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SK Hynix's US Offering Reportedly Seven Times Oversubscribed
SK Hynix's US Offering Reportedly Seven Times Oversubscribed
The KOSPI struggled for direction overnight, erasing most of an opening rally that briefly pushed the South Korean main equity index up as much as 4.1%. The real strength was in memory stocks, with SK Hynix surging as much as 10% as investors piled back in. This move comes as Bloomberg reports the company's US ADR listing is more than seven times oversubscribed, underscoring strong institutional demand.
The report said SK Hynix is selling 177.9 million American depositary receipts, with each ADR...
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May 5, 2026 / Tyler Durden
Is Europe Sliding Towards Stagflation?
Is Europe Sliding Towards Stagflation?
Authored by Daniel Lacalle,
Europe is not yet in recession, but the latest business and consumer surveys show that the risk is no longer remote.
The euro area’s flash composite PMI fell to 48.6 in April from 50.7 in March, moving below the 50 threshold that separates expansion from contraction and signalling a quarterly GDP decline of around 0.1 per cent after a 0.2 per cent gain in the first quarter, according to S&P Global Market Intelligence.
At the same time, the European Commission’s flash consumer-confidence indicator dropped to -20.6 in the...
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May 12, 2026 / Tyler Durden
Massive Life Support
Massive Life Support
By Benjamin Picton, Senior Markets Strategist At Rabobank
Massive Live Support
“On massive life support” was Donald Trump’s characterization of the US-Iran ceasefire yesterday. This followed Sunday’s rejection of Iranian terms for peace that Trump described as “totally unacceptable”. In a boy-who-cried-wolf-style sign of growing market insensitivity to Presidential prognostications, Brent was only up 2.88% to $104.21/bbl and WTI crude remains below $100/bbl. Dated Brent rose by 0.6% yesterday to $105.62. This even as the Wall Street Journal reports that the UAE has been “secretly” carrying out attacks on...
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Feb 13, 2026 / Ilana Mercer
The Real Numbers: Counting Gaza’s Dead and Disappeared
"The Max Planck Institute for Demographic Research (MPIDR) proclaimed that “the current violent death toll” in Gaza likely exceeded 100,000..."
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