Fed, investors favored semiconductor giants Samsung Electronics and SK hynix.
Seoul stocks surged past the 9,000-point mark for the first time, driven by chipmaker optimism amid a hawkish Fed and hopes for an end to the U.S.-Iran conflict. The KOSPI closed up 2.25% to 9,063.84.
Markets show cautious optimism driven by conflicting signals: a hawkish tone from the new Fed Chair Kevin Warsh spooked investors, while a peace MOU between the US and Iran, signed by Presidents Trump and Pezeshkian, boosted risk-on sentiment. Oil prices fell on the news.
Les États-Unis et l'Iran ont signé un protocole d'accord pour mettre fin à la guerre au Moyen-Orient. Téhéran rouvrira le détroit d'Ormuz et Washington lèvera son blocus des ports iraniens. L'Iran s'engage à diluer ses stocks d'uranium enrichi, tandis que Washington facilitera un fonds de 300 milliards de dollars pour la reconstruction iranienne.
Donald Trump et le président iranien Massoud Pezeshkian ont signé un accord pour mettre fin à la guerre au Moyen-Orient. L'Iran diluera son uranium, et les États-Unis lèveront les sanctions. Des frappes israéliennes au Liban ont eu lieu malgré l'accord.
Seoul stocks crossed the 9,000-point milestone for the first time on Thursday, driven by AI-related stocks like Samsung Electronics and SK hynix, despite a hawkish U.S. Fed and Iran uncertainty. The KOSPI reached 9,040.52, less than a month after breaking 8,000.
President Trump plans to ask defense companies to produce weapons under license in Europe and Ukraine, as US stocks are depleted from the Iran conflict. He has informed allies he will explore licensing options, including Ukraine's request for Patriot missile production.
