SK Hynix Tumbles, Braiin Jumps, Valero hits Record High
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- An AI-fueled stock rout in South Korea spilled over into the US market Monday, as SK Hynix (SKHY) American depositary shares fell as much as 9.9%. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and triggering a market-wide trading suspension.
- Braiin Limited shares are trading higher after the company announced the launch of ARIA, an AI-native workforce designed for the real estate sector. ARIA aims to enhance property management and customer engagement through intelligent automation, targeting the global real estate software market valued at approximately $32 billion.
- Oil prices jumped on Monday as President Donald Trump said the U.S. will reimpose a blockade on Iranian ports and provide other countries safe passage ----for a fee ---- through the Strait of Hormuz. Energy companies such as Valero Energy Corp., Phillips 66 and Marathon Petroleum Corp. were among 15 stocks in the S&P 500 that set a record high in today’s session.
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