Finance

Broadcom shares rose more than 5% after the company announced an extension of its supply agreement with Apple through 2031. This long-term deal focuses on the development and supply of a wide range of custom chips, providing a significant boost to the semiconductor index and stabilizing investor confidence in hardware demand.

U.S. Treasury yields eased on Monday, with the benchmark 10-year note drifting toward 4.45% as investors reacted to recent softer-than-expected June payroll figures. The cooling labor market has led participants to recalibrate their expectations for Federal Reserve interest rate hikes ahead of the central bank's upcoming policy minutes.

South Korean memory chip giant SK Hynix is set to launch a U.S. listing on the Nasdaq this week, aiming to raise approximately $28 billion to $29 billion. This offering is expected to be one of the largest U.S. listings in history and serves as a critical test of global investor appetite for artificial intelligence infrastructure.