Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Samsung Q2 Profit Seen Soaring as AI Memory Demand Keeps Chip Prices Elevated 
easyJet Agrees in Principle to £5.23 Billion Castlelake Takeover Offer 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Shinhan and Hana financial groups enjoyed better-than-expected earnings due to buying sprees by foreign investors last Wednesday.
Both South Korean financial groups each sold 30 billion won stocks to international investors.
Foreign investors also net purchased over 18.1 billion won worth of KB Financial shares.
Shares of Shinhan Financial Group jumped by over 10 percent to 30,550 won Wednesday from 27,150 won last Friday, while that for Hana's increased by nearly 20 percent to end at 27,600 won.
KB Financial Group's stock price jumped by 11.7 percent on Wednesday, closing at 34,750 won, which is a 1.76 percent increase from Friday.
Shinhan Financial Group posted the largest quarterly profit of 932 billion won, up 1.5 percent from the same period last year, to keep its leading status.
Meanwhile, due to a rise in income from non-banking and overseas, Hana Financial Group registered a 657 billion won net profit of in the first quarter, a 20.3 percent increase from the same period last year.
KB had a net profit of 729 billion won during the first quarter, which is a 13.7 percent dip from the same period last year. However, market analysts say the result was expected amid the virus-stricken market uncertainty.
Kim Ji-young, an analyst at Kyobo Securities, attributed the sound performances the economy's solid fundamentals and increase in loan demand, which countered a decrease of net interest margin (NIM) caused by a drop in key interest rates.
The financial groups are expected to continue exhibiting an upward trend in their stock prices due to the country's financial support policies and the improving COVID-19 situation.
