Finance

South Korean semiconductor giant SK Hynix made a historic debut on U.S. markets by listing its American Depositary Receipts on the Nasdaq. The memory-chip manufacturer successfully raised over $26 billion in its offering, with its stock soaring 13% above the initial offering price. This blockbuster listing injected renewed optimism into the broader chip and memory-hardware sector.

Digital assets experienced a steady recovery, with Bitcoin climbing past the $64,000 mark and Ethereum tracking higher. Short-term geopolitical losses were largely erased, resulting in nearly $96 million in short liquidations across the market. Institutional confidence also showed signs of returning, highlighted by net inflows of roughly $90 million into U.S. spot Bitcoin ETFs.

The 10-year U.S. Treasury yield edged higher, sustaining levels near 4.6% as investors balanced shifting economic indicators. Persistent macro anxieties regarding energy costs and potential global inflation are maintaining upward pressure on yields. These high borrowing costs continue to influence discussions regarding the Federal Reserve's restrictive monetary policy trajectory for the remainder of the year.