Zhipu Surges, SK Hynix Rises, Tokyo Electron Gains
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Shares in Chinese artificial-intelligence model maker Zhipu surged as much as 22% in Hong Kong after the company priced a $4 billion share sale at the low end of the marketed range.- Korean stocks rose earlier as SK Hynix’s US offering being oversubscribed boosted sentiment. - Japanese stocks advanced as a rally in US chipmakers boosted tech shares, eclipsing anxiety over escalating Middle East tensions. Tokyo Electron shares rose as much as 6.2%.See omnystudio.com/listener for privacy information.
The skinny
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