Global Markets: S.Korean shares log best quarter in nearly 30 years on chipmaker rally

South Korean stocks celebrated their best quarter in almost three decades, driven by a phenomenal surge in chipmakers. The KOSPI index soared, with tech giants Samsung Electronics and SK Hynix posting impressive gains, fueled by a new government strategy for semiconductor and AI investments. Despite some volatility, the market’s performance highlights a strong investor focus…

Japan’s Nikkei clocks best quarter on record on tech rebound

Japan’s Nikkei share average surged on Tuesday, driven by a strong rebound in technology stocks. The benchmark index closed at 70,062.32, marking its sharpest quarterly gain in decades. Despite mixed market breadth, semiconductor and AI-related shares led the advance. This positive movement mirrored overnight rallies in U.S. markets, fueled by easing geopolitical tensions and renewed…

Fibe parent files draft papers with Sebi for IPO; aims to garner Rs 750-cr via fresh issue

Digital lending platform Fibe’s parent company, Social Worth Technologies, is set to launch an Initial Public Offering (IPO). The company aims to raise funds through a fresh issue of shares and an offer-for-sale by existing shareholders. Proceeds will bolster its subsidiary’s lending capital. Fibe, leveraging AI and data science, has seen significant growth in its…