Today: 8 June 2026
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HKG:1919 16 January 2026 - 27 May 2026

Oil Slips With Fresh Iran Deal Hopes, Hormuz Watch Back in Focus

Oil Slips With Fresh Iran Deal Hopes, Hormuz Watch Back in Focus

Oil prices fell about 4% Wednesday after Iranian state TV reported a draft U.S.-Iran deal to reopen the Strait of Hormuz, sending Brent to $95.59 a barrel and U.S. crude to $88.91. The White House called the report “complete fabrication.” Shipping traffic through Hormuz remains far below pre-war levels. Indian airlines IndiGo and Air India are cutting domestic flights, citing high fuel costs.
Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

The Hang Seng Index closed down 0.29% in Hong Kong on Friday, pressured by losses in shipping, casino, and healthcare stocks. Ctrip shares plunged 19% the previous day after news of a China antitrust probe, rattling investors. Semiconductor stocks rose, with Hua Hong Semiconductor up 7.39%. Mainland investors sold about HK$600 million in Hong Kong shares via Stock Connect.

Stock Market Today

  • Bending Spoons Files for IPO with $1.31 Billion 2025 Revenue
    June 8, 2026, 3:51 PM EDT. Bending Spoons, the Milan-based tech company behind brands like Vimeo, AOL, and Eventbrite, has filed for an initial public offering (IPO). Known for its secretive operations, the company reported revenues of $1.31 billion in 2025. The move aims to unlock value in one of Europe's lesser-known tech conglomerates. Investors will watch closely as the company reveals more financial details ahead of its stock market debut.

Latest articles

Tesla Stock Bounces Over $400 After China Sales Beat—But There’s a Caveat

Tesla Stock Bounces Over $400 After China Sales Beat—But There’s a Caveat

8 June 2026
Tesla shares soared over 5% to $411.66 after a China sales report showed May retail sales up 22.5%, ending a two-month decline, and J.P. Morgan upgraded the stock, citing rising value from autonomy and software; the rally outpaced the Nasdaq as investors bet on Tesla’s China resilience and technology story despite a lofty price-to-earnings ratio of about 378.
Ondas Stock Comes Back Into the Spotlight After 13% Drop; Drone Trade Faces Fresh Challenge

Ondas Stock Comes Back Into the Spotlight After 13% Drop; Drone Trade Faces Fresh Challenge

8 June 2026
Ondas shares slipped 0.5% to $10.38 as investors weighed a new $4.8M U.S. Navy-linked balloon contract and $110M in Q2 orders against high short interest (31.33% of float), rising operating losses, and fresh stock-supply concerns after a June 3 filing revealed more Omnisys-related shares could hit the market, raising dilution risks despite surging revenue and backlog.
Archer Aviation Shares Bounce Back, FAA Timeline and Cash Burn in Focus

Archer Aviation Shares Bounce Back, FAA Timeline and Cash Burn in Focus

8 June 2026
Archer Aviation shares jumped 4.2% to $5.77 after last week’s 13.2% drop, as investors rotated back into growth and air-taxi stocks; the move follows Archer’s milestone as the first eVTOL developer to close Phase 3 of FAA certification, but heavy losses and high cash burn keep the stock highly sensitive to regulatory and financial risks.
Galaxy Digital spikes 24% as investors look at AI data center plans

Galaxy Digital spikes 24% as investors look at AI data center plans

8 June 2026
Galaxy Digital shares soared 23.6% to $31.07 after CEO Mike Novogratz said its West Texas AI data center—half of which is already leased—now represents more than half the company’s value, shifting focus from crypto to AI infrastructure; the stock’s surge outpaced bitcoin’s 2.7% rise as investors repriced Galaxy’s data-center business amid execution risks and strong analyst buy ratings.
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