South Korea’s Kospi index plunged 7.9% on Thursday, spearheading a regional selloff as investors questioned the sustainability of massive capital expenditures in artificial intelligence infrastructure. The retreat followed heavy losses among chip manufacturers and signaled mounting anxiety that global tech giants may be overextending their computing capacity.
Global sales for Volvo Car slipped 5.6% in the second quarter, totaling 171,501 vehicles compared to 181,561 during the same period last year. The Swedish manufacturer pointed to a deteriorating environment in China, where fierce competition and regulatory shifts continue to weigh heavily on performance across the automotive sector.
Kusuri No Aoki Holdings reported a net profit of 17.13 billion yen for the fiscal year ended May 20, 2026, marking a decline from the 17.79 billion yen recorded in the previous year. Despite this bottom-line softening, the company saw its total revenue climb significantly to 566.87 billion yen.
A bidding war for Japan’s digital marketplace Kakaku.com intensified Thursday as LY Corp. and Bain Capital increased their takeover offer to 3,384 yen per share. The move pushes the total valuation of the internet company to approximately $4.12 billion, significantly outpacing a rival acquisition proposal from Sweden’s EQT.
Daiseki Co. Ltd. posted a net profit of 2.87 billion yen for the first quarter ending May 31, marking a significant increase from the 2.44 billion yen recorded during the same period last year. The Japanese waste management firm’s latest financial statement underscores steady growth across its core operational metrics.
TotalEnergies is offloading its 85% stake in Block 2E offshore Malaysia to INPEX, a deal valued at $350 million. The divestment covers a net 8.5% interest in the Marjoram gas field, marking a tactical shift for the French energy giant as it consolidates its Malaysian operations toward core, operated assets.
E-Supportlink Ltd. saw its net profit more than double during the first half of the 2026 fiscal year, reaching 48 million yen compared to 19 million yen in the same period last year. The surge reflects a broader upward trend in the company's performance across its Japanese operations.
A retreat in oil prices and a broad sell-off across Asian indices are setting a cautious tone for Western trading sessions. Brent crude dropped 1.4% to $70.57 a barrel, while the Nikkei 225 plummeted 2.5%, signaling growing investor anxiety despite mixed performances in European equities.
Singapore’s DBS Group and South Korea’s Samsung Securities are bridging their financial networks to capture the region’s expanding affluent market. By signing a memorandum of understanding, the two institutions aim to provide clients with cross-border investment opportunities, tapping into the growing demand for diversified wealth management services across Asia.
A 133 million yen net loss for the fiscal year ending March 31 marks a significant shift for Nichiryoku Co. Ltd., as the Tokyo-listed company successfully trimmed its deficit from the 418 million yen loss reported during the previous annual period despite a contraction in total revenue.
A cooling domestic market has forced Chinese electric vehicle manufacturers to lean heavily on international buyers to sustain growth. While local consumer sentiment shifts toward cautious, reason-driven purchasing, export figures for major players have surged, providing a critical buffer against the persistent stagnation within the world's largest automotive sector.
Tech-heavy indices across Asia retreated on Thursday as mounting skepticism over the profitability of artificial intelligence infrastructure triggered a regional sell-off. The downturn follows a weak session on Wall Street, where concerns emerged that hyperscalers may be overextending their capacity beyond sustainable demand levels.
Market volatility has derailed the initial public offering for European defense giant KNDS, forcing the tank manufacturer to pause its long-anticipated listing on the Paris and Frankfurt exchanges. Despite completing extensive preparatory work and gauging investor appetite, the firm decided the current climate is not suited for its debut.
For the fifth consecutive week, fewer than half of all homes listed for auction in Australia’s major capital cities have successfully changed hands. The latest data from Cotality confirms a deepening market slump, with a combined clearance rate of just 45% highlighting persistent weakness across the nation’s primary real estate hubs.
BHP Group has submitted an environmental permit application to revive the Cerro Colorado mine in northern Chile, signaling a $1.5 billion push to restore production at the site. The world’s largest miner by market value shuttered the facility in late 2023, but now aims to secure its future through new technology.
