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AMKOR shares jumped over 6% in U.S. premarket trading after TSMC (TSM.N) and AMKOR announced a long-term partnership to accelerate advanced packaging development in the United States.

2026-06-16

AMKOR shares jumped over 6% in U.S. premarket trading after TSMC (TSM.N) and AMKOR announced a long-term partnership to accelerate advanced packaging development in the United States.

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2026-06-16

Internal memo shows SoftBank Vision Fund CFO Navneet Govil will depart.

Internal memo shows SoftBank Vision Fund CFO Navneet Govil will depart.
2026-06-16

Lyon Securities said easing Middle East tensions pushed oil down to $85/bbl but, despite market expectations of a return to ~$70, damage to production facilities and infrastructure bottlenecks mean global supply is unlikely to recover to pre-conflict

Lyon Securities said easing Middle East tensions pushed oil down to $85/bbl but, despite market expectations of a return to ~$70, damage to production facilities and infrastructure bottlenecks mean global supply is unlikely to recover to pre-conflict levels within 6–12 months. The bank now expects H2 oil to remain above $80/bbl (1H average $94). It forecasts Chinese oil producers will post their strongest earnings and cash flow in years, with PetroChina (00857.HK) and CNOOC (00883.HK) Q2 EPS seen rising about 50% YoY. Lyon views PetroChina and CNOOC as relatively defensive amid volatility given solid fundamentals and roughly 7% dividend yields. Lyon assigns OUTPERFORM to the three state oil majors, preferring PetroChina, then CNOOC, then Sinopec (00386.HK); price targets: PetroChina HK$12, CNOOC HK$36, Sinopec HK$4.9. The bank says CNOOC's removal from a US-related list could trigger re-rating, while Sinopec's Q2 profit may face headwinds.
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