Bloomberg: A #selloff in #chipmakers extended for another day, pulling #Asian #stocks lower. #European #equities rallied on falling #oil prices and #bondyields.

Bloomberg: A #selloff in #chipmakers extended for another day, pulling #Asian #stocks lower. #European #equities rallied on falling #oil prices and #bondyields.
The board authorized an extra $150 billion in repurchases, lifting the program to $235 billion through fiscal 2028. The largest buyback authorization to date.
Shares in China's biggest memory chip maker jumped nearly 470 percent on its Shanghai Star Market debut, making CXMT the most valuable listed firm
Memory maker Micron expects AI-driven memory demand to outpace expanding supply through 2028, intensifying competition for chips among data-center and device makers.
🇰🇷 Bank of Korea warns on derivatives tied to Korean chipmakers! Cites rapid growth & potential for market volatility, pointing to leverage by Situational Awareness Hedge Fund. 👀 #SouthKorea #Chipmakers #Derivatives #MarketWatch