Core Insights - Oracle's stock experienced a significant decline of over 11% in after-hours trading following disappointing revenue and operating income results, disrupting the post-Fed calm and increasing pressure on global technology markets [1][2] - The market is now questioning whether the AI-driven expansion in cloud and data-center spending can justify current valuations, especially after Oracle's announcement of a $15 billion increase in capital expenditure for data-center capacity [2][7] Market Reaction - The selloff in Oracle's shares had a broad impact, causing European markets to open lower, with notable declines in tech indices and major stocks such as SAP [3] - Asian markets also closed weaker, with the Nikkei down 0.1% and significant drops in Softbank and other tech stocks, reflecting a cautious sentiment due to domestic liquidity concerns in China [5] Future Outlook - Upcoming earnings from Broadcom will be closely monitored, as strong guidance could stabilize market sentiment regarding AI infrastructure demand, while a weaker update could exacerbate concerns stemming from Oracle's performance [6] - The overall sentiment indicates that while interest in the AI boom remains, the tolerance for earnings misses is decreasing, highlighting the rising valuation risk and the increasing importance of corporate earnings confirmation over macro policy signals [7]

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights, all in your hands. Stay connected, stay informed, download the CNBC app today. >> Oh, I'm very excited to be back in the studio. More excited the fact that I've got Juliana Talib leading the show. How are you. >> I'm doing well. Good to have you back. >> It's great to be back, I have to say. Right. Welcome to the scorebox Europe with Juliana Tattlebound. Uh a ...

Core Viewpoint - SK Hynix is considering a U.S. listing to enhance corporate value amid soaring demand for AI hardware, with shares having surged nearly 230% this year [1][2]. Group 1: U.S. Listing Consideration - The company is reviewing various measures to enhance corporate value, including a potential U.S. stock market listing utilizing treasury shares, although no final decision has been made [2]. - SK Hynix has received proposals to list about 2.4% of its shares as American depositary receipts (ADRs) backed by treasury stock [3][4]. - A U.S. listing could help narrow valuation gaps between SK Hynix and U.S.-listed rivals like Micron Technology and Samsung Electronics [5]. Group 2: Financial Performance and Market Response - Following the announcement, SK Hynix shares rose 4% on Wednesday but later traded over 2% lower [5]. - The company has solidified its position in high-bandwidth memory chips, which are essential for Nvidia's AI processors [5]. Group 3: Capital Investment and Industry Support - SK Hynix is investing nearly $4 billion in an advanced packaging fab in Indiana to expand supply capacity and align with U.S. efforts to boost domestic chip production [6]. - The South Korean government is considering a 4.5 trillion won ($3.06 billion) foundry to support local chipmakers amid rising AI chip demand [7].

South Korea’s main bourse issued a higher-level warning on investing in SK Hynix, shares after strong gains sparked by expectations of a listing in New York https://t.co/JLjK1rK6Xs ...

Group 1 - SK Hynix is considering listing American depositary receipts (ADRs) backed by its treasury shares in New York, but no final decision has been made yet [1] - The company is contemplating listing approximately 2.4% of its outstanding shares, which is around 17.4 million shares, as ADRs [2] - SK Hynix's shares closed 3.71% higher at KRW 5,87,000 ($399.43) on the Kospi, influenced by recent developments allowing Nvidia to sell its H200 chips to approved customers in China and other nations [3] Group 2 - The potential New York listing follows a record-breaking chip supply sell-out for 2026, driven by the global AI boom, with Q3 profit reaching an all-time high of $8.02 billion, a 62% increase from the previous year [4] - The company secured custom high-bandwidth memory (HBM) orders from major tech firms like Nvidia, Microsoft, and Broadcom, indicating a shift in demand towards optimizing AI services [5] - SK Hynix's stock has surged 242.87% this year, driven by strong demand for high-bandwidth memory chips in the AI sector and South Korea's initiatives to enhance corporate value and governance [6]

Welcome back to Squawkbox. Five things to know ahead of the opening bell. The price for Warner Brothers Discovery, it could head higher.Bloomberg now reporting that both Netflix and Paramount Sky Dance have signaled they have the ability to raise their bids for the media giant. Separately, longtime media investor Mario Gabell telling Bloomberg he'll likely tender his clients. Warner Brothers Discovery Shares to Paramount in an effort to spark a bidding war for Warner.Meanwhile, computer memory maker Nvidia ...

