Stocks
Track global stock market news across major equity markets, including earnings, company announcements, analyst updates, IPOs and market movers. edgeX News helps traders and investors follow key developments in U.S., Asian, European and other global stock markets.
SK Hynix Stock After Q2 2026 Earnings: Record AI Memory Profit Meets a Harder Market
SK Hynix reported record second-quarter 2026 results, with revenue of 79.319 trillion won, operating profit of 60.543 trillion won and net profit of 93.923 trillion won, underscoring strong demand for high-bandwidth memory used in AI infrastructure. Despite the record performance, the shares fell sharply as investors had expected even stronger results and the broader Korean market was already under pressure from a selloff in AI-related stocks. The reaction highlighted a shift from simply proving AI demand to questioning margins, capacity, valuation and the durability of HBM pricing power.
PayPoint Reports Solid First Quarter and Says It Remains on Track for FY27 Expectations
PayPoint reported a solid first quarter for the three months ended 30 June 2026 and said it remains on track to meet FY27 market expectations, despite a challenging consumer backdrop. The company said its business reorganisation is largely complete and is already improving ownership, accountability and execution across its four divisions. Growth in new business, stronger seasonal trading in Love2shop and progress in Digital Payments and Open Banking helped offset softer revenue in Network Services and Merchant Services. PayPoint also confirmed its Capital Markets Day for 29 September 2026, where it will outline its simplified investment case and three-year financial objectives.
Mother Parkers expands into coffee extracts with new Mississauga facility
Mother Parkers Tea & Coffee has opened its Complete Extract Solutions facility in Mississauga, Ontario, marking an expansion into coffee extract solutions aimed at the growing cold coffee market. The new site combines sourcing, roasting, extraction, aseptic processing, packaging and commercial manufacturing in one platform, with a focus on liquid coffee extracts. CEO Danielle Barran said the facility is part of a multi-year strategic investment plan to support scalable cold coffee products. The move comes as cold coffee consumption continues to rise, with industry forecasts pointing to further growth through 2030.
C. Y. Tung and the Rise of Modern Chinese Shipping
A long-delayed biography of Hong Kong shipowner C. Y. Tung has been published in Hong Kong, chronicling how he helped lift Chinese deepsea shipping from a marginal position to a global force. The book traces Tung’s career from the 1930s through wars, Hong Kong’s rise, and the container era, highlighting his early push for policy change, his postwar expansion from Hong Kong, and his pioneering move into container shipping. It also covers setbacks such as the sinking of Seawise University and his later family succession, while underscoring the lasting impact of OOCL and the Tung legacy on Chinese shipping.
Kospi Falls Below 5,300 as Selloff Deepens for Second Straight Day
South Korean stocks extended their steep selloff on Wednesday, with the Kospi dropping as much as 12.63% to 5,262.77 and falling below 5,300 for the first time in nearly six months. The benchmark triggered a circuit breaker for the second straight day, while the Kosdaq also halted trading, marking the first time both markets had circuit breakers activated on consecutive sessions. Heavy selling by retail and foreign investors, led by semiconductor shares such as Samsung Electronics and SK hynix, drove the decline. The slide deepened concerns about the sustainability of the AI and chip rally that had previously lifted the Kospi to record highs.
Sanoma Reports Solid First Half, Reaffirms Full-Year Outlook
Sanoma reported a solid first half of 2026 and said it remains on track to deliver a full-year step change in adjusted operating profit, with its outlook unchanged. Second-quarter net sales were EUR 334.7 million and adjusted operating profit was EUR 62.6 million, while first-half adjusted operating profit rose to EUR 46.4 million on the back of growth in Learning and improved earnings in Media Finland. The company also completed the Vicens Vives acquisition in Spain and reiterated full-year expectations for net sales of EUR 1.29 billion to EUR 1.34 billion and adjusted operating profit of EUR 205 million to EUR 225 million.
Evoca Group Launches Carbon Footprint Calculator
Evoca Group has launched its Carbon Footprint Calculator globally to help roasters, distributors and coffee chains assess the climate impact of professional coffee equipment when making purchasing decisions. The online tool, certified to ISO 14067:2018 methodology, estimates product carbon footprint and energy consumption per cup using data on product model, lifespan, usage and output. Evoca says the calculator covers the full lifecycle, from raw materials to end of life, and is intended to support ESG goals, better compare equipment and provide more verifiable sustainability data.
![[Photo News] A robotic lift for construction workers](https://edgex-public-news-generator-sg-prod.s3.ap-southeast-1.amazonaws.com/news/prod/701eed51c81f319e5bdf172ff6215aa03371b116a2100583c5d86e07b22f9c97.jpg)
[Photo News] A robotic lift for construction workers
Hyundai E&C said Wednesday that it has introduced the X-ble Shoulder exoskeleton in the construction sector for the first time. The industrial wearable, developed by Hyundai Motor Group Robotics Lab, is intended to support workers who carry out repetitive overhead tasks that can strain the shoulders and upper body. Hyundai E&C said the device is expected to reduce fatigue, improve concentration, lower the risk of musculoskeletal disorders and boost overall work efficiency.
KOSPI Falls 8% as July Loss Deepens to 35% in Chip Rout
South Korea’s KOSPI fell 8% on Wednesday, deepening a July slide of about 35% as heavy selling hit the country’s biggest semiconductor names. The benchmark dropped to 5,547.77, its lowest since April, prompting the Korea Exchange to activate a market-wide circuit breaker after an earlier suspension of programme trading. The two-day rout followed steep losses in Samsung Electronics and SK Hynix, with foreign investors selling about 5 trillion won on Tuesday. The decline has intensified concerns over semiconductor valuations and broader exposure to chip stocks across Asian markets.
Core Scientific’s AI Pivot Pays Off as Revenue More Than Doubles in Q2
Core Scientific reported second-quarter revenue of $164.2 million, more than double a year earlier, as artificial intelligence colocation became its main business. Colocation revenue jumped to $136.7 million from $10.6 million, while self-mining continued to shrink as the company shifted power capacity toward AI and high-performance computing customers. The company posted a net loss of $1.15 billion, which it said was mainly due to a non-cash warrant-related accounting adjustment. Core Scientific also expanded its AI push through an AMD partnership covering more than 500 megawatts of capacity starting in 2027, with the potential to scale to 2.5 gigawatts.