SK Hynix Debuts on Nasdaq, Lifting Semiconductor Stocks and US Indexes
Updated
Updated · CaixaBank Research · Jul 13
SK Hynix Debuts on Nasdaq, Lifting Semiconductor Stocks and US Indexes
3 articles · Updated · CaixaBank Research · Jul 13
Summary
US stocks rose Friday and volatility eased after SK Hynix began trading on Nasdaq, giving semiconductor shares a fresh boost.
Semis helped offset broader market caution tied to possible Strait of Hormuz disruptions, even as Trump signaled openness to a deal with Iran and oil finished little changed.
Rate expectations also firmed, with markets pricing in two ECB and two Fed hikes over the next 12 months ahead of US June CPI and Kevin Warsh's congressional testimony.
Elsewhere, EuroStoxx 50 and DAX lagged on China-demand and energy-cost worries, while Asian markets advanced, led by Japan's Nikkei.