SK Hynix is reviewing the possibility of listing shares in New York, a move seen potentially helping close the valuation gap between the South Korean chipmaker and US peers including Micron https://t.co/JaXegx2kS6 ...

Market Overview - Asian stocks declined ahead of the Federal Reserve's interest-rate decision, with expectations of a 25 basis-point rate cut despite divisions within the committee [1] - The U.S. dollar faced pressure in Asian trade, while gold traded below $4,200 per ounce and oil prices remained steady after a 2 percent drop in the previous sessions [2] Regional Indices - China's Shanghai Composite index fell by 0.37 percent to 3,909.52, following the Politburo's announcement of plans to enhance domestic demand for 2026 through proactive fiscal and loose monetary policies [2] - Hong Kong's Hang Seng index dropped 1.29 percent to 25,434.23, primarily due to declines in tech stocks [3] - Japan's Nikkei average increased by 0.14 percent to 50,655.10, while the broader Topix index remained relatively unchanged at 3,384.92 ahead of the Bank of Japan's policy decision [3] - Seoul's Kospi average decreased by 0.27 percent to 4,143.55, ending a two-session winning streak amid uncertainty regarding the Federal Reserve's policy direction [4] Sector Performance - Tech shares, including SoftBank Group, Advantest, and Tokyo Electron, saw gains after Nvidia received permission to ship its H200 AI chip to China, leading to a 25 percent cut of sales [4] - Semiconductor and auto shares experienced declines due to profit-taking after recent strong gains, with Samsung Electronics down 1 percent, SK Hynix down 1.9 percent, and Hyundai Motor down 2.7 percent [5] - Australian markets fell as the Reserve Bank of Australia maintained interest rates, citing inflation risks, with the S&P/ASX 200 dropping 0.45 percent to 8,585.90 [5] - New Zealand's S&P/NZX-50 index decreased by 0.23 percent to 13,454.78, reversing earlier gains [6] U.S. Market Impact - U.S. stocks ended lower as Treasury yields rose due to inflation concerns, with the Dow down 0.5 percent, the Nasdaq Composite down 0.1 percent, and the S&P 500 down 0.4 percent [6]

South Korea’s main bourse operator issued its second warning in about one month over the rapid rise in shares of SK Hynix, which have more than tripled this year on the AI boom https://t.co/XtsG7AEG5A ...

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides a mixed outlook for various countries in Asia, indicating potential outperformers and underperformers based on economic conditions and growth forecasts [5][10][11]. Core Insights - The strong momentum of tech exports, particularly driven by AI demand and higher memory prices, is expected to sustain through 2026, while non-tech exports are likely to remain soft due to US tariffs and spillovers from China [10][21]. - The report anticipates a North-South monetary policy divide, with North Asian countries likely to maintain an extended hold on rates, while South/Southeast Asian countries may see further rate cuts [12][30]. - The overall GDP growth for Asia is projected at 3.6% year-on-year in 2026, slightly down from 3.7% in 2025, with specific countries like Korea, Malaysia, Japan, Singapore, Taiwan, and India expected to outperform [10][11][18]. Summary by Sections Economic Outlook - The AI supercycle is driving a regional split, with tech exports expected to thrive while non-tech exports face challenges [10][19]. - Domestic demand shows a mixed picture, influenced by supportive policies and political risks [24][28]. Growth Projections - Korea, Malaysia, Japan, Singapore, Taiwan, and India are projected to outperform, while China, Thailand, and the Philippines may disappoint due to weaker domestic demand [11][28]. - Specific growth forecasts include Korea at 2.3%, Malaysia at 5.2%, and India at 6.9% for 2026, all above consensus estimates [18][32]. Inflation and Monetary Policy - Inflation is expected to remain benign, with an average CPI inflation of 1.9% year-on-year in 2026, up slightly from 1.7% in 2025 [29]. - The monetary policy easing cycle is largely complete in North Asia, while South/Southeast Asia may see further cuts [30][31]. FX and Rates Strategy - The report outlines a strategy for Asia FX and rates into Q1 2026, highlighting potential trades such as long EUR/INR and short SGD/JPY [14][15]. - The USD is expected to remain stable, but risks of a weaker USD are noted due to potential triggers [15][30].