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On January 13th, HSBC analyst Ricky Seo noted in a report that SK Hynixs fourth-quarter operating profit is expected to surge 57% quarter-on-quarter to a record 18 trillion won, with DRAM and NAND chip prices likely rising by 25% and 20% respectively. He analyzed that the weakening of the Korean won against the US dollar may also have boosted its fourth-quarter earnings. As a supplier of Nvidias HBM products, SK Hynix is expected to continue to benefit from robust shipments. The current surge in AI investment, coupled with strong demand for general-purpose DRAM during the memory chip supercycle, provides double support for the company.January 13th - Omni Health recently officially released its next-generation AI wearable product portfolio, including the Omni Health Ring Pro, which focuses on long-term vital sign monitoring, and the Omni Health Pin, an automated nutrition tracking terminal based on AI vision technology. The Ring Pro is currently available for mass sales globally, while the Omni Health Pin is scheduled for launch in 2026.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichi stated that she intends to dissolve the House of Representatives at the start of the parliamentary session scheduled to begin on January 23.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichi has conveyed her intention to dissolve parliament to senior members of the ruling party.January 13th - According to the latest data from the China Bus Statistics Information Network, in 2025, BYD once again won the annual championship with outstanding achievements of exporting 4,234 new energy buses, a year-on-year increase of 18.2%, and a market share of 24%. It is the only company that exports more than 4,200 new energy buses, and BYD has maintained its top position on the list for three consecutive years.

The Israeli Stock Market Ended Lower, With The TA 35 Index Declining 0.26 Percent

Charlie Brooks

Dec 12, 2022 10:18

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The Israeli stock market declined on Sunday evening, with losses in the Biomed, Real Estate, and Technology sectors leading the slide.


At the market's close in Tel Aviv, the TA 35 fell 0.26 percent.


Energean Oil & Gas PLC (TASE:ENOG) had the best performance on the TA 35 during the session, rising 5.47 percent, or 292.00 points, to