BUSINESS

SK Hynix shares fell 10.37% due to disappointing guidance from US memory chip companies, causing a global semiconductor selloff. The decline affected South Korea's KOSPI index and other Asian markets.

SpaceX shares dropped 13.61% after its first public earnings report showed strong revenue growth overshadowed by significant AI investment and an impending insider share release.

South Korea's KOSPI index fell 4.58% due to a semiconductor selloff, triggering a trading halt. The decline affected global markets, highlighting the volatility of Korean equities in 2026.

SolarEdge's shares fell 30% due to a disappointing third-quarter revenue forecast, despite improved second-quarter earnings. The outlook affected other solar companies, highlighting ongoing challenges in the U.S. market.

Australia's ASX 200 index reached a record high, driven by strong performances in mining and financial sectors, as global market dynamics shift focus away from AI-related stocks.

A founder increased revenue by reducing content output, highlighting the importance of strategic clarity over sheer volume in marketing efforts.

AMD reported record Q2 results driven by AI hardware demand, but shares fell 7% as investors sought clearer growth evidence. Despite strong data center revenue, concerns over future growth persist.

Nvidia's shares rose after SpaceX announced it would exclusively use Nvidia hardware for its AI infrastructure, expanding Nvidia's reach beyond traditional data centers and boosting investor confidence.

GameStop's stock faces volatility due to a debt-for-equity swap, eBay acquisition plans, and bitcoin exposure, raising investor concerns about dilution and financial stability.

Riot Platforms' stock rose 8.05% as the company shifts focus from bitcoin mining to AI infrastructure, amid a broader market rally and positive analyst sentiment.

Hecla Mining Company reports a debt-free balance sheet and record silver production, with strong cash flow and exploration results, despite a revenue dip due to lower metal prices.

AXT Inc's stock has surged due to high demand for indium phosphide substrates, driven by AI data center needs. The company reports strong earnings and outlines ambitious growth plans.

Zeta Global's shares soared after surpassing earnings expectations, driven by its AI platform's rapid adoption and strategic partnerships, marking its 20th consecutive quarter of exceeding guidance.

Shopify's shares soared after the company reported strong Q2 results, surpassing Wall Street expectations. The positive outlook and easing AI competition fears further boosted investor confidence.

The Dow Jones Industrial Average reached new heights amid declining oil prices, strong corporate earnings, and optimism over Strait of Hormuz diplomacy, continuing a record-setting trend on Wall Street.

Uber's Q2 revenue and profit rose due to delivery growth and record trip volumes, but shares fell after Q3 guidance missed expectations. The company continues to expand its platform and autonomous vehicle strategy.

Next PLC has raised its profit forecast for the third time this year, driven by strong sales and favourable weather conditions, reinforcing its status as a key indicator of UK consumer spending.

The FTSE 100 index fell slightly by midday Wednesday, as mixed corporate earnings and geopolitical tensions over the Strait of Hormuz influenced investor sentiment, despite initial optimism in global markets.

SpaceX's first public earnings report reveals strong revenue growth overshadowed by investor concerns over AI spending and chip shortages, as Elon Musk outlines ambitious future plans.

Dubai International Airport remains operational despite ongoing U.S.-Iran tensions, with Emirates and flydubai maintaining flights. Travellers should verify flight status due to potential disruptions and cancellations.

SpaceX's IPO has seen significant volatility, prompting investors to consider more stable alternatives like Amazon and TJX, which offer profitable growth without the complexities of SpaceX's operations.

President Trump warns Iran to reopen the Strait of Hormuz, as oil prices fall on hopes of a shipping deal. Negotiations show progress, but tensions remain high in the volatile region.

Predictive Discovery's shares rose 8.02% after reporting strong gold production in West Africa, reversing recent declines. The company highlighted operational success at its Kiniéro and Nampala mines.

Bellevue Gold Ltd's shares rose 8.08% following record annual production and an upgraded outlook for FY27, reflecting strong operational execution and a favourable gold price environment.

Ramelius Resources' shares rose 8.12% following a $300 million asset sale and strong production results, as the company focuses on core growth projects and simplifies its portfolio.

Genesis Minerals has emerged victorious in a takeover battle for Vault Minerals, marking a significant consolidation in the Australian gold sector, with potential synergies and regulatory hurdles ahead.

Capricorn Metals' shares rose 8.16% following a 33% reserve upgrade, outperforming the Australian gold sector amid rising bullion prices and strong operational execution.

Pinnacle Investment Management reported a 31% increase in net profit and record funds under management, driven by international expansion and strong inflows, despite a sluggish Australian market.

Zip Co Ltd shares rose 8.74% due to strong U.S. growth, a share buyback program, and an upgraded profit outlook, highlighting the company's successful expansion and financial performance.