Finance

South Korean semiconductor giant SK Hynix executed the largest-ever U.S. share sale by a foreign entity, raising $26.5 billion. Its American depositary receipts surged 13% during their initial trading session on the Nasdaq, experiencing immense liquidity with more than 100 million shares changing hands. This debut serves as a major indicator of investor confidence regarding high-bandwidth memory demand for AI infrastructure.

Delta Air Lines reported second-quarter financial results that surpassed Wall Street projections for both top-line revenue and net income. However, the company's stock dipped 3% as management revealed that geopolitical disruptions in the Middle East drove quarterly fuel expenditures to a historic peak. Despite these headwinds, strong consumer demand allowed the airline to fully reinstate its full-year earnings expansion goals.

Circle Internet Group secured approval from the Office of the Comptroller of the Currency to establish a federally regulated national trust bank under the name Circle National Trust. The regulatory breakthrough pushed the digital asset firm's shares up by 5% following the announcement. This development grants the USDC stablecoin issuer direct federal oversight for asset custody, marking a major step toward deeper institutional integration.