Finance

South Korean memory chip giant SK Hynix successfully launched the largest foreign listing in U.S. history this week. Shares soared approximately 13% on their first day of trading, reflecting strong investor appetite for firms integrated into the global artificial intelligence infrastructure supply chain.

The yield on the benchmark 10-year Treasury note finished the week at 4.56%, holding steady as market participants weighed geopolitical tensions in the Middle East. Concerns over crude supply eased slightly as West Texas Intermediate oil prices pulled back to around $72 a barrel following a series of retaliatory strikes involving the U.S. and Iran.

The LSEG/Ipsos Primary Consumer Sentiment Index rose to 51.0 in July, its first increase since January, though it remains below last year's levels. While consumer confidence is showing signs of stabilizing after an initial peace deal announcement between the U.S. and Iran, persistent inflation and elevated interest rates continue to pressure household savings.