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Korean Stocks Drop 5% as Chip Slump Fuels Overheating Concerns
Bloomberg80d agobearish
Korean Stocks Drop 5% as Chip Slump Fuels Overheating Concerns

(Bloomberg) -- Supercharged gains in a handful of companies and weak market breadth are stoking concerns that the world’s hottest stock market is overheating in some pockets. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapTrump Says Holding Off on New Iran Strikes After Gulf AppealElon Musk Loses Case Against Sam Altman Over OpenAI’s OverhaulU

Samsung, labour union meet again as Seoul threatens to intervene to block strike
Reuters80d agoneutral
Samsung, labour union meet again as Seoul threatens to intervene to block strike

Samsung Electronics and its South Korean labour union began another round of talks on Tuesday to break an impasse in bonus negotiations, ‌after dialogue on Monday did not produce an agreement. The two sides are under mounting pressure ‌to avert an imminent strike that threatens to hurt the Korean economy and chip production, but remained far apart during the ​government-mediated pay talks on Monday. Media reports said on Tuesday, citing the chairman of the National Labor Relations Commission that Samsung and the labour ‌union are narrowing some differences.

​Taiwan Semiconductor Manufacturing (TSM) Among the Best Stocks to Invest in According to Billionaires
Insider Monkey80d agoneutral
​Taiwan Semiconductor Manufacturing (TSM) Among the Best Stocks to Invest in According to Billionaires

​Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Stocks to Invest in For 5 Years According to Billionaires. On May 15, Bank of America Securities analyst Haas Liu reiterated a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) with a price target of 2,560 Taiwan dollars. ​The firm noted that competitive […]

Apple Readies AI Writing Help, App Shortcuts and Wallpapers for iOS 27
Bloomberg80d agobearish
Apple Readies AI Writing Help, App Shortcuts and Wallpapers for iOS 27

(Bloomberg) -- Apple Inc. is preparing a wave of artificial intelligence features for its next iPhone and iPad operating systems, including a grammar checker and new shortcut options, part of an effort to narrow the gap with capabilities available on rival devices.Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as

DRAM Surged 51% in One Month While SOXX Climbed 32%, but Only One Survives the Memory Cycle Downturn
24/7 Wall St.80d agobullish
DRAM Surged 51% in One Month While SOXX Climbed 32%, but Only One Survives the Memory Cycle Downturn

The choice between the Roundhill Memory ETF (CBOE:DRAM) and the iShares Semiconductor ETF (NASDAQ:SOXX) looks like a semiconductor exposure decision, but it is really a question about how concentrated a cyclical bet you want to make. SOXX gives you the whole chip stack. DRAM gives you three companies in a trench coat: Samsung Electronics, SK ... DRAM Surged 51% in One Month While SOXX Climbed 32%, but Only One Survives the Memory Cycle Downturn

Samsung Electronics and union extend talks to avert strike threatening global supply chains
Reuters81d agoneutral
Samsung Electronics and union extend talks to avert strike threatening global supply chains

Samsung Electronics and its labour union plan to hold more talks on Tuesday in a bid to avert the biggest strike in the tech giant's history, amid concern that a walkout by more than 45,000 ‌workers could hit South Korea's economy and disrupt global supply chains. The threatened 18-day strike starting on Thursday comes amid an acute global shortage in ‌memory chips, which are essential components in AI data centres, smartphones and laptops. The shortage has fueled soaring profits at Samsung and its peers in recent months.

Samsung resumes talks with union as strike looms
Reuters Videos81d agoneutralVIDEO
Samsung resumes talks with union as strike looms

<body><p>STORY: Samsung Electronics and its South Korean labor union kicked off a new round of government-mediated pay talks on Monday.</p><p>The talks follow the collapse of an initial round of negotiations over pay and bonuses, ahead of a strike due to begin on Thursday.</p><p>Before the meeting, union representative Choi Seung-Ho talked to reporters.</p><p>“We've now reached the follow-up mediation stage anyhow, and I'd also like to convey that we will engage sincerely in this second round of follow-up mediation."</p><p>More than 45,000 workers are threatening to stage the largest strike in the company's history, running for 18 days from May 21.</p><p>:: Samsung Electronics</p><p>South Korean government officials have voiced concerns that a strike should be avoided at all costs, warning of significant risk to economic growth, exports and financial markets.</p><p>Samsung accounts for almost a quarter of the country's overseas shipments.&nbsp;</p><p>:: Archive</p><p>President Lee Jae Myung said on X on Monday that management rights should be respected as much as labor rights.</p><p>He said workers should receive fair compensation for their labor, while shareholders who bear risks and losses through investments also deserve a share of corporate profits.&nbsp;</p><p>Samsung shares were up around 3% by early afternoon in Seoul.&nbsp;</p></body>

Korean Stocks Rebound From Brink of Correction on Samsung Rally
Bloomberg81d agobullish
Korean Stocks Rebound From Brink of Correction on Samsung Rally

(Bloomberg) -- South Korean stocks erased their morning losses to finish higher, as optimism over progress in Samsung Electronics Co.’s labor talks helped offset the hit to sentiment from rising bond yields.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpTrump Gets Revenge on Republican Wh

Interactive Brokers (IBKR) Launches Direct Trading Access to Korea Exchange
Insider Monkey81d agoneutral
Interactive Brokers (IBKR) Launches Direct Trading Access to Korea Exchange

Interactive Brokers Group Inc. (NASDAQ:IBKR) is one of the best large cap stocks to buy under $100. On May 7, Interactive Brokers announced the launch of access to equities listed on the Korea Exchange/KRX, making it the first major US-based broker to offer trading in South Korea’s $4 trillion equity market. This addition enables international […]

Samsung Electronics and its South Korean union resume pay talks as strike risks loom
Reuters81d agoneutral
Samsung Electronics and its South Korean union resume pay talks as strike risks loom

Samsung Electronics and its South Korean labour union are set to join a new round of government-mediated pay talks on Monday, in ‌a bid to avert a strike at the tech giant, which accounts for nearly a ‌quarter of the country's exports. The talks resume days after a first round of government-mediated negotiations over pay and bonus schemes ​collapsed, ahead of a strike scheduled to begin on Thursday at the world's largest memory chipmaker. South Korean government officials, including the prime minister and finance minister, have voiced concerns that a strike should be avoided at all costs, warning it could pose significant risk to economic growth, exports and financial markets.

Kioxia Shares Awash in Buy Orders After AI-Driven Profit Surge
Bloomberg81d agoneutral
Kioxia Shares Awash in Buy Orders After AI-Driven Profit Surge

(Bloomberg) -- Kioxia Holdings Corp.’s shares were untraded in a glut of buy orders Monday morning after the supplier of storage for AI data centers reported soaring profit and gave an outlook that trounced expectations.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimHow Keir Starmer Imploded a