- Oil extends decline on possible Russia-Ukraine peace deal Reuters
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Category: 3. Business
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Oil extends decline on possible Russia-Ukraine peace deal – Reuters
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SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip names
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.
Kazuhiro Nogi | Afp | Getty Images
A sector-wide pullback hit Asian chip stocks Friday, led by a steep decline in SoftBank, after Nvidia‘s sharp drop overnight defied its stronger-than-expected earnings and bullish outlook.
SoftBank plunged more than 10% in Tokyo. The Japanese tech conglomerate recently offloaded its Nvidia shares but still controls British semiconductor company Arm, which supplies Nvidia with chip architecture and designs.
SoftBank is also involved in a number of AI ventures that use Nvidia’s technology, including the $500 billion Stargate project for data centers in the U.S.
South Korea’s SK Hynix fell nearly 10%. The memory chip maker is Nvidia’s top supplier of high-bandwidth memory used in AI applications. Samsung Electronics, a rival that also supplies Nvidia with memory, fell over 5%.
Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker and manufacturer of Nvidia’s chip designs, was down over 4% in Taipei.
Taiwan’s Hon Hai Precision Industry, also known as Foxconn, which manufactures server racks designed for AI workloads, dipped 4%.
The retreat in major Asian semiconductor giants comes after Nvidia fell over 3% in the U.S. on Thursday, despite beating Wall Street expectations in its third-quarter earnings the night before.
The company also provided stronger-than-expected fourth-quarter sales guidance, which analysts said could lift earnings expectations across the sector.
However, smaller chip players in Asia were not spared either.
In Tokyo, Renesas Electronics, a key Nvidia supplier, fell 2.3%. Tokyo Electron, which provides essential chipmaking equipment to foundries that manufacture Nvidia’s chips, was down 5.32%.
Another Japanese chip equipment maker, Lasertec, was down over 3.5%.
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GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program
FOR IMMEDIATE RELEASE
Guangzhou, China / Aurora, Ontario – Nov 21, 2025 – Today, GAC and Magna announced a vehicle assembly program to accelerate electric mobility and expand localized EV production in Europe. The collaboration underscores GAC’s regional commitment, extending assembly, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Serial production of GAC’s electric SUV AION V is now underway at Magna’s Graz facility.
“Europe is a vital market in GAC’s global development,” said Wei Haigang, President of GAC INTERNATIONAL. “Partnering with Magna enables us to bring locally assembled electric vehicles to European customers that reflect GAC’s values of smart technology, sustainability and craftsmanship.”
Roland Prettner, President of Magna Complete Vehicles, added: “This collaboration reflects the trust automakers place in Magna’s expertise. Our Graz facility provides flexibility and capacity, allowing OEMs like GAC to localize production efficiently and confidently.”
The AION V, which earned a five-star Euro NCAP rating, debuted in Finland, Poland and Portugal. GAC plans to expand into additional European markets through new partnerships, service and sales networks.
Magna’s Graz operation, known for operational excellence, is capable of producing internal combustion, hybrid and electric vehicles on shared lines. With 125 years of manufacturing experience, Magna has developed 40+ vehicle models and produced over 4 million vehicles worldwide.
Together, GAC and Magna are shaping the future of mobility by combining electrification, design and manufacturing expertise. It underscores both companies’ commitment to quality, reliability and sustainable mobility across Europe and beyond.
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GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program
FOR IMMEDIATE RELEASE
Guangzhou, China / Aurora, Ontario – Nov 21, 2025 – Today, GAC and Magna announced a vehicle assembly program to accelerate electric mobility and expand localized EV production in Europe. The collaboration underscores GAC’s regional commitment, extending assembly, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Serial production of GAC’s electric SUV AION V is now underway at Magna’s Graz facility.
“Europe is a vital market in GAC’s global development,” said Wei Haigang, President of GAC INTERNATIONAL. “Partnering with Magna enables us to bring locally assembled electric vehicles to European customers that reflect GAC’s values of smart technology, sustainability and craftsmanship.”
