Finance

South Korean memory chip giant SK Hynix completed the largest-ever U.S. share sale by a foreign company, raising more than $26 billion. Its American depositary receipts surged 13% during their first day of trading on the Nasdaq, highlighting the immense capital still flowing into critical AI infrastructure providers.

Delta Air Lines reported a significant quarterly profit of $1.44 billion, offsetting high fuel costs with robust passenger demand and higher airfares. Despite a slight dip in share price following the report, the company's leadership remains confident in reaching its 2026 profit objectives as demand for air travel remains at record levels.

Crude oil prices moderated as markets weighed the potential for renewed peace negotiations between the United States and Iran following a period of active conflict. While energy prices remain approximately 25% higher than pre-war levels, the prospect of a memorandum of understanding has helped cool immediate inflation fears and stabilized sovereign bond yields.