Stocks

Samsung Electronics reported an unprecedented 19-fold jump in preliminary Q2 2026 operating profit to 89.4 trillion won, soundly beating global forecasts. Fueled by a compounding systemic shortage of conventional DRAM and soaring AI infrastructure demand, the South Korean tech giant is flexing its immense capital scale to cement global semiconductor dominance.

Opendoor Technologies (NASDAQ: OPEN) shares surged 3.88% to close at $5.09 on July 6, 2026, driven by heavy volume following its Russell 3000 index inclusion. While CEO Kaz Nejatian’s Opendoor 2.0 efficiency metrics showcase faster asset turnover, persistent net losses keep this digital real estate platform firmly in the speculative spotlight.

India’s government has launched an offer for sale (OFS) of up to a 5.04% stake in Cochin Shipyard. The OFS opens to non-retail investors today, while retail investors and employees can participate tomorrow. The floor price has been set at Rs 1,400 per share.

Canada said it has chosen Germany’s Thyssenkrupp Marine Systems as the preferred contractor to build around 12 submarines, passing over a bid from South Korea’s Hanwha Ocean and its partner HD Hyundai Heavy Industries. Hanwha Ocean shares fell more than 23% on the news. HD Hyundai Heavy Industries briefly slid 10% in early trade, while South Korea’s Kospi was down around 6% midmorning, weighed in part by post-earnings profit taking in Samsung Electronics.

Kuaishou Technology shares slid more than 6% in Tuesday morning trading after Tencent Holdings disclosed it had sold 273 million Class B shares. Tencent’s stake fell to 9.37% from 15.68%, meaning it is no longer a substantial shareholder, according to a Kuaishou filing to the Hong Kong stock exchange on Monday. Based on Kuaishou’s Monday close of HK$46, the sale is expected to raise about HK$12.56 billion (US$1.6 billion). Kuaishou said the transaction would not have any material adverse effect on operations, and noted it has repurchased HK$8.35 billion of shares, or 52% of its HK$16 billion buyback plan.

Bajaj Auto launched a Rs 5,633 crore share buyback on July 1, offering Rs 12,000 per share for 46.94 lakh shares, or 1.68% of its paid-up equity, at about a 20% premium to the previous close. The record date for eligibility was June 24, and the buyback closes today. The company has said promoters will not participate and that the buyback is expected to lift earnings per share and return on equity.

A2 Milk (ASX: A2M) rose 3.63% to A$7.99, taking its one-month gain to 54%. The company said supply-chain issues affecting its China label infant milk formula business have now been mostly resolved, with channel inventory back to target levels. It also flagged preliminary FY26 results, including revenue of about NZ$1.97 billion (up more than 12% on FY25), an EBITDA margin at the top end of its 14% to 14.5% guidance range, and cash conversion of around 70% versus prior guidance of 50%.

Samsung Electronics reported a 19-fold surge in quarterly profit that beat expectations, but its shares still fell more than 5% in a single session. The drop added to selling pressure across Asian tech stocks, pushing South Korea’s KOSPI down 4% while Japan’s Nikkei 225 edged lower. Investors cited concerns over overly rapid AI chip capacity expansion, intensifying competition and stretched valuations. In contrast, U.S. semiconductor stocks rose, lifting both the S&P 500 and the Nasdaq to higher closes.

Samsung reported quarterly operating profit surging 19-fold to $58 billion, beating analyst expectations. The report said demand from generative AI and agentic AI systems has accelerated memory consumption, helping drive sharp price increases in DRAM and NAND flash. It added that the earnings strength supports the durability of the trend and is seen as a direct positive for Samsung shares and the Memory ETF that tracks DRAM and NAND prices.

Australia’s Lynas has signed a partnership agreement with South Korea’s JS Link to jointly develop a neodymium-iron-boron permanent magnet plant in Kuantan, Malaysia, with annual capacity of 3,000 tonnes. Under the deal, Lynas will supply rare earth materials to JS Link’s magnet factories in South Korea and Malaysia through January 2038. Lynas will invest about US$34.8 million by subscribing for JS Link shares.