BUSINESS

South Korea's KOSPI climbed 2.48% after a steep Friday decline, as Samsung Electronics and SK Hynix rebounded amid ongoing investor concerns about AI spending and chip demand.

Chinese shares rose despite weak October economic data, as investors anticipated fresh government measures to support the market and fund share buybacks.

Berkshire Hathaway has sold nearly 688 million Apple shares over two years, but the technology company remains its largest stock holding despite Greg Abel's arrival as CEO.

Lendlease shares climbed nearly 5% despite a prolonged decline, with investors weighing new leadership and asset sales against rising debt, property-market weakness and higher interest rates.

Perenti shares rose nearly 3% on Monday despite a weaker Australian market, as investors assessed the mining contractor's portfolio transition, new leadership and outlook.

NextDC shares rose 3.41% as the data centre operator continued recovering from an eight-year low, despite concerns over its Melbourne power delay, financing and AI infrastructure spending.

Reece shares rose nearly 4% after a volatile week, following first-quarter sales growth driven by Australia and New Zealand despite ongoing weakness in the US housing market.

NRW Holdings shares rose 2.78% to A$6.475 on Monday, recovering after recent declines as investors weighed the contractor's strong contract pipeline, diversification and exposure to interest rates.

Australia's ASX 200 edged lower ahead of the RBA's expected rate increase, as elevated inflation, global market weakness and strong bank results shaped investor sentiment.

Tesla has demonstrated a flying version of its Roadster using rocket-inspired thrusters, but production, certification, deliveries and legal everyday use remain uncertain despite a 2028 target.

Alphabet's latest results have intensified concerns that AI-powered search could weaken Google's advertising model, even as cloud revenue surges and the company ramps up spending.

SK Hynix and Samsung reported record quarterly profits, yet their shares fell as investors questioned whether Big Tech's huge AI investments can continue and weighed each company's risks.

Capital One customers reported problems accessing the app on Friday, following several recent outages as the bank continues integrating Discover customers and payment operations.

AMD shares dropped more than 8% after Intel forecast a sharp contraction in the PC market, while stronger data-centre competition and rising AI investment costs added to investor concerns.

Nvidia shares fell as heavy technology-sector selling renewed concerns over the enormous cost and uncertain returns of AI infrastructure spending, despite strong customer demand.

Micron shares fell for a second consecutive session as concerns over the cost and sustainability of AI investment overshadowed soaring memory chip prices and industry profits.

Intel shares fell more than 27% after the company forecast weaker fourth-quarter results and a prolonged PC downturn, overshadowing stronger-than-expected profit and rapid data centre growth.

SK Hynix shares fell nearly 7% as a global memory-chip sell-off overshadowed record quarterly results, with investors concerned about AI spending, valuation and future supply risks.

Binance is investigating an estimated $6.3 billion theft linked to North Korean hackers, as billions in assets are frozen and scrutiny intensifies over exchange security.

Alphabet shares fell 12.6% in their worst one-day decline after results raised concerns about slowing search growth, surging AI investment, negative free cash flow and broader technology-sector volatility.

CareDx shares climbed nearly 24% after third-quarter revenue rose 39% to $139 million, prompting the transplant diagnostics company to raise its 2026 revenue and adjusted EBITDA forecasts.

Capri Holdings shares rose sharply after quarterly revenue exceeded expectations, margins improved and the luxury group returned to profit, despite continued weakness at Michael Kors.

BrightSpring Health Services shares rose nearly 16% after third-quarter revenue and profit exceeded expectations, while the company raised its 2026 outlook and reported lower leverage.

FedEx Freight shares rose 13.4% after the newly independent carrier reported stronger pricing, higher adjusted operating income and an improved outlook in its first standalone earnings report.

Cavco Industries reported record fiscal second-quarter revenue and higher home sales, sending shares up 13%, while a growing backlog supported demand despite pressure on gross margins.

Binance says hackers stole about $6.3 billion in digital assets, freezing withdrawals and triggering a market sell-off. Investigators suspect North Korean-linked hackers, but attribution remains unconfirmed.

Alphabet shares plunged after its third-quarter report showed slower search growth, earnings below expectations and negative free cash flow amid surging investment in AI infrastructure.

DoorDash will acquire Instacart for about $17 billion, combining two major US delivery platforms in a deal expected to face extensive regulatory and antitrust scrutiny.

Crocs shares jumped nearly 20% after the footwear maker exceeded third-quarter earnings expectations, reported renewed HEYDUDE growth and raised its full-year 2026 forecasts.