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South Korea's Kospi index surges more than 16%, powered by a broad chipmaking stock rally

South Korea's Kospi stock index surged more than 16% in a single session, driven by a sharp rally in chipmaking stocks.

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Apple reports record $109.4B June-quarter revenue, up 16% year-on-year. CEO Tim Cook says it is the company's strongest June quarter ever.

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The Bank of Japan decided by majority vote Friday to hold its benchmark interest rate steady at 1 percent following a two-day board meeting. The rate remains at its highest level since 1995, last raised from 0.75 percent in June after the BOJ's March 2024 exit from negative rates.

China's manufacturing PMI fell to 49.2 in July, down 1.1 percentage points from June, official data showed Friday.

China's manufacturing purchasing managers' index stood at 49.2 in July, down 1.1 percentage points from June, according to official data reported Friday from Beijing.

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