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    Nomura silences AI doubters, says Kospi can hit 10,000 mark to double as fundamentals are intact

    South Korea's Kospi plunged to a nine-month low amid fears that US political shifts could slow AI infrastructure spending and hurt chip demand. However, Nomura remains bullish, projecting a potential recovery towards 10,000, with a near-term target of 7,500–8,000.

    Global Market Today: Asian stocks slide as tech earnings disappoint, AI fears mount

    The Kospi Index in South Korea — a key barometer of the AI trade — fell over 3% with chip heavyweights Samsung Electronics Co. and SK Hynix Inc. declining. That dragged the MSCI Asia Pacific Index down 0.3%.

    Global Market Today: Wall Street gains lift Asian stocks as Fed decision looms

    Gauges in Japan and South Korea advanced, helping the broader MSCI Inc.’s Asia Pacific equities gauge rise 0.6%. Equity-index futures for US stocks also climbed in early trading.

    Intel-backed software company Syntiant files for US IPO

    The listing is the latest in a string of AI-related IPOs this year, ⁠amid a ⁠broader revival in the U.S. IPO market as companies seek to capitalize on growing investor confidence.

    Nvidia and five tech giants now command 30% of the S&P 500 Index

    The S&P 500 Index is now dominated by the six major US companies, Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Inc., and Meta Platforms Inc., marking a notable shift in market dynamics.

    SoftBank's Arm in talks with big clients about investing in IPO: report

    SoftBank Group Corp's Arm is in talks with some of its biggest customers and end users about bringing on one or more anchor investors in the chip designer's initial public offering (IPO), two sources familiar with the matter said.

    The Economic Times
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