Roland Prettner, President of Magna Complete Vehicles, added: “This collaboration reflects the trust automakers place in Magna’s expertise. Our Graz facility provides flexibility and capacity, allowing OEMs like GAC to localize production efficiently and confidently.”
The AION V, which earned a five-star Euro NCAP rating, debuted in Finland, Poland and Portugal. GAC plans to expand into additional European markets through new partnerships, service and sales networks.
Magna’s Graz operation, known for operational excellence, is capable of producing internal combustion, hybrid and electric vehicles on shared lines. With 125 years of manufacturing experience, Magna has developed 40+ vehicle models and produced over 4 million vehicles worldwide.
Together, GAC and Magna are shaping the future of mobility by combining electrification, design and manufacturing expertise. It underscores both companies’ commitment to quality, reliability and sustainable mobility across Europe and beyond.
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From AI enthusiasm to bubble worries in one day
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 20, 2025.
Brendan McDermid | Reuters
U.S. stocks delivered one of their sharpest mood swings in months on Thursday.
The Nasdaq Composite ended down 2.16% after spending the morning stateside up as much as 2.6%. The wild swings from high to low (regrettably, not in the opposite direction) were also seen in the S&P 500, which lost 1.56% at the end of the day after reaching a high of 1.9%. The Dow Jones Industrial Average followed the same arc, closing 0.84% lower from an intraday rise of 1.56%.
Nvidia led the turbulence. Shares of the AI chip darling were up as much as 5% before tumbling from that peak to finish the session down 3.2%. Plotted roughly, the movement of other AI shares, including Oracle and AMD, traced similar paths, suggesting Nvidia CEO Jensen Huang's rejection of the AI bubble narrative initially reassured investors, but their concerns couldn't be repressed for long.
September's U.S. jobs report also added to the market's strain. Even though the data was so delayed that today's economy could look very different from what it was two months ago, the numbers were much better than expected. That further dampened expectations of a rate cut, with traders increasing their bets that U.S. Federal Reserve officials will hold interest rates in December, according to the CME FedWatch tool.
Investors now find themselves contending with stretched valuations and one fewer rate cut on the horizon. Holiday optimism is still on the calendar, but the timeline for cheer to set in looks less generous than hoped for.
What you need to know today
U.S. stocks fell as AI stocks tumbled again. Major indexes closed in the red on Thursday stateside in a volatile day of trading, while Bitcoin fell to its lowest price since April. Europe's Stoxx 600 added 0.4%, with AI-related stocks such as ASML and BESI ticking up.
Key takeaways from Nvidia's earnings. CEO Jensen Huang rejected the idea of an "AI bubble," CFO Colette Kress affirmed the company's "half a trillion" revenue forecast and said China orders during the quarter were "insignificant."
The U.S. added 119,000 jobs in September. That's sharply higher than the Dow Jones consensus estimate of 50,000. Unemployment rose to 4.4% from 4.3% in August, the highest in almost four years.
Ray Dalio counsels holding amid bubble. The Bridgewater founder told CNBC on Thursday "the picture is pretty clear" that we are in a bubble. But nothing is popping it just yet, and investors should still hold on to their positions.
[PRO] A 'storm brewing' in UK investment trusts. Activist investor Boaz Weinstein thinks there are opportunities because of valuation mismatches — and has revealed two of his plays in this space.
And finally...
Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, U.S., on Nov. 19, 2025.
Stefani Reynolds | Bloomberg | Getty Images
Nvidia had a blowout quarter. But analysts warn the real AI bubble risk lies elsewhere
While Nvidia's earnings are widely viewed as an important gauge of the AI industry's health, some analysts warn that its performance doesn't tell the whole story.
Analysts who spoke to CNBC drew a line in the sand between AI chip companies, such as Nvidia, and downstream players, including hyperscalers and firms building AI models. "The concern is about companies raising a lot of debt to build data centers," said Gil Luria, head of technology research at D.A. Davidson.
