Finance

Shares of the South Korean memory chip manufacturer SK Hynix jumped 13% during their first day of trading on U.S. exchanges. The company's successful listing on the Nasdaq was a primary driver of market momentum, highlighting continued appetite for high-performance hardware essential to AI infrastructure.

The 10-year Treasury yield rose to 4.56% as market participants adjusted to the possibility of additional Federal Reserve rate hikes by early 2027. Yields have faced upward pressure due to concerns over high inflation and persistent geopolitical tensions, even as oil prices saw some relief during the week.

Bitcoin maintained its position in the $63,000 range, while the total crypto market capitalization held near $2.3 trillion in early July. Despite seasonal pressure and competition from AI equities, digital assets have shown resilience with some altcoins attracting interest as the industry navigates a cautious recovery phase.