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Wire

SK Hynix Breaks Ground on High Bandwidth Memory Production Hub in Indiana

SK Hynix (SKHY) on Thursday said it broke ground on high bandwidth memory production hub in Indiana, with an expected investment of over $4 billion.The facility will open its cleanroom in October 2028 and begin mass production in the second half of 2029, the company said.The Indiana fab will employ about 1,000 workers during anticipated commercial operations and marks the company's first HBM production base established in the US, according to a statement.Price: $160.83, Change: $+2.80, Percent Change: +1.78%

$SKHY
Sectors

Sector Update: Tech Stocks Rise Pre-Bell Friday

Technology stocks were rising pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.3% higher.Broadcom (AVGO) is in discussions with a group of lenders to raise as much as $100 billion in debt for an artificial intelligence chip financing deal, Bloomberg News reported, citing people with knowledge of the matter. Shares of Broadcom were up more than 1% premarket.Sky Harbour (SKYH) has agreed to sell an additional 1 million shares at $10 per share to M-Cor Capital as part of its recently completed registered direct common stock placement, the company said. Sky Harbour stock was down 0.8% pre-bell.Ubiquiti (UI) shares were up more than 4% after the company reported higher fiscal Q4 non-GAAP earnings and revenue, and raised its quarterly dividend.

$AVGO$SKHY$UI$XLK$XSD
Asia Markets

Update: US Equity Futures Higher Pre-Bell as Traders Try to Rebound After Yield-Induced Sell-Off

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Friday as traders moved to recover after a losing session on Wall Street as Treasury yields continued to rise.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.Iran said that it would have a "devastating" response to any new US threats, Reuters reported Friday. US Treasury Secretary Scott Bessent said he would give more details on Monday regarding the planned "toughest sanctions in history" on Iran.President Donald Trump said that he had closed a deal to "substantially" lower the price of ground beef for US consumers and will allow up to 300,000 metric tons of the commodity to be imported with no out-of-quota tariff. "We have a commitment that this beef will be sold at 25 percent below current market prices," Trump said in a post on Truth Social.Oil prices were slightly higher, with front-month global benchmark North Sea Brent crude up 0.3% at $94.04 per barrel and US West Texas Intermediate crude 0.2% higher at $86.97 per barrel.The August S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen at 54.0, down from 54.5 previously, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.3% lower, Hong Kong's Hang Seng ended 1.2% higher, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Broadcom (AVGO) shares rose 1.3% after a Bloomberg report that the company is in discussions with a group of lenders to raise as much as $100 billion in debt for an artificial intelligence chip financing deal. SK Hynix (SKHY) stock was up 2.6% after a report from news outlet Hankyoreh that the company is moving forward with construction of a memory chip fab in the northeastern Japanese prefecture of Miyagi. Ross Stores (ROST) shares were 7.5% higher after the company reported on late Thursday better-than expected fiscal Q2 earnings and revenue, as well as boosted its full-year EPS guidance.On the losing side, OSI Systems (OSIS) stock was down 9.6% after the company on late Thursday posted fiscal Q4 revenue that missed analysts' consensus estimates.

