News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Asia> Iran Tensions Escalate; S Korea KOSPI Plunges Over 8%, Triggers Circuit Breaker; Samsung, SK Hynix Slump 8%-9%; Nikkei Falls Over 3%
US May employment data far exceeded expectations, fueling rising rate hike expectations. Last Fri (5th), the three major US indices tumbled sharply. The DJIA fell nearly 700 points...
Reset
Send
The window will close in 5 seconds
<Asia> Iran Tensions Escalate; S Korea KOSPI Plunges Over 8%, Triggers Circuit Breaker; Samsung, SK Hynix Slump 8%-9%; Nikkei Falls Over 3%
Close
Recommend
16
Positive
16
Negative
13
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

US May employment data far exceeded expectations, fueling rising rate hike expectations. Last Fri (5th), the three major US indices tumbled sharply. The DJIA fell nearly 700 points, while chip stocks were heavily sold off. The Nasdaq plunged more than 4%, marking its biggest decline in over a year, and the Philadelphia Semiconductor Index slumped more than 10%.

Tensions in the Middle East escalated again. The Israeli military confirmed that Iran launched missiles toward northern Israel. Within less than an hour last night local time (7th), Iran carried out four waves of attacks, firing about 10 missiles in total. The Israeli military said its air defense systems successfully intercepted most of the incoming missiles, with no major casualties reported. This marks Iran’s first direct strike on Israeli territory since the ceasefire in April this year. Israel has made clear it will respond "severely."

Related News M Stanley Raises Micron Technology, Inc. (MU.US) TP to USD1,050, Lifts Sandisk Corporation (SNDK.US) TP to USD1,750; Memory Supply Tightness Seen Lasting at Least 23 Years
Asian markets extended losses this morning (8th). The Nikkei 225 fell 3.43%, or 2,286 points, to 64,301. South Korea’s KOSPI dropped 8.4% to 7,477, triggering a circuit breaker and halting trading for 20 minutes. Samsung Electronics and SK Hynix plunged about 9% and 8%, respectively.

The Korea Exchange convened an emergency market assessment meeting to evaluate current market volatility and review measures to stabilize market operations. The meeting focused on the sharp decline in US equities and overnight futures movements, and discussed corresponding market management steps. The exchange said it will strengthen contingency mechanisms, closely monitor global market trends, developments in the Middle East and foreign exchange movements, while stepping up surveillance against unfair trading practices and expanding inspections into illegal short-selling activities.

US stock futures steadied this morning, with DJIA futures edging down 76 points, or 0.15%, while S&P 500 and Nasdaq futures rose 0.14% and 0.54%, respectively. (mn/da)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.