Market live: Storage stocks slide as Alphabet plans $25 billion bond sale and Soft Bank reports mixed results
Storage-chip stocks extended their decline, with SK Hynix down more than 5% and SanDisk down more than 8% in U.S. premarket trading. A report said Warsh would be prepared to raise interest rates in September if inflation data over the next several weeks prove strong. Alphabet is planning to launch a $25 billion bond offering despite concerns about AI capital spending, while long-dated U.S. Treasury yields surged. Unitree Robotics priced its IPO at 150.8 yuan per share, with DeepSeek, Tencent and others receiving strategic placements. DeepSeek plans to raise the prices of its API services, with the increase expected to be substantial. SoftBank's net profit beat expectations by a wide margin, helped by an $8.5 billion gain on its investment in Intel. Profit at its Vision Fund, however, plunged 99%. Goldman Sachs and JPMorgan sharply increased their holdings of Zhongji Innolight's H shares, with both positions doubling. A report said Apple was urgently buying DRAM memory, with only a few weeks remaining before the release of the iPhone 18. OpenAI asked a court to dismiss Apple's trade-secrets lawsuit, calling its allegations “unfounded.” Nvidia is urgently seeking Chinese suppliers for AI base stations and plans to begin building an edge-computing network in 2027 and 2028. The Nikkei 225 closed down 0.93%, while the Shanghai Composite rose 0.57% and the Hang Seng Index fell 1.49%.
A report said Warsh would be prepared to raise interest rates in September if inflation data over the next several weeks prove strong. Alphabet is planning to launch a $25 billion bond offering despite concerns about AI capital spending, while long-dated U.S. Treasury yields surged.
Unitree Robotics priced its IPO at 150.8 yuan per share, with DeepSeek, Tencent and others receiving strategic placements. DeepSeek plans to raise the prices of its API services, with the increase expected to be substantial.
SoftBank's net profit beat expectations by a wide margin, helped by an $8.5 billion gain on its investment in Intel. Profit at its Vision Fund, however, plunged 99%.
Goldman Sachs and JPMorgan sharply increased their holdings of Zhongji Innolight's H shares, with both positions doubling.
A report said Apple was urgently buying DRAM memory, with only a few weeks remaining before the release of the iPhone 18. OpenAI asked a court to dismiss Apple's trade-secrets lawsuit, calling its allegations “unfounded.”
Nvidia is urgently seeking Chinese suppliers for AI base stations and plans to begin building an edge-computing network in 2027 and 2028.
The Nikkei 225 closed down 0.93%, while the Shanghai Composite rose 0.57% and the Hang Seng Index fell 1.49%.