Dow JonesNasdaq CompositeS&P 500$AVGO$OSIS$ROST$SKHY
Asia Markets

Update: US Equity Futures Fall Pre-Bell as US Threatens Iran's Trade Partners

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders monitored the situation in the Middle East, with the US announcing further economic pressure on Iran and threatening its trade partners.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.8% lower.President Donald Trump said that Iran will be subject to economic warfare "on an unprecedented scale," while also threatening economic consequences on any country that assists or does business with the Middle Eastern nation. "Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies - It all needs to stop NOW," Trump said in a post on Truth Social.Iran's Foreign Minister Seyed Abbas Araghchi in a post on X dismissed Trump's threat, calling it a diversion from America's challenges of "unprecedented debt & surging interest costs."Traders assessed the latest round of earnings, with Walmart (WMT) posting higher fiscal Q2 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3% at $94.33 per barrel and US West Texas Intermediate crude 3.5% higher at $87.35 per barrel.Initial jobless claims fell to 206,000 in the week ended Aug. 15 from 212,000 in the previous week, compared with expectations for a decrease to 210,000. The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August from 41.4 in July, compared with expectations for a drop to a reading of 24.8.July's leading indicators data is scheduled to be released 10 am ET.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.5%, and Germany's DAX index was 0.6% lower in Europe's early afternoon session.In equities, SK hynix (SKHY) stock was up 1.8% after The Korea Herald reported that the company and its labor union reached a tentative agreement to pay 60% of the chipmaker's profit-sharing bonuses in company shares. Shares of Exxon Mobil (XOM), Shell (SHEL), and TotalEnergies (TTE) were on the upswing as oil prices jumped. Exxon Mobil stock was up 1.8%, Shell shares rose 1.5%, and TotalEnergies stock was 2.3% higher.On the losing side, Walmart shares fell 6.6% after the company's fiscal Q3 adjusted EPS outlook fell short of analysts' consensus. Alibaba Group (BABA) stock was down 5.8% after the company reported lower-than-expected fiscal Q1 non-GAAP earnings. CrowdStrike (CRWD) shares were 3% lower after the company's global Chief Technology Officer Elia Zaitsev said in a LinkedIn post that he has stepped down from his role to launch an early-stage venture capital fund focused on cybersecurity.

Dow JonesNasdaq CompositeS&P 500$BABA$CRWD$SHEL$SKHY$TTE$WMT$XOM
Sectors

Sector Update: Tech Stocks Higher in Wednesday Trading

Technology stocks were advancing early Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.SK Hynix (SKHY) will buy back and cancel 40 trillion South Korean won ($28.69 billion) of treasury shares as part of efforts to boost shareholder returns, the company said. SK Hynix stock was up more than 2% in early trading.WhiteFiber (WYFI) shares were 23% lower after the company said it priced an upsized $270 million convertible senior notes offering.Nebius Group (NBIS) stock was 6% lower after the company said it intends to offer $4.50 billion of convertible senior notes in a private offering to qualified institutional buyers.

$NBIS$SKHY$WYFI$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were advancing premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.9% higher.SK Hynix (SKHY) will buy back and cancel 40 trillion South Korean won ($28.69 billion) of treasury shares as part of efforts to boost shareholder returns, the company said. SK Hynix stock was up more than 5% pre-bell.

$SKHY
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as Traders Await Fed Policy Meeting Minutes

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Wednesday as traders awaited the Federal Reserve's policy-setting meeting minutes for further insights on the central bank's rate outlook.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% lower.The minutes of the Federal Reserve meeting held July 28-29 are scheduled to be released 2 pm ET.President Donald Trump said late Tuesday that the US is not in any current or scheduled talks with Iran. In a post on Truth Social, Trump also reiterated that the Strait of Hormuz is "open and operating," with all mines having been removed or detonated.The UAE has halted trade with Iran after accusing Iran of firing two ballistics missiles towards its territory, which fell into the sea. Iran has denied the allegations, according to multiple reports.Traders digested the latest round of earnings, with Analog Devices (ADI) reporting higher fiscal Q3 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.2% at $90.84 per barrel and US West Texas Intermediate crude 0.3% lower at $83.84 per barrel.The Atlanta Fed Business Inflation Expectations survey for August is expected at 10 am ET.In other world markets, Japan's Nikkei closed 3.2% lower, Hong Kong's Hang Seng ended 0.1% higher, and China's Shanghai Composite finished 2.4% lower. Meanwhile, the UK's FTSE 100 was down 0.1%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.In equities, Merck (MRK) and Moderna (MRNA) shares rose 6.8% and 93%, respectively, after the two companies said that a late-stage trial of intismeran autogene in combination with Keytruda met its primary endpoint of recurrence-free survival, as well as a key secondary endpoint of distant metastasis-free survival, in patients with completely resected stage IIB-IV melanoma. SK Hynix (SKHY) stock was up 5.9%% after the company said it will buy back and cancel 40 trillion South Korean won ($28.69 billion) of treasury shares as part of efforts to boost shareholder returns.On the losing side, Lowe's (LOW) shares fell 1.3% after the company reported fiscal Q2 net sales that fell short of analysts' consensus. TJX Companies (TJX) stock was down 4.3% after the company issued lower-than-expected fiscal Q3 diluted EPS guidance. Nebius Group (NBIS) shares dropped 4.9% after the company said it intends to offer $4.5 billion of convertible senior notes in a private offering to qualified institutional buyers.

