Samsung Electronics announced 90–110 trillion won in shareholder returns for 2026, roughly five times its prior record, but shares fell 2.6% as investors had expected up to 150 trillion won.
Category: Markets
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YMTC Seeks $4.9 Billion Shanghai Listing on AI Memory Demand
China’s third-largest NAND flash chipmaker filed for a 33-billion-yuan IPO on Shanghai’s STAR Market on August 21, positioning itself to capitalise on surging AI data-centre memory demand despite US export restrictions.
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Bitcoin Tops $71,000 as Trump Endorses CLARITY Act at White House Crypto Event
Bitcoin surged more than 10% to $71,750 on August 20 after President Trump called on Congress to pass cryptocurrency legislation, triggering a record $2.7 billion short liquidation.
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Santander Closes $12.3 Billion Webster Financial Acquisition
Spain’s Santander completed its $12.3 billion acquisition of Webster Financial on August 20, marking its largest push yet into US commercial banking.
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Samsung and SK Hynix Both Fall Over 7% as Chip Selloff Crosses Into Asia
KOSPI fell 5.5% and Samsung shed 7.3% on Wednesday as the global chip selloff deepened, with US 30-year Treasury yields reaching their highest level since 2007.
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Reddit Joins the S&P 500 Monday as Index Funds Scramble to Buy 16.7 Million Shares
S&P Dow Jones Indices announced on August 13 that Reddit will enter the index before markets open on August 18, making it the second pure-play social media stock in the S&P 500 after Meta.
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Anthropic Eyes $2 Trillion October IPO That Would Eclipse SpaceX as Largest Ever
Six Anthropic investors told the FT the AI lab is targeting $2 trillion in its October IPO, which would be the largest public offering in history.
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S&P 500 Closes at Record 7,799 as Soft PPI Eases Rate-Hike Fears
Weaker-than-expected producer price data on Thursday pushed the S&P 500 to a new closing record of 7,798.99, trimming the probability of a Federal Reserve rate hike in September.
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Crude Oil Retreats on US Inventory Build and Weak Demand as Hormuz Risks Linger
WTI crude slipped to around $81 a barrel on August 14 as a substantial US stock build and signs of slowing global demand overshadowed ongoing supply risk from the Strait of Hormuz.
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Gold Holds Above $4,400 as Cooling CPI Dims September Rate-Hike Bets
Gold futures held near $4,408 per ounce on August 13 after two consecutive months of cooling US inflation reduced the probability of a Federal Reserve rate hike in September to around 34%.