Finance

South Korean memory giant SK Hynix saw its American depositary receipts surge approximately 13% during their first day of trading on the Nasdaq. The listing provided investors with a new direct avenue to play the AI infrastructure boom, though it also sparked some competitive pressure on domestic peers like Micron Technology.

The yield on the 10-year Treasury note finished the week at approximately 4.56%, marking two consecutive weeks of increases despite a slight decline in the final sessions. Investors remain focused on potential interest rate hikes from the Federal Reserve later in 2026 as officials monitor inflation driven by robust AI-related demand.

Crude oil benchmarks, including Brent and West Texas Intermediate, eased slightly on Friday but remained on track for weekly gains of around 5% to 6%. While recent airstrikes in the Middle East caused volatility, ongoing diplomatic discussions between the US and Iran helped mitigate concerns over a long-term disruption to global supply flows.