SK Hynix ADR Debuts on Nasdaq as US-Iran Strikes Continue

Today, Bloomberg US Semiconductor Reporter Ian King on SK Hynix's tumble in the markets in only its second day of US trading. Then, Julie Biel from Kayne Anderson Rudnick breaks down how latest fighting between the US and Iran is impacting the markets, oil prices, and interest rates. Plus Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst for Antitrust, explains the state lawsuits levied against the Paramount-Warner Bros deal. And, EY Americans Vice Chair Mitch Berlin gives his midyear outlook for M&A and dealmaking. Finally, Rodger Crandall of MassMutual joins the show to discuss what he's seeing in the market and why he believes customers are "cautiously optimistic." (Source: Bloomberg)

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Global benchmark Brent earlier approached $80, before paring some of the increase. The US on Sunday struck dozens of targets to degrade Iran’s ability to attack international shipping through the waterway. Iran said the strait would be closed “until further notice,” though Western navies insisted it remained open. South Korea’s AI-fueled stock rally came under renewed pressure Monday as SK Hynix tumbled by a record 15%, underscoring growing investor concerns that the boom had become overstretched. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Tom Mackenzie. (Source: Bloomberg)

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, oil jumped after the US and Iran traded fresh strikes. US Central Command says dozens of targets were hit in one of the heaviest bombardments since an interim deal to end the war was signed in June. Tehran retaliated with attacks on US allies in the Persian Gulf and beyond. SK Hynix shares fell more than 13% in Seoul, after its highly-anticipated US trading debut. The slump drove the benchmark Kospi 8% lower, triggering a brief circuit-breaker suspension. In Taiwan, TSMC reported a 36% jump in quarterly sales, in a sign that global demand for AI hardware remains intact. Today's guest: Lale Akoner, eToro, Global Market Analyst. (Source: Bloomberg)

SK Hynix raises $26.5 billion in its ADR offering, the largest first-time US share sale by a foreign company. A US official says talks with Iran on a peace deal continue. Seema Shah of Principal Asset Management discusses Federal Reserve Chair Warsh naming leaders of the five task forces. Nadia Martin Wiggen of Svelland Capital looks at the volatile week in oil. (Source: Bloomberg)

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, SK Hynix is set to begin trading on the Nasdaq, with its debut confirmed as the biggest-ever US listing by a foreign company. The South Korean chipmaker raised $26.5 billion in its ADR offering. Bloomberg understands that talks between the US and Iran are continuing, despite two days of clashes that have threatened the fragile ceasefire. A US official has described the ongoing discussions as technical talks. And Japanese bonds and the yen were given a boost after Finance Minister Satsuki Katayama called for the nation's massive pension funds to increase their investments in domestic assets. (Source: Bloomberg)

Stocks rebound from a brief geopolitical risk-off spell and oil rally cools after the US and Iran trade airstrikes. SK Hynix's US listing is more than seven times oversubscribed, according to people familiar with the matter. Anna Rosenberg of Amundi Investment Institute discusses the fragile ceasefire between the US and Iran. Andrew Graham of Jackson Square Capital looks at the rebound in equities. (Source: Bloomberg)