On July 22, the Nikkei 225 Index closed down 116.59 points, or 0.18%, at 66,115.60. The Korea KOSPI Index closed up 49.75 points, or 0.74%, at 6,797.7. In early trading, the index once surged over 6%. SK Hynix fell 0.32%, while Samsung Electronics rose 0.57%. (Jin Shi)
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KOSPI Index Closes 0.7% Higher, Surges Over 6% in Early Trading
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Supermicro Surges Over 14% Pre-Market as Q4 Gross Margin Doubles Guidance, New Orders Exceed $60 Billion
On July 22, AI server manufacturer Supermicro (SMCI.US) surged over 14% in pre-market trading to $29.17. On the news, the company released preliminary results for the fourth fiscal quarter ended June 30. The company's GAAP and non-GAAP gross margins are expected to be between 15% and 17%, nearly double the previously guided range of 8.2% to 8.4%. Management attributed this better-than-expected performance to favorable customer structure and product mix. Meanwhile, the company's total new orders for the quarter exceeded $60 billion, a record high. -
US Optical Communication Stocks Fall in Pre-market, Marvell Down Over 2%
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US AI chip stocks fall pre-market, Intel down 3%
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Beijing State-owned Capital: Nearly 10 Billion Yuan Allocated to Stock Market from Own Funds
On July 22, Beijing State-owned Capital Operation and Management Co., Ltd. announced that, as of now, it has allocated nearly 10 billion yuan from its own funds to invest in the stock market. Going forward, the company will continue to support listed company stocks using its own funds and through its subsidiaries, including securities firms and public funds, while also backing the development of the Beijing Stock Exchange. Rooted in its functional role as a state-owned capital operator, the firm is committed to safeguarding the strategic value of core assets of listed companies and contributing to the stable and healthy growth of the capital market through concrete actions, as a state-owned enterprise based in Beijing. (Beijing State-owned Capital) -
U.S. Stock Futures Fall, Major Indices Decline
U.S. stock futures are lower, with Nasdaq 100 futures down 1%, S&P 500 futures down 0.4%, and Dow futures down 0.3%. -
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