Category: Markets

SK Hynix tumbled ~9% as Asian semiconductor stocks slid after U.S. chip losses. Traders cite crowded AI-driven positions and rising profit-taking across the sector.

SK Hynix plunged over 9% as Asian semiconductor stocks slid after U.S. chip losses. Micron, Intel, AMD and ASML developments shaped the regional rout.

James Patten, final defendant in the $100M New Jersey deli stock‑manipulation case, asks for no prison time ahead of his July 21 sentencing; prosecutors seek 12–18 months.

Stripe and Advent offer $60.50 per share to buy PayPal (PYPL), valuing the company at ~$53.4B with $17B equity and $50B financing; PayPal’s board to meet July 20.