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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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Jul 2, 2026 / Jason Ditz
Cafe Bombing in Damascus Kills At Least 9, Wounds 20
Speculation has been running wild today in Damascus after a bombing in a cafe in the center of the city killed at least nine people and wounded some 20 others. The site was near the Justice Palace, the city’s main courthouse. As of yet, no group has claimed credit for the bombing, but the Interior […]
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Mar 5, 2026
US lost nearly $2B worth of military equipment in first 4 days of strikes against Iran
The US has lost nearly $2 billion worth of military equipment amid its military operations against Iran since Saturday, according to estimates and data compiled by Anadolu.
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Apr 21, 2026 / Tyler Durden
How The Iranian Regime Destroyed Its Economy... Long Before The War
How The Iranian Regime Destroyed Its Economy... Long Before The War
Authored by Daniel Lacalle,
As negotiations edge towards a ceasefire, Tehran is trying to blame the country’s economic collapse on the war and foreign pressure.
Yet the data tell a different story: Iran’s economy was already structurally broken before the war.
Years of ideological policymaking, institutionalised corruption, and the militarisation of the economy have caused Iran’s economic ruin.
Iran has been in a state of permanent economic emergency since at least 2018. Official inflation has remained above 40% year after year, destroying the country’s middle...
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