South Korea's largest brokerage gets zero SpaceX IPO allocation among 23 underwriters, apologizes to clients as local regulators inspect its practices
SpaceX's record-breaking IPO left South Korea's biggest brokerage as the only one of 23 underwriters to receive no stock allocation, forcing it to apologize to clients and face inspection of its practices by local regulators.
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South Korean won closes at 1,549.4 to the dollar, lowest since March 2009, as currency pressure deepens amid global dollar strength.
South Korea's won closed onshore trade at 1,549.4 against the dollar, its lowest close since March 2009.
Yen falls to 40-year low against the dollar as traders watch for potential FX intervention, WSJ reports. Currency slide puts focus on whether Japanese authorities will step in to support the yen.
The Japanese yen fell to a 40-year low against the US dollar, with traders alert for potential foreign exchange intervention, the Wall Street Journal reports.
SK Hynix applies to file for Nasdaq IPO, moving to list shares on the U.S. exchange.
SK Hynix applies to file for Nasdaq IPO.
SK Hynix said to file for NASDAQ listing, potentially giving the South Korean memory-chip giant a US market presence amid surging AI-driven semiconductor demand.
SK Hynix is said to have filed for a NASDAQ listing.
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