Dow JonesNasdaq CompositeS&P 500$ADI$LOW$MRK$MRNA$NBIS$SKHY$TJX
Asia Markets

Update: US Equity Futures Higher Pre-Bell as Traders Assess Inflation Report

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Wednesday as traders assessed the latest national inflation report, which will be a major factor in the near-term direction of interest rates.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.8% higher.The conflict in the Middle East showed no signs of de-escalating as US Central Command said in a post on X that it disabled a vessel in the Gulf of Oman that was in violation of the US blockade against Iran. In the Red Sea, a small Egyptian-owned cargo vessel was attacked by suspected Iran-backed Houthi forces, causing the deaths of six people, multiple media outlets reported.Traders digested the latest round of earnings, with Amcor (AMCR) posting higher fiscal Q4 adjusted earnings and net sales.Cisco Systems (CSCO) is expected to report its fiscal Q4 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.17 per share on revenue of $16.84 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $89.07 per barrel and US West Texas Intermediate crude 0.4% higher at $83.53 per barrel.The July consumer price index, released at 8:30 am ET, gained 0.1%, compared with a 0.4% decline in the previous month, and meeting expectations in a survey compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.8% higher, Hong Kong's Hang Seng ended 0.8% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, CoreWeave (CRWV) shares were up more than 20% after the company's Q2 results surpassed market expectations. Nebius (NBIS) stock was over 16% higher after the company reported a narrower Q2 loss than analyst estimates. SK hynix (SKHY) shares were up 4.6% after a report from The Asia Business Daily that the company and Samsung Electronics are set to receive investments from Singapore sovereign wealth fund Temasek.On the losing side, Amcor stock was down 1.4% after the company posted its fiscal Q4 financial results. Performance Food Group (PFGC) stock was down 4.9% after the company's fiscal Q4 adjusted earnings and sales fell short of analysts' consensus.

Dow JonesNasdaq CompositeS&P 500$AMCR$CRWV$CSCO$NBIS$PFGC$SKHY
Asia Markets

Update: US Equity Indexes Decline as Growth Sectors Hit Amid Gains in Crude Oil Ahead of July's Consumer Price Inflation Data

