Finance

South Korean memory-chip manufacturer SK Hynix successfully launched the largest-ever U.S. share sale by a foreign company, raising approximately $26.5 billion. The company's American depositary receipts surged 13% on their first day of trading on the Nasdaq, highlighting robust global interest in AI infrastructure providers.

Meta Platforms emerged as a primary driver of market performance, recording its strongest weekly gain since early 2024 with an increase of more than 14%. The stock's performance was bolstered by reports of internal custom silicon development and more efficient capital expenditure projections for AI capacity.

The yield on the 10-year U.S. Treasury note settled near 4.56% at the end of the week, easing slightly from recent peaks. This stabilization followed a decline in crude oil prices and ongoing diplomatic efforts in the Middle East, which helped mitigate immediate fears regarding aggressive interest rate hikes.