— Dylan Butts
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US and Asia stocks slide as AI jitters persist
Danielle KayeBusiness reporter
ReutersThe three major stock indexes in the US resumed their slide on Thursday, reversing course after an early morning rally. A burst of solid business news in the US was supposed to calm markets, which have been in retreat in recent weeks.
But strong sales at artificial intelligence (AI) chip giant Nvidia and the world’s largest retailer Walmart, better-than-expected hiring in September, and even a pickup in home sales have so far done little to quell investor worries.
The three biggest US stock indexes US resumed their slide on Thursday, reversing course after an early morning rally. The S&P 500 ended the day 1.5% lower, the Dow Jones Industrial Average fell 0.8% and the Nasdaq lost more than 2%.
Major stock markets in Asia also lost ground on Friday morning.
In New York, shares in Nvidia, which had surged in Thursday morning trading, fell by more than 3%.
“The reaction is noteworthy, because what should have happened, didn’t happen,” said James Stanley, a senior analyst at StoneX, referring to the sudden fade in the broader US market rally on Thursday.
“You’ve got to ask what’s happening under the surface.”
In Asia, Japan’s Nikkei 225 was down by nearly 2%, with technology investment giant Softbank plunging by more than 8%.
South Korea’s Kospi was down by 3.2%. Shares in chipmaker SK Hynix fell by almost 8% and Samsung was more than 4% lower.
Hong Kong’s Hang Seng opened around 2% lower.
The price of Bitcoin also fell on Thursday, extending recent declines and falling below $90,000 to its lowest since April. Analysts attributed the drop to, in part, concern about AI valuations.
Fears of an AI bubble continue to swirl, even though Nvidia’s results, which showed the chip giant powering on amid robust demand for its AI chips, briefly lifted stocks after-hours on Wednesday and early Thursday.
Chief executive Jensen Huang dismissed concerns that AI companies are overvalued. “From our vantage point, we see something very different,” he said on a call with analysts.
But fears on Wall Street persist, investment analysts said, despite Mr Huang’s reassurance and blockbuster results from the chip-maker, which is seen as a bellwether for the AI boom. Those fears have picked up this month.
Speaking to the BBC this month, Alphabet chief executive Sundar Pichai warned of some “irrationality” in the current AI boom.
Analysts with Oxford Economics said the recent technology draw-down signals “a healthy correction rather than the start of something more threatening”. Earlier this week, they warned that tech stocks might suffer from profit taking in the near term, but noted that “it’s too early to call an end to the AI investment boom”.
At the same time, investors remain on edge about the path forward for interest rates. They are still awaiting key inflation data that had been delayed during the US government shutdown, which could inform the Federal Reserve’s pace of cuts into next year.
The S&P 500 index is more than 4% lower so far in November, putting it on track for its worst month since March.
Investors, Mr Stanley said, are “squaring up” as they grapple with uncertainty about the state of the economy, and whether the Fed will be forced to keep interest rates higher if inflation heats up.
“There’s a lot of trepidation about where inflation is,” he said. “There’s a lot of opacity.”
Thursday’s jobs report did little to offer clarity on the Fed’s upcoming decisions about interest rates, said Eric Teal, chief investment officer at Comerica Bank.
While employers added 119,000 jobs in September – more than double what many analysts had expected – the unemployment rate ticked up from 4.3% to 4.4%, the Labor Department figures showed. The mixed data, analysts said, leaves more questions than answers about whether the Fed will cut at their next meeting in December, and into 2026.
Mr Teal pointed to continued AI adoption and lower interest rates as two key aspects of the economic backdrop that need to remain intact in order to keep propelling stocks to new highs.
Growing jitters about an AI bubble and inflation could inject even more volatility into financial markets beyond this month, he added.
“When you have a market that’s priced at perfection, you need all of the external catalysts behind it to keep driving it higher,” Mr Teal said.
“A lot of those things, over the past three weeks, have been called into question.”
