SK Hynix options begin trading. But another group of stocks is stealing its thunder

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SK Hynix options debuted Tuesday to less fanfare than one might have expected given the year-long rally in the stock and a 20%-plus surge on Tuesday alone. About 150,000 options traded in SK by midday Tuesday and while more calls traded than puts, the most popular directional trade by volume was selling calls, according to Cboe LiveVol data. Cboe offered five expiries: five monthly options that expire the third Friday of July, August, September, December and March 2027. While volume was higher than the 110,000 contracts traded on the VanEck Semiconductor fund (SMH) , and almost double the volume in Sandisk or Marvell , it's less than a third of the volume in the Roundhill memory ETF (DRAM) , or Micron , which traded about 380,000 contracts Tuesday. Nvidia traded about 2.3 million as of writing. SK Hynix U.S. shares One explanation for the lack of notable call-buying is that the surge in single-stock ETFs and leveraged funds with exposure to the South Korean chip sensation stole a ...

Singapore's economy expands 5.7% in the second quarter, beating expectations

Singapore's economy expanded 5.7% in the second quarter, topping market expectations, on the back of strong growth in the manufacturing sector. The growth figure was higher than the 5.5% expected by economists polled by Reuters, but lower than the revised 6.3% seen in the first quarter, according to a release from the country's Ministry of Trade and Industry . The goods sector expanded 10.4% from the 8.4% in the previous quarter, while growth in the services sector slowed to 4.6% from 6.2% in the first quarter. The advance GDP data comes as Singapore's central bank prepares to announce its quarterly monetary policy decision later this month. Instead of using interest rates, the city-state manages monetary policy by influencing the Singapore dollar's value against the currencies of its main trading partners within an undisclosed trading band, known as the Singapore dollar nominal effective exchange rate, or S$NEER. The Singapore dollar traded at 1.294 against the greenback, marginally weaker after the data release. The GDP data also comes as inflation in the city-state held steady at 1.8% in May, its joint-highest level since September 2024. The MAS said in its CPI release that global energy prices remain elevated compared to 2025, forecasting that full-year inflation at 1.5% 2.5%. In May, Singapore's Ministry of Trade and Industry projected that GDP growth for 2026 would come in at 2%-4%, "although downside risks have risen significantly as a result of the US-Israel-Iran conflict," it said.

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