Noontime News Recap: Japan quake death toll rises as Europe wildfire risk and Asia tech shares slide
Japan is in a second day of rescue work after a magnitude 7.1 earthquake hit southern Japan and killed at least 13 people, with emergency crews searching rubble in the Kumamoto area of Kyushu and assessing damage to homes and a mall. π πIn Europe, France and Spain are battling intensifying wildfires as evacuations rise and officials warn that climate adaptation needs to accelerate, with a new heatwave set to push temperatures into the high 30s and low 40s Celsius and raise the risk of further blazes. π πThe Russia, Ukraine war continued to spread damage overnight, with Russian authorities... [Continue Reading]
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Asian chip stocks plunge after SK Hynix results disappoint
Shares in Asian chip and artificial intelligence-linked companies fell sharply on Wednesday after SK Hynix reported results that missed investor expectations. The sell-off pushed South Korea's Kospi index lower for a second straight day, with the benchmark sliding by as much as 12.6% at one point. The move also weighed on Samsung Electronics and other semiconductor names, extending a broader rout in the region's technology shares.SK Hynix said it had posted record second-quarter profits, but the figures still fell short of what investors had been looking for. Its shares dropped by as much as 16% after the announcement, according to... [Continue Reading]

