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South Korea’s SK Hynix launches $28 billion US listing to ride global AI wave

July 6 (Reuters) – South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion ​won ($28.07 billion), the company said, as it capitalises on the global AI boom with one of the world’s largest new share sales. The company will sell 17.79 million new shares ‌in the depository receipt listing on the Nasdaq. Ten ADRs will represent one common share and the stock will be sold in a price range that is due to be revealed on Monday, based on SK Hynix’s Seoul trading price. The deal comes as Asian chip companies tap strong

China test-launches a ballistic missile in a South Pacific nuclear-free zone

BANGKOK, July 6, 2026 (AP) — China’s navy test-launched a long-range ballistic missile Monday from one of its nuclear-powered submarines in the South Pacific in a rare move that drew protest and concerns from countries in the region. The missile was launched at 12:01 p.m. and carried a dummy warhead, according the official Xinhua News Agency. China last conducted a missile test in the Pacific two years ago, then firing an intercontinental ballistic missile with a dummy warhead. That previous launch in international waters was the first in decades, since 1980. The launch was part of routine annual training, complied

Companies prioritising AI readiness, specialised skills over large-scale workforce expansion: Report

New Delhi, Jul 6 (PTI) Organisations are increasingly prioritising hiring quality over hiring volume, with AI readiness, specialised skills and faster execution emerging as key workforce differentiators, says a report by upGrad Rekrut, the talent and staffing arm of upGrad. According to India at Work: FY27 Hiring Trends, the hiring market is entering a new phase as employers are increasingly prioritising specialised talent, AI capabilities and faster hiring decisions over large-scale workforce expansion. Based on responses from 11,418 senior HR, talent and business leaders across 12 sectors, the report noted that employers are shifting their focus towards capability-led workforce planning,

Stock markets climb in early trade on buying in blue-chip bank stocks, lower oil prices

Mumbai, Jul 6 (PTI) Benchmark equity indices Sensex and Nifty rallied in early trade on Monday driven by buying in blue-chip bank stocks and lower crude oil prices. Fresh foreign fund inflows also added to the optimistic trend in the domestic equity market. The 30-share BSE Sensex climbed 281.40 points to 78,051.03 in early deals. The 50-share NSE Nifty rallied 74.60 points to 24,347.05. From the Sensex pack, Bharat Electronics, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel and HCL Tech were among the major winners. Kotak Mahindra Bank, Bajaj Finserv, Power Grid and ITC were among the laggards. Brent

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