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes fell Tuesday amid declines in growth sectors as higher crude oil prices and fading hopes of a quick reopening of the Strait of Hormuz increased focus on July's consumer price inflation data.The Nasdaq Composite retreated 0.6% to 26,445.45, the S&P 500 slid 0.3% to 7,728.20, and the Dow Jones Industrial Average slipped 0.3% to 53,791.85. Communication services, consumer discretionary and technology were among the steepest decliners. Energy led the gainers.AppLovin's (APP) 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA Securities said in a note. Shares dropped 6%, the worst performer on the S&P 500 and the Nasdaq.SK Hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost output by about 50%, Seoul Economic Daily reported. Shares jumped 4.7%, the top performer among stocks with market capitalization of more than $200 billion each, according to data compiled by Finviz. The worst performers in this category were SpaceX (SPCX), down 3.9%, followed by Alphabet (GOOG, GOOGL) and Dell Technologies (DELL).Mohsen Rezaee, secretary of Iran's Supreme National Security Council, told China's ambassador the Strait of Hormuz "will not be opened until the United States changes its behavior and accepts Iran's conditions," Al Jazeera, a Middle Eastern broadcaster, said, citing Iran's Tasnim news agency. "America must end the war, pay Iran's frozen assets, the war must end throughout the region, including in Lebanon and Gaza," Reuters cited Rezaee as saying in a report from Tasnim.A Saudi-owned commercial vessel was reportedly struck by a missile while transiting the Bab al-Mandeb Strait in the Red Sea, CNN reported, citing Marisks, a marine intelligence group. An incident involving a container ship and an unknown military force in the Gulf of Oman has been reported by the UK Maritime Trade Operations, the news report added.Front-month US West Texas Intermediate crude oil climbed 1.7% to $83.50 per barrel, and global benchmark North Sea Brent advanced 1.5% to $89.17 per barrel, fueling concern that higher energy prices will make it challenging for the Federal Reserve to extend its five-meetings-long pause.Speaking to inflationary concerns ahead of consumer prices due Wednesday, Cleveland Fed President Beth Hammack noted on Monday that price pressures are rising, according to a Stifel note. Hammack, one of the three dissenters who opposed the July policy hold, said more than one rate increase may be needed to ease inflation back to the Fed's 2% target.The pace of US existing home sales fell by 1.7% to a 4.06 million seasonally adjusted annual rate in July from 4.13 million in June, compared with a larger expected decrease to a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Tuesday showed.The National Federation of Independent Business's monthly Small Business Optimism Index rose to 99.8 in July from 97.4 in June.Redbook US same-store sales jumped 8.3% from a year earlier in the week ended Aug. 8 after an 8.7% surge in the previous week.

Dow JonesNasdaq CompositeS&P 500$APP$DELL$GOOG$GOOGL$SKHY$SPCX
Japan

Update: US Equity Indexes Fall as Communication Services Sector Slides, Crude Oil Extends Gains

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes retreated Tuesday amid a slide in growth sectors, while crude oil extended gains as expectations of a quick reopening of the Strait of Hormuz declined.The Nasdaq Composite fell 0.7% to 26,433.1, the S&P 500 declined 0.3% to 7,729.1, and the Dow Jones Industrial Average was 0.3% lower at 53,803.5 ahead of Tuesday's close. Communication services was the standout decliner, followed by consumer discretionary and technology. Energy led gainers.AppLovin's (APP) 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA Securities said Tuesday in a report. Shares dropped 5.3%, the worst performer on the S&P 500 and the Nasdaq.SK hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%, Seoul Economic Daily reported, citing semiconductor industry sources. Its shares jumped 3.7%, the top performer among stocks with market capitalization of more than $200 billion each, according to data compiled by Finviz. The worst performers in this category were SpaceX (SPCX), down 4.3%, followed by Dell Technologies (DELL) and Oracle (ORCL).Mohsen Rezaee, secretary of Iran's Supreme National Security Council, told China's ambassador that the Strait of Hormuz "will not be opened until the United States changes its behavior and accepts Iran's conditions," Al Jazeera, a Middle Eastern broadcaster said, citing Iran's Tasnim news agency."America must end the war, pay Iran's frozen assets, the war must end throughout the region, including in Lebanon and Gaza," Reuters cited Rezaee as saying in a report from Tasnim. Pakistan's Interior Minister Mohsin Naqvi has arrived in Tehran for talks with Iranian officials amid mediation efforts to end the US-Israeli war on Iran and reopen the Strait of Hormuz, Al Jazeera reported.Front-month US West Texas Intermediate crude oil climbed 1.3% to $83.22 per barrel, and global benchmark North Sea Brent advanced 1.3% to $88.87 per barrel, extending gains.

