Finance

South Korean memory chip giant SK Hynix successfully launched the largest-ever U.S. debut by a foreign company, raising over $26 billion. The offering saw massive demand as the company seeks to expand its capacity to meet the global surge in high-bandwidth memory requirements for AI infrastructure.

The 10-year U.S. Treasury yield rose to 4.56% as renewed conflict between the U.S. and Iran disrupted market stability. Investors are demanding higher yields due to concerns that rising energy costs and potential supply chain issues will keep inflation elevated above the Federal Reserve's target.

U.S. equity funds saw significant inflows as analysts projected a nearly 41% year-on-year earnings growth for large-cap technology firms. While optimism remains high, experts caution that elevated expectations have set a difficult bar for companies to clear, risking harsh market revaluations for any misses.