Global markets rally amid US-Iran diplomatic talks while tech stocks surge; SK Hynix debuts on Nasdaq, Meta turns positive on AI investments, and Fed divisions emerge over interest rates.
Key Points
SK Hynix, South Korea's major memory chipmaker, made its Nasdaq debut on Friday with stock gains, marking a significant milestone for the semiconductor company's U.S. market entry and investor appetite for tech stocks.
Meta stock turned positive for the year following announcements of expanded data center investments and new AI model pricing strategies, signaling renewed investor confidence in the company's technology initiatives.
UAE stock markets rebounded sharply with E& surging on the back of its Vodafone stake sale, demonstrating strong performance in Gulf markets amid geopolitical tensions.
The Dow, S&P 500, and Nasdaq all rose as diplomatic negotiations between the US and Iran continued, with President Trump confirming both nations agreed to pursue talks after Tehran's request for continued discussions.
Corporate America is deploying $1 trillion into stock buybacks, though insider trading patterns show executives are selectively cashing out, raising questions about market confidence at executive levels.
India's Dr Reddy's Laboratories posted its worst weekly performance in three years after a generic semaglutide supply disruption threatened its competitive position in the lucrative weight-loss drug market.
Federal Reserve minutes revealed deep divisions among policymakers regarding the interest-rate outlook, signaling ongoing debate about monetary policy direction amid inflation and economic growth concerns.
Delta Air Lines reported profit decline despite strong travel demand, as the carrier absorbed its highest quarterly fuel expenses on record, highlighting vulnerability to aviation fuel cost pressures.
Pakistan's Privatisation Commission appointed the Asian Development Bank as financial adviser for the Islamabad International Airport outsourcing project, advancing infrastructure privatization efforts.
A new global financial crisis risk looms with potential impact 4 times larger than the dot-com crash's $5 trillion cost, according to financial analysts warning of systemic vulnerabilities in markets.