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The Gulf Cooperation Council said Iran should fully comply with its memorandum of understanding with the United States and implement its provisions.

2026-07-09

The Gulf Cooperation Council said Iran should fully comply with its memorandum of understanding with the United States and implement its provisions.

Other News
2026-07-09

US and South Korean memory chip stocks and chipmakers have long outperformed the broader market, but this trend is now undergoing a sharp reversal. As of Wednesday's close, many major companies in the sector had fallen into bear market territory, dow

US and South Korean memory chip stocks and chipmakers have long outperformed the broader market, but this trend is now undergoing a sharp reversal. As of Wednesday's close, many major companies in the sector had fallen into bear market territory, down more than 20% from recent highs. Here are the factors contributing to the sector's pressure: 1. AI companies' best performance may not satisfy the market – Despite Samsung reporting record profits and impressive growth forecasts, it failed to win over investors; investors sold off related stocks, staging a classic "sell the news" scenario. The market remains concerned about companies over-investing in AI infrastructure. 2. Escalating geopolitical tensions – Trump's latest move to halt the US-Iran memorandum has exacerbated market anxiety about AI deals. If the conflict continues and inflation concerns resurface, the hottest sector in AI trading could see further declines. 3. A reversal triggered by sector rotation – With AI hyperscale cloud service providers lagging behind memory chip manufacturers in stock returns, a growing number of Wall Street strategists are beginning to anticipate a reversal of this trend. Morgan Stanley's chief investment officer and chief U.S. equity strategist, Mike Wilson, predicted on Monday that chipmaker stocks would correct, a prediction that has proven prescient; he now forecasts a return of funds to the hyperscale cloud service provider sector. While chipmaker stocks are nearing their highs, some hyperscale cloud service provider stocks appear quite cheap.
2026-07-09

Shanghai Stock Exchange says the secondary-market price of Huatai-PineBridge China-Korea Semiconductor ETF (513310) is trading materially above the fund's reference NAV, creating a large premium. Exchange warns of premium risk and that uninformed pur

Shanghai Stock Exchange says the secondary-market price of Huatai-PineBridge China-Korea Semiconductor ETF (513310) is trading materially above the fund's reference NAV, creating a large premium. Exchange warns of premium risk and that uninformed purchases may incur significant losses. To protect investors, trading in the ETF will be suspended from market open on July 10, 2026 until 10:30 a.m.
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