Zhongji Innolight, a Chinese optical transceiver maker, saw its shares drop 1.28% after debuting on the Hong Kong Stock Exchange. The company raised HK$53.4 billion ($6.8 billion) through its IPO, pricing shares below the maximum indicated price. This IPO is Asia's second-largest this year, following CXMT's $8.6 billion Shanghai listing. Zhongji, also listed in Shenzhen, is a leading supplier for AI data centers and high-speed networking, holding over 21% of the global optical interconnect market. The company plans to use the proceeds to boost R&D, expand overseas production, strengthen its supply chain, and pursue acquisitions.
Capricor Therapeutics faces a class action lawsuit alleging it made false statements about the progress of its deramiocel drug candidate toward FDA approval. The lawsuit claims the company misled investors by promoting positive trial results while kn...
Lumen Research rates the iShares MSCI Global Silver and Metals Miners ETF (SLVP) as Buy, citing strong earnings leverage to rising silver prices and robust margins in Q2. In contrast, the Kurv Silver Enhanced Income ETF (KSLV) is rated Hold because i...
Trainline PLC shares rose nearly 10% after announcing a £100 million share buyback and reporting adjusted EBITDA margins slightly above guidance. Group net ticket sales were flat at £3.3 billion, and revenue was down 1%, both better than expected. Sh...
Raydium's token (RAY) surged 90% this week to $1.75, its highest price since October 2025, outperforming most cryptocurrencies despite a broader market decline. The rally was driven by three main catalysts: StonkFun moving all new token launches to R...
The State Street SPDR NYSE Technology ETF (XNTK) is rated Buy due to its balanced, equal-weighted structure that allows top performers to grow while reducing concentration risk. It offers better risk-adjusted returns compared to the XLK ETF, which is...