Following an extensive recruitment search, Reserve Bank of New Zealand Governor Anna Breman has appointed Angus McGregor as Assistant Governor for Financial Stability. McGregor, who has served in the role on an acting basis since March 2025, is set to formally assume the permanent position later this month.
Starting Saturday, the U.S. Treasury will automatically funnel contributions for Trump administration children’s investment accounts into a State Street exchange-traded fund. While this S&P 500-tracking vehicle serves as the default, the government plans to expand the roster of available funds to include options from BlackRock and Vanguard in the coming months.
A 19% plunge in Franklin Covey shares headlined a volatile after-hours session Wednesday, as the company slashed its full-year outlook and missed third-quarter revenue expectations. Investors reacted sharply to the downgrade, dragging the stock down to $20.12 in the wake of the company's latest financial disclosure.
The Food and Drug Administration has authorized Vertex Pharmaceuticals’ Casgevy for children as young as two, marking the first time a gene therapy for sickle cell disease has been cleared for such a young age group. This expansion allows treatment for patients aged two to 11, previously restricted to those 12 and older.
Faced with pressure from activist investor Elliott Investment Management to overhaul its performance, Northern Star Resources has recruited Suresh Vadnagra, a senior Glencore executive, to serve as its new chief executive. He replaces Stuart Tonkin, who steps down in October after a decade leading the Australian gold miner.
Following a Supreme Court victory shielding the company from state-level cancer liability claims, Bayer is consolidating its U.S. glyphosate operations into a dedicated entity named Ruveon. The move aims to streamline the production and sales of Roundup while navigating the complex regulatory landscape surrounding the world’s most widely used herbicide.
A $900 million contract with the Department of Energy marks a pivotal shift for Centrus Energy, moving the firm from demonstration-scale testing to industrial production of high-assay, low-enriched uranium. This agreement solidifies the company’s role in securing domestic fuel supplies for next-generation nuclear reactors at its Piketon, Ohio facility.
A $2.24 million quarterly loss has forced Culp to temper expectations for the coming fiscal year, as the North Carolina fabric manufacturer struggles against a sluggish home-furnishings market. Despite a revenue uptick to $51.6 million, the company remains cautious, citing persistent macroeconomic instability and unpredictable global trade pressures.
Federal Reserve Chairman Kevin Warsh deflected inquiries regarding upcoming interest rate shifts during a European Central Bank symposium in Portugal, opting instead to characterize internal policy deliberations as a "good family fight." His silence left investors searching for clarity as U.S. stocks drifted lower in Wednesday’s trading session.
Shareholders at Corvex have greenlit a major strategic pivot, electing three new board members and appointing a co-CEO to steer the firm’s transition into artificial intelligence infrastructure. This sweeping leadership shakeup coincides with the company offloading its legacy health technology assets to resolve outstanding debt obligations.
Federal Reserve Chairman Kevin Warsh avoided signaling a rate hike at an ECB symposium in Portugal, describing upcoming policy deliberations as a "good family fight." Investors interpreted his stance as a signal to look beyond immediate monetary tightening, even as U.S. stocks drifted lower in Wednesday’s trading session.
A regulatory filing reveals that Advanced Micro Devices is raising base salaries and granting substantial equity awards to its core executive team. Chief Executive Lisa Su leads the compensation shift, securing a base pay increase alongside a multi-million dollar stock package designed to incentivize long-term performance.
Resideo Technologies will officially separate its ADI Global Distribution business on August 3, executing the move as a special stock dividend. The transition marks a significant restructuring for the company, which expects the spinoff to remain tax-free for U.S. federal income tax purposes for its shareholders.
A $3.25 per share special dividend is heading to investors this July, providing a financial cushion even as National Beverage reports a dip in annual earnings. The non-alcoholic drink manufacturer closed its fiscal year on May 2 facing headwinds from broader economic instability and persistent geopolitical friction.
A 24% nosedive in after-hours trading wiped out significant gains for Franklin Covey on Wednesday, as the corporate training firm slashed its annual revenue forecast. The sharp drop followed a fiscal third-quarter performance that failed to meet Wall Street expectations, despite the company finally swinging back into profitability.
