4h ago
Samsung’s AI memory boom and cash pile fuel expectations of a special dividend
Samsung Electronics reported second-quarter revenue of 171.5 trillion won and operating profit of 89.5 trillion won as demand for AI memory chips surged. Operating cash flow exceeded 145 trillion won in the first half, while net cash rose to 167.59 trillion won, nearly doubling from a year earlier. On a July 30 earnings call, CFO Park Sooncheol said the board and management are discussing a new shareholder-return programme, including a possible special dividend, according to the Korea Herald.
4h ago
6h ago
China’s Unitree Robotics launches USD 904 million STAR Market IPO, offers 40.45 million shares at 150.80 yuan
Chinese humanoid robot maker Unitree Robotics has launched an initial public offering to list on the Shanghai Stock Exchange’s SciTech Innovation Board. The deal includes about 40.45 million shares priced at 150.80 yuan each, aiming to raise roughly 6.10 billion yuan (USD 904 million). The shares represent 10% of the company’s post-offering share capital. Subscriptions are now open.
6h ago
8-1
IEA says critical mineral investment needs top USD 750 billion by 2040 as copper and lithium gaps persist
The International Energy Agency said the clean-energy transition will require more than USD 750 billion of investment in mining and refining through 2040. Copper accounts for the largest share at about USD 310 billion, followed by nickel at USD 280 billion. The IEA projects lithium demand to more than triple by 2040 and copper demand to rise by more than 25 per cent, adding around 7 million tonnes, while supply gaps for copper and lithium could persist through 2035. These dynamics underpin medium- to long-term price support for base industrial metals such as copper and nickel.
8-1
7-30
Lord's Mark Industries to issue 1,028,483 shares to Bennett, Coleman and Co. at Rs. 158 each
India-listed Lord's Mark Industries Limited (SUS) said it will issue 1,028,483 equity shares to Bennett, Coleman and Co., the parent company of The Times of India, at Rs. 158 per share. The issuance will be carried out under a share and warrant subscription agreement signed between the two parties. The company said the transaction reflects a strategic investor’s recognition of its value and is a non-public equity financing action with implications for SUS’s capital structure, expectations around control, and secondary-market sentiment.
7-30
7-29
Leveraged single-stock chip ETFs draw scrutiny for amplifying South Korea market swings
South Korea’s newly launched leveraged chip ETFs surged in popularity after debuting in May, logging more than 10 trillion won in trading value on the first day—nearly one-third of total ETF turnover. Combined assets under management later peaked at 17.6 trillion won before sliding to 9.92 trillion won after an AI-driven chip rally reversed. Using a dynamic hedging approach, the funds must buy more constituent shares such as Samsung Electronics on up days to maintain leverage, a process that can intensify market volatility.
7-29
7-29
Binance says bStocks tops $500 million AUM seven weeks after launch
Binance said its tokenized securities product bStocks has surpassed $500 million in assets under management seven weeks after launch. The company said 41.5% of users got their first exposure to traditional finance through bStocks, and Gen Z accounts for 44% of trading activity. Binance also said bStocks contributes 58% of equity-linked trading volume on the platform outside U.S. market hours. Recent additions include Apple, Amazon, Goldman Sachs, Dell Technologies and a VanEck Semiconductor ETF.
7-29
7-29
Magellanic Cloud unit Motivity Labs secures USD 1.21 million purchase order from Google LLC
Motivity Labs, a subsidiary of Magellanic Cloud Limited, has received purchase orders from Google LLC totaling USD 1.21 million. The company provides digital transformation, cloud engineering and AI solutions to clients across global markets. The award follows Motivity Labs’ business development efforts, with no disclosure that it would materially affect Google’s financial performance or entail stock-related guidance, capex changes or an upgraded strategic partnership.
7-29