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Hyundai IONIQ 6 N High-Performance EV Supercharges AutoMobility LA with North American Premiere
1) Up to 601 hp (448 kW) standard. When N Grin Boost is engaged, IONIQ 6 N provides 10 seconds of boosted acceleration up to 641 hp (478 kW). Actual horsepower will vary with options, driving conditions, driving habits and vehicle’s condition. IONIQ 6 N can accelerate from 0-60 mph in approximately 3.2 seconds when N Launch Control and N Grin Boost are engaged. Actual results may vary depending on options, driving conditions, driving habits and vehicle’s condition.
2) Always use extreme caution when using the N e-Shift, N Pedal, N Torque Distribution, and N e-shift features. The driver is responsible for being attentive and maintaining control of the vehicle at all times. See Owner’s Manual for further details and limitations.
3) Only use the N Race, N Drift Optimizer, N Launch Control, N Grin Boost, and Track SOC features on a closed racetrack and with extreme caution. Never use N Race, N Drift Optimizer, N Launch Control, N Grin Boost, or Track SOC on public roads. Frequent use of these features can weaken battery durability. See Owner’s Manual for further details and limitations.
4) Approximately 18 minutes to charge from 10% to 80% on a 350-kW, 800V DC ultra-fast charger. Actual charging time varies based on a number of factors, including current battery charge level, output of the charging unit, vehicle and battery settings, battery temperature and outside temperature. Ultra-fast charging stations are provided by independent companies and availability is not guaranteed.
5) Blind-Spot Collision Warning (BCW) assists the driver by warning of other cars in the blind spot region. It senses the rear side territory of the vehicle when it is traveling over 25 mph. There are limitations to the function, range, detection, and clarity of the system. It will not detect all vehicles or objects in the blind spot. Its operation depends on the size, distance, angle and relative speed difference between your car and other cars. BCW may not operate if sensors are obscured in any way. Do not rely exclusively on BCW. BCW is a supplemental system and the driver must still be attentive and exercise caution when driving. It is the driver’s responsibility to be aware of the surroundings and ensure it is clear before changing lanes or directions. See Owner’s Manual for further details and limitations.
6) Highway Driving Assist 2 (HDA2), is for highway use only and can help keep the vehicle centered in its lane while maintaining a safe distance from the vehicle ahead only when the lane markings are clearly visible on the road and should not be used in poor weather, heavy or varying traffic, or on winding or slippery roads. HDA2 will not work under all circumstances and will not prevent loss of control. Driver remains responsible for slowing or stopping the vehicle to avoid a collision. See Owner’s Manual for further details and limitations.
Sunwoo Kim
sunwookim@hyundai.com
Global PR Contents · Hyundai Motor CompanyDisclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles with industry-leading hydrogen fuel cell and EV technologies.
More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
Follow our Hyundai Global Newsroom Instagram channel @hyundai_mediahub
Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company’s Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai’s 850 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a published economic impact report. For more information, visit www.hyundainews.com.
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Contact
Derek Joyce
djoyce@hmausa.com
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Australia Blocks U.S.-Based Cosette’s $387.2 Million Takeover of Mayne Pharma – The Wall Street Journal
- Australia Blocks U.S.-Based Cosette’s $387.2 Million Takeover of Mayne Pharma The Wall Street Journal
- Foreign Investment Decision The National Tribune
- Takeovers Panel says Cosette can’t shutter Mayne’s Adelaide drug plant Lawyerly
- Treasurer blocks US takeover of Aussie pharma company Yahoo Finance Australia
- Mayne shares rally on bid approval hopes as FIRB delays its ruling AFR
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Samsung Elec names mobile chief as new co-CEO – Reuters
- Samsung Elec names mobile chief as new co-CEO Reuters
- Samsung Electronics Announces New Leadership samsung.com
- Samsung Electronics appoints Roh Tae-Moon as DX head and CEO – CHOSUNBIZ Chosun Biz
- Samsung Electronics has reportedly begun the process of notifying retired executives.Usually, when s.. 매일경제
- Samsung announces acting DX chief as official head of division The Korea Herald
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