KOSPI surges past 7,000 as AI optimism overcomes Middle East concerns
South Korea's KOSPI rose above 7,000 on Wednesday, driven by AI and chip stock buying despite Middle East tensions and a lower Wall Street close.
Global stock markets: index moves, earnings, analyst targets and the policy and rate backdrop driving them.
South Korea's KOSPI rose above 7,000 on Wednesday, driven by AI and chip stock buying despite Middle East tensions and a lower Wall Street close.
OpenAI claims its AI solved the Navier-Stokes Millennium Problem; NYU mathematician disputes credit, citing potential use of his unpublished work.
Apple introduced its first foldable iPhone and the iPhone 18 Pro series on September 9, with AAPL stock falling 1.17% ahead of the event.
Metaplanet halted its executive share pool at 319.5 million shares after admitting it worsened dilution. The CEO then cashed in his vested third.
US indexes closed lower after Labor Day for a 10th straight year; the S&P 500 fell 0.6% and the Nasdaq lost 0.3%.
Intel shares surged 10% on an analyst upgrade, possible CPU price increases, and technical breakout.
Jim Cramer named Nvidia and Broadcom as OpenAI's ChatGPT-6 Astra winners; Nvidia fell while Broadcom rose.
Intel shares climbed as much as 9.5% after a report that PC processor prices would rise about 10%; the U.S. government's Intel stake gained roughly $36B.
S&P 500 futures surrendered half of last week's rebound, testing support near 7,680. A break below could open further downside.
Bloom Energy shares rose about 20% after breaking through key technical levels, with the rally extending past moving averages and Fibonacci retracements.
S&P tests critical hourly moving averages; Nasdaq stays above but draws closer. Lower highs in both indices add to caution.
Goldman Sachs and Morgan Stanley ask rating agencies to treat OpenAI and Anthropic as investment-grade post-IPO.
Jensen Huang cites a 22% rise in H100 rental rates to $3.28/hour as evidence that older Nvidia chips remain productive.
European stock markets opened slightly lower on Wednesday, weighed by rising oil prices, bond yields, and geopolitical tensions.
South Korea's Kospi jumped over 1.9% on chip strength, while Japan's Nikkei barely rose after weathering a yen spike.