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Fidelity’s Emerging Markets ETF Is Stealthily Up 30% (and No One’s Watching)
24/7 Wall St.59d agoneutral
Fidelity’s Emerging Markets ETF Is Stealthily Up 30% (and No One’s Watching)

$10,000 parked in the Fidelity Fundamental Emerging Markets ETF (NYSEARCA:FFEM) on the last trading day of 2025 was worth roughly $13,000 at the late-May peak near $43.45, before a recent week of selling trimmed it back to about $12,200 by the June 5 close at $40.73. That puts the headline number where it should be. ... Fidelity’s Emerging Markets ETF Is Stealthily Up 30% (and No One’s Watching)

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The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom
24/7 Wall St.59d agobearish
The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom

If you owned iShares MSCI South Korea ETF (NYSEARCA:EWY) on Friday morning, you had a roughly $204 share by the closing bell that was worth $175.19, a roughly 14% single-day decline that, by intraday magnitude, was the fund’s worst session since the March 2020 COVID crash. A $10,000 position opened at Thursday’s close was worth ... The iShares Korea ETF (EWY) Dropped 14% in Its Most Brutal Session in Six Years, and It Started With Broadcom

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Oil surges on Mideast war escalation, tech stocks slide
AFP59d agobullish
Oil surges on Mideast war escalation, tech stocks slide

Oil prices surged Monday after Iran and Israel resumed strikes against one another despite a purported ceasefire, while technology stocks slumped following heavy pre-weekend losses on Wall Street.Wall Street had tumbled Friday, led by a four-percent drop for the tech-heavy Nasdaq.

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Samsung Elec's chip chief says he discussed next-generation foundry with Nvidia CEO
Reuters59d agoneutral
Samsung Elec's chip chief says he discussed next-generation foundry with Nvidia CEO

Samsung Electronics' co-CEO and head of ‌its chip division, Jun Young-hyun, ‌said on Monday he discussed cooperation ​in next-generation foundry chips with Nvidia CEO Jensen Huang during a meeting in Seoul. Jun said Samsung and ‌Nvidia are ⁠currently collaborating on autonomous driving chips and Groq AI ⁠accelerator chips, and also discussed cooperation on future generations of ​semiconductor products. ​He added ​that the two ‌companies had extensive discussions on long-term cooperation, including in high-bandwidth memory (HBM) 4E and HBM5 chips.

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Korean Leveraged ETF Misfires, Jumps 50% Even as SK Hynix Slumps
Bloomberg59d agoneutral
Korean Leveraged ETF Misfires, Jumps 50% Even as SK Hynix Slumps

(Bloomberg) -- A leveraged exchange-traded fund tied to SK Hynix Inc. surged 50% on Monday despite a drop of nearly 8% in the underlying stock, a dislocation the fund house later attributed to a lack of liquidity in its market-making system.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack

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AI Trade Unwind Rocks Korean Traders Leveraged for One-Way Bet
Bloomberg59d agoneutral
AI Trade Unwind Rocks Korean Traders Leveraged for One-Way Bet

(Bloomberg) -- Fear was already running high ahead of South Korea’s Monday open, but the ferocity of the selloff still caught some investors off guard.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksAI Trade Unwind Rocks Korean Traders Leveraged for One-Way BetWith

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Stocks tumble, oil jumps amid tech rout, Iran tensions
Reuters Videos59d agobullishVIDEO
Stocks tumble, oil jumps amid tech rout, Iran tensions