Dow JonesNasdaq CompositeS&P 500$APP$SKHY
Sectors

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) easing 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.7%.The Philadelphia Semiconductor Index rose 0.6%.In corporate news, AppLovin (APP) shares fell 5.3% after BofA Securities downgraded the stock to neutral from buy and lowered the price target to $400 from $430. The company's 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA said.SK hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%, Seoul Economic Daily reported. The shares rose 3.9%.Intel (INTC) priced a public offering of about 210.5 million shares at $95 each. The offering was upsized to $20 billion from $15 billion. The stock was little changed.Nvidia (NVDA) is developing a new in-house AI model called Nemotron 4 that it hopes will perform on par with the best open-source AI models, The Information reported. Nvidia confirmed tothat the company is developing Nemotron 4. Separately, Nvidia said late Monday it partnered with six major financial institutions to raise more than $500 billion in third-party capital for AI infrastructure. Nvidia shares rose 0.2%.

$APP$INTC$NVDA$SKHY
Sectors

Sector Update: Tech

Tech stocks were mixed late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.6%.The Philadelphia Semiconductor index rose 0.5%.In corporate news, SK Hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%, Seoul Economic Daily reported, citing semiconductor industry sources. SK Hynix shares rose 3.5%.

$SKHY
Asia Markets

Update: US Equity Indexes Fall as Communication Services Leads Sectors Lower, Crude Oil Up Amid Hormuz Reopening Concerns

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes slipped amid a decline in growth sectors, while crude oil extended gains as investors weighed geopolitical developments in the Middle East to gauge the timing for a reopening of the Strait of Hormuz.The Nasdaq Composite fell 0.5% to 26,476, the S&P 500 slipped 0.2% to 7,738.5 and the Dow Jones Industrial Average was 0.1% lower at 53,907.9.Communication services, consumer discretionary and technology led decliners, while energy topped the gainers.SK hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%, Seoul Economic Daily reported, citing semiconductor industry sources. Its shares jumped 3.2%, the top performer among stocks with market capitalization of more than $200 billion each, according to data compiled by Finviz.AppLovin's (APP) 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA Securities said Tuesday in a report. Shares dropped 5.2%, the worst performer on the S&P 500 and the Nasdaq.US and Iran are "close to some sort of arrangement" over the Strait of Hormuz, Pakistan's defense minister was cited as saying in a Bloomberg report. Majed al-Ansari, Qatar's Foreign Ministry spokesman, said negotiations between Oman and Iran on the future of shipping in the Strait of Hormuz have reached an advanced stage, Al Jazeera, a Middle Eastern broadcaster, reported. Pakistan's Interior Minister Mohsin Naqvi is heading to Tehran to hold talks with his Iranian counterpart, Bloomberg cited Iran's semi-official Fars agency.A Saudi-owned commercial vessel was reportedly struck by a missile while transiting the Bab al-Mandeb Strait in the Red Sea, shipping sources and Yemeni officials told marine intelligence group Marisks, according to CNN. An incident involving a container ship and an unknown military force in the Gulf of Oman has been reported by the UK Maritime Trade Operations, CNN reported.Mohsen Rezaee, secretary of Iran's Supreme National Security Council, told China's ambassador that the Strait of Hormuz "will not be opened until the United States changes its behavior and accepts Iran's conditions," Al Jazeera cited Iran's Tasnim news agency.The front-month US West Texas Intermediate crude oil contract climbed 1.39% to $83.27 per barrel, and global benchmark North Sea Brent advanced 1.1% to $88.69 per barrel, extending gains this week.US Treasury yields fell, with the 10-year yield down 1.6 basis points to 4.68% and the two-year lower by 1.5 basis points to 4.22%, giving up all gains before the US equity market opened for regular trading on Tuesday.Gold futures rose 0.6% to $4,444.01, while silver futures slipped 0.3% to $65.07.In economic news, the pace of US existing home sales fell by 1.7% to a 4.06 million seasonally adjusted annual rate in July from 4.13 million in June, compared with a larger expected decrease to a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Tuesday showed.The National Federation of Independent Business's monthly Small Business Optimism Index rose to 99.8 in July from 97.4 in June but was below the 100.3 reported a year earlier.Redbook US same-store sales jumped 8.3% from a year earlier in the week ended Aug. 8 after an 8.7% surge in the previous week.

Dow JonesNasdaq CompositeS&P 500$APP$SKHY
Sectors

Sector Update: Tech Stocks Edge Higher Premarket Tuesday

Technology stocks were higher premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 2.3%.Taiwan Semiconductor Manufacturing (TSM) and Sony Semiconductor Solutions, a subsidiary of Sony Group (SONY), said they agreed to establish a joint venture in Kumamoto Prefecture in Japan, to develop and manufacture advanced image sensors for smartphones, with volume production expected to begin in 2029. Shares of Taiwan Semiconductor were nearly 1% higher pre-bell.SK hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%, Seoul Economic Daily reported, citing semiconductor industry sources. SK hynix shares were up more than 2% pre-bell.Ouster (OUST) stock was up more than 2% after the company said Econolite was awarded an expansion contract by the Utah Department of Transportation to deploy Ouster's BlueCity lidar sensor traffic management at an additional 160 intersections statewide.

$OUST$SKHY$SONY$TSM$XLK$XSD
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as US-Iran Stalemate Persists

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Tuesday as the US and Iran remained at a stalemate regarding negotiations to reopen the Strait of Hormuz.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.3% higher.In response to Iran's conditions for reopening the waterway, US President Donald Trump said Monday that the Middle Eastern nation should pay reparations of its own for damage done over the past 50 years. "If there's damages to be paid, I think Iran should pay those damages," multiple reports quoted Trump as saying.Iranian Foreign Minister Abbas Araghchi had earlier said that reopening the strait would be partly conditional on the US paying for damage caused during the conflict between the two countries.Traders took note of the latest round of earnings, with Sea (SE) posting higher Q2 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $87.93 per barrel and US West Texas Intermediate crude 0.4% higher at $82.48 per barrel.The existing home sales report, scheduled for release at 10 am ET, is expected to show a decrease of 1% for July after a 2.4% fall in the prior month.In other world markets, Hong Kong's Hang Seng ended 1.1% lower and China's Shanghai Composite finished 0.8% lower, while Japan's Nikkei was closed for a public holiday. Meanwhile, the UK's FTSE 100 was 0.1% higher, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Sea stock was up more than 10% after the company reported its Q2 financial results. Nvidia (NVDA) shares rose 1.6% after the chipmaker said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure. SK Hynix (SKHY) stock was 2.1% higher after a Seoul Economic Daily report that the company plans to resume construction at its second NAND flash facility in Dalian, China, to boost local output by about 50%.On the losing side, Rocket Lab's (RKLB) shares fell 3.7% after the company's Q2 loss narrowed less than analysts' consensus. Hims & Hers Health (HIMS) was down 6.9% after the company reported late Monday it swung to a Q2 loss.

Dow JonesNasdaq CompositeS&P 500$HIMS$NVDA$RKLB$SE$SKHY
Research

Needham Initiates SK hynix at Buy With $200 Price Target

SK hynix (SKHY) has an average rating of buy and mean price target of $225.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$SKHY
Research

Wedbush Initiates SK hynix at Outperform

SK hynix Inc. Sponsored ADR (SKHY) has an average rating of buy and mean price target of $225.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$SKHY
Research

William Blair Initiates SK hynix at Outperform

SK hynix (SKHY) has an average rating of buy and mean price target of $228.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$SKHY
Research

Rosenblatt Initiates SK hynix at Buy

SK hynix (SKHY) has an average rating of buy and mean price target of $228.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$SKHY
Research

RBC Capital Initiates SK hynix at Outperform With $200 Price Target

SK hynix Inc. Sponsored ADR (SKHY) has an average rating of buy and mean price target of $226.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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