Finance

South Korean memory-chip manufacturer SK Hynix completed a massive $26.5 billion US share offering, marking the largest listing ever by a foreign company on American exchanges. Shares surged as much as 13% during its first trading session on the Nasdaq, reflecting continued investor enthusiasm for firms supporting artificial intelligence infrastructure.

Energy markets stabilized on Friday with West Texas Intermediate crude hovering near $72 per barrel as reports of potential new talks between the US and Iran reduced immediate supply fears. Simultaneously, the 10-year Treasury yield slipped to approximately 4.54%, easing from earlier highs as cooling energy prices helped temper long-term inflation concerns.

Corporate results presented a divided picture of the US consumer, as Costco shares fell over 4% following reports of decelerating sales growth in June. In contrast, Delta Air Lines reported a significant $1.44 billion profit for the quarter, with the CEO citing exceptionally strong demand for travel despite high historical fuel costs.