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Bloomberg

SK Hynix ADRs Tumble in Second Trading Day After Korea Selloff

An AI-fueled stock rout in South Korea spilled over into the US market Monday, as SK Hynix Inc. American depositary shares fell as much as 9.3%, underscoring growing investor concerns that the boom is overextended. The decline brought ADRs to trade just a few dollars above the $149 level where they priced last week ahead of their trading debut. Memory and storage peers in US dropped across the board, with Micron Technology Inc., Sandisk Corp., and Western Digital Corp. shares all falling more than 6%. The slump came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and triggering a market-wide trading suspension. For more, we speak with Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence.

Leia mais: SK Hynix ADRs Tumble in Second Trading Day After Korea Selloff
Bloomberg

Wall Street Banks Set to Pull in Almost $39 Billion From Trading

The biggest US banks set to kick off a marathon Tuesday with five of those firms reporting second-quarter earnings are reaping the benefits of a volatile past few months that's spurred more action from clients wanting to trade. Chris McGratty, Head of US Bank Research at KBW, previews what to expect from bank earnings.

Leia mais: Wall Street Banks Set to Pull in Almost $39 Billion From Trading
Bloomberg

Tech Stocks Slide as Oil Climbs on Hormuz Standoff

A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday.

Leia mais: Tech Stocks Slide as Oil Climbs on Hormuz Standoff
Bloomberg

Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

Leia mais: Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes