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Micron's DRAM Revenue Surges 65.5% as Price Growth Slows
Micron's DRAM revenue surged 65.5% Q/Q in calendar Q2, outpacing industry growth. But memory price increases are expected to moderate sharply.
GE Vernova T&D India Soars 6.5% on L1 Bid for Power Grid's HVDC Project
GE Vernova T&D India shares surged 6.5% after Power Grid named it the lowest bidder for a 6,000 MW HVDC project, but the contract value remains undisclosed.
China's August Trade Surplus Hits Record, Yet Hang Seng Slips
China's August trade surplus widened to $119.09 billion, matching forecasts, but imports missed expectations. The Hang Seng slipped, while the yuan held steady.
Longsys Debuts Flat in Hong Kong Despite Oversubscribed IPO
Longsys Electronics' Hong Kong debut fell flat, trading below its IPO price despite 40x retail demand, underscoring that oversubscription doesn't guarantee gains.
Japan's FX Reserves Plunge $79.6B, Yen Hits 153.51
Japan's official reserves dropped $79.6B in August to $1.2075T, with foreign-currency securities down $87.8B. Yen strengthened past 154 as intervention and BOJ expectations converge.
Nikkei's Headline Rise Masks Broad Tokyo Selloff
The Nikkei 225 erased a 556-point opening drop, but breadth data shows 1,231 Prime Market stocks falling, signaling a concentrated rally led by a few AI-linked heavyweights.
Oracle's $638B Backlog Faces Cash Flow Test in Q1 Report
Oracle's Q1 FY2027 earnings on Sept 10 face high stakes: can it convert a $638B backlog into revenue without worsening cash burn? Investors watch for guidance on financing.
Copper's Record Price Masks 131K-Ton Supply Glut
Copper prices reached a new all-time high of $14,533 per metric ton, yet a 131,000-ton surplus complicates the rally. Regional shortages and tariff uncertainty are key drivers.
Silicon Motion Surges 8.7% on EU Cyber Milestone, but Full Compliance Awaits
Silicon Motion shares rose 8.7% after an early EU cyber-compliance milestone, yet full CRA compliance is still pending. Strong Q2 results and guidance also support the rally.
Tesla's $88B Drop: Cybercab Audit Revives Autopilot Scrutiny
Tesla shares plunged 5.92% after a new federal audit of its Cybercab, erasing $88 billion in market value and reigniting concerns over its autonomous driving data.
SK hynix Rally Persists, but Supply Discipline Looms as Key Test
SK hynix extends two-day rally to 11.7% as investors bet on tight memory supply. Focus shifts to capacity discipline and margin sustainability.