<body><p>STORY: Asian stocks plunged on Monday morning as investors hit the brakes on the red-hot AI rally.</p><p>South Korea’s tech-heavy KOSPI index took the heaviest beating.</p><p>It was down around 6% by late-morning after volatile trade had earlier triggered a 20-minute halt.</p><p>Chip giant Samsung matched the overall decline.&nbsp;</p><p>Meanwhile, Japan’s Nikkei index was down around 4% by the same time.</p><p>That follows a similar drop for the Nasdaq on Wall Street at the end of last week.</p><p>One analyst told Reuters that doubts have crept in over tech earnings, partly following weaker-than-expected numbers from US chipmaker Broadcom.</p><p>Last week’s hotter-than-expected U.S. jobs data have also all but wiped out hopes for further rate cuts by the Federal Reserve this year.</p><p>Then there’s Iran.</p><p>Tensions in the Middle East have flared again, following Israel’s strikes on Lebanon, and Iran’s retaliatory strikes on Israel.</p><p>International benchmark Brent Crude was up around 3% on Monday morning, once again heading towards the $100 per barrel mark.</p><p>That’s despite weekend action by the OPEC+ oil exporters’ group&nbsp;to reassure markets with a further boost to output.</p><p>Later this week, all eyes turn to the potentially record breaking SpaceX share listing.</p><p>Elon Musk’s rocket firm is set to start trading on Friday, and is expected to debut with a valuation of around $1.75 trillion.</p><p>With so much money going to that, and more possible mega-listings such as OpenAI, some brokers have expressed concern about the impact on other assets.&nbsp;</p></body>

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'Odd Lots' Meets 'The China Show': Stock Rout Hits Asia
Bloomberg59d agoneutralVIDEO
'Odd Lots' Meets 'The China Show': Stock Rout Hits Asia

Asian stocks dropped Monday as AI-related shares sold off after a blistering rally, led by losses in Korean chipmakers SK Hynix and Samsung. Joe Weisenthal and Tracy Alloway from Bloomberg's Odd Lots podcast join Yvonne Man and Stephen Engle on The China Show.

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Nvidia CEO Says Selloff in Tech Stocks Is a Buying Opportunity
Bloomberg59d agoneutral
Nvidia CEO Says Selloff in Tech Stocks Is a Buying Opportunity

(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang called a global tech stocks selloff that began last week a buying opportunity, saying the buildout of artificial intelligence has just begun. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksKorean Sto

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KORU Is Up 236% Year to Date but Just Lost Half Its Value in a Single Trading Day
24/7 Wall St.60d agoneutral
KORU Is Up 236% Year to Date but Just Lost Half Its Value in a Single Trading Day

If you owned Direxion Daily MSCI South Korea Bull 3X Shares (NYSEARCA:KORU) into the close on Friday, June 5, 2026, you watched $10,000 turn into roughly $5,811 in a single session, and you watched a $1,050 share close at $610. The headline number was a roughly 42% one-day drop, which is the kind of move ... KORU Is Up 236% Year to Date but Just Lost Half Its Value in a Single Trading Day

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A 5.54 Percent KOSPI Crash Became a 12 Percent KF Disaster – Here’s Why the Closed-End Wrapper Doubled the Damage
24/7 Wall St.60d agobearish
A 5.54 Percent KOSPI Crash Became a 12 Percent KF Disaster – Here’s Why the Closed-End Wrapper Doubled the Damage

A single share of The Korea Fund (NYSE:KF) was worth $74.49 on the close of June 4, 2026, and $65.53 the next afternoon, which works out to a 12% loss in one trading day. If you owned $50,000 of the fund on Thursday, you owned about $44,000 on Friday, and you watched it happen while ... A 5.54 Percent KOSPI Crash Became a 12 Percent KF Disaster – Here’s Why the Closed-End Wrapper Doubled the Damage

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Synopsys Faces Activist Oversight As Samsung Alliance Deepens Chip Design Role
Simply Wall St.60d agoneutral
Synopsys Faces Activist Oversight As Samsung Alliance Deepens Chip Design Role

Synopsys (NasdaqGS:SNPS) has appointed Jesse Cohn, a senior executive at Elliott Investment Management, to its board of directors. The company also announced an expanded collaboration with Samsung Foundry focused on AI powered EDA tools, certified IP, and solutions for advanced semiconductor nodes. Synopsys is a key supplier of electronic design automation software and semiconductor IP that chip designers rely on to bring complex products to market. The tie up with Samsung Foundry puts...

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Jensen Huang Commands Seoul Stage With Night of Street Theatre
Bloomberg61d agoneutral
Jensen Huang Commands Seoul Stage With Night of Street Theatre

(Bloomberg) -- For one Friday night, Hongdae wasn’t Seoul’s trendiest neighborhood. It was Jensen Huang’s stage.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalThe Nvidia Corp. chief executive landed in Seoul and pr

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