Finance

South Korean chipmaker SK Hynix officially joined the Nasdaq in what is considered the largest market debut by a foreign company, raising approximately $26.5 billion. The massive offering, which was oversubscribed by more than seven times, underscores continued investor appetite for AI-critical hardware and memory infrastructure.

The 10-year Treasury yield slipped to approximately 4.54% as falling crude oil prices helped mitigate immediate inflation concerns. While yields have eased from recent two-month highs, markets continue to price in the possibility of at least one more interest rate hike from the Federal Reserve before the end of the year.

Delta Air Lines reported second-quarter financial results featuring $1.4 billion in pre-tax profit, driven by robust travel demand and strong operational execution. The airline maintained its full-year earnings guidance while increasing its dividend by 15%, despite facing record-high quarterly fuel expenses.