{"id":64568,"date":"2026-07-10T10:38:14","date_gmt":"2026-07-10T14:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/sk-hynix-debuts-on-nasdaq-amid-global-tech-shift-emerging-markets-face-record-outflows\/64568\/"},"modified":"2026-07-10T10:38:14","modified_gmt":"2026-07-10T14:38:14","slug":"sk-hynix-debuts-on-nasdaq-amid-global-tech-shift-emerging-markets-face-record-outflows","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/sk-hynix-debuts-on-nasdaq-amid-global-tech-shift-emerging-markets-face-record-outflows\/64568\/","title":{"rendered":"SK Hynix Debuts on Nasdaq Amid Global Tech Shift; Emerging Markets Face Record Outflows"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SK Hynix (<a href=\"\/stock\/SKHY\">SKHY<\/a>)<\/strong> raised <strong>$26.5 billion<\/strong> in a record-breaking Nasdaq listing, with Chairman Chey Tae-won signaling openness to building semiconductor plants on <strong>U.S. soil<\/strong> following pressure from the Trump administration.<\/li>\n<li><strong>Emerging markets<\/strong> experienced a massive <strong>$46.1 billion<\/strong> equity exodus in June, led by record withdrawals of <strong>$30.5 billion<\/strong> from South Korean stocks\u2014the highest in 26 years.<\/li>\n<li><strong>Delta Air Lines (<a href=\"\/stock\/DAL\">DAL<\/a>)<\/strong> expects to receive <strong>$9 billion<\/strong> from its <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> partnership this year as premium cardholder spending continues to grow at double-digit rates.<\/li>\n<li><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> shares surged over <strong>7%<\/strong> to session highs following reports of significant cost efficiencies in its AI infrastructure and the upcoming production of its custom <strong>&quot;Iris&quot; AI chip<\/strong>.<\/li>\n<li>The <strong>21st Century ROAD to Housing Act<\/strong> is set to become law without President Trump\u2019s signature, as he opted not to sign the bill in protest of stalled voter ID legislation.<\/li>\n<\/ul>\n<h2>SK Hynix Makes Historic Nasdaq Debut<\/h2>\n<p>South Korean chip giant <strong>SK Hynix (<a href=\"\/stock\/SKHY\">SKHY<\/a>)<\/strong> successfully executed a <strong>$26.5 billion<\/strong> listing on the Nasdaq on Friday, marking the largest-ever U.S. debut by a foreign company. Following the bell-ringing ceremony, SK Group Chairman <strong>Chey Tae-won<\/strong> stated the company is &quot;open to more investments&quot; in the United States, including the potential construction of memory chip fabrication plants. These comments follow public calls from U.S. officials for Korean firms to bolster domestic manufacturing to secure the global AI supply chain.<\/p>\n<h2>Record Capital Flight from Emerging Markets<\/h2>\n<p>Data from the <strong>Institute of International Finance (IIF)<\/strong> revealed a staggering <strong>$46.1 billion<\/strong> retreat from emerging market equities in June. <strong>South Korea<\/strong> bore the brunt of this shift, with non-resident investors withdrawing <strong>$30.5 billion<\/strong>, the largest single-month outflow in over two decades. The IIF attributed this &quot;equity exodus&quot; to a combination of hawkish <strong>Federal Reserve<\/strong> policies under new leadership and increased volatility in the energy sector, which has tightened global dollar liquidity.<\/p>\n<h2>Delta and Meta Lead Corporate Momentum<\/h2>\n<p><strong>Delta Air Lines (<a href=\"\/stock\/DAL\">DAL<\/a>)<\/strong> CEO Ed Bastian reported robust demand, particularly among premium travelers, projecting <strong>$9 billion<\/strong> in remuneration from <strong>American Express (<a href=\"\/stock\/AXP\">AXP<\/a>)<\/strong> for 2026. The airline has seen seven consecutive quarters of double-digit growth in co-branded credit card expenditures. Meanwhile, <strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> saw its stock climb <strong>7.3%<\/strong> as analysts at <strong>BofA Securities<\/strong> highlighted that the company&#39;s AI infrastructure costs\u2014estimated at <strong>$22 billion per gigawatt<\/strong>\u2014are significantly lower than previous Wall Street projections.<\/p>\n<h2>Legislative Developments in U.S. and Germany<\/h2>\n<p>In Washington, the <strong>21st Century ROAD to Housing Act<\/strong>\u2014a bipartisan effort to address housing affordability\u2014will become law at midnight Friday despite President Trump\u2019s refusal to sign it. The President is allowing the measure to pass without his signature to protest the Senate&#39;s failure to approve the <strong>SAVE America Act<\/strong>. Separately, in Europe, Germany\u2019s <strong>Bundesrat<\/strong> approved a major healthcare reform bill aimed at saving <strong>\u20ac16.3 billion ($18.6 billion)<\/strong>, clearing the final legislative hurdle for Chancellor Friedrich Merz\u2019s economic revitalization package.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SK Hynix (SKHY) raised $26.5 billion in a record-breaking Nasdaq listing, with Chairman Chey Tae-won signaling openness to 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