Finance

South Korean memory chip manufacturer SK Hynix completed the largest-ever U.S. share sale by a foreign company, raising over $26 billion in its Nasdaq listing. The company's American depositary receipts surged as much as 20% during their debut, highlighting continued investor appetite for artificial intelligence infrastructure despite recent volatility in the broader semiconductor sector.

U.S. Treasury yields rose this week, with the 10-year note reaching 4.56%, its highest level since late May. Market participants are shifting focus toward upcoming June Consumer Price Index data and congressional testimony from Federal Reserve Chairman Kevin Warsh, as ongoing geopolitical tensions in the Middle East continue to influence inflation expectations.

The upcoming week will see major financial institutions including JPMorgan Chase, Bank of America, Citigroup, and Goldman Sachs report their latest results on Tuesday, July 14. Analysts are closely watching these reports to gauge the health of capital markets and consumer resilience after a first half of the year marked by significant interest rate and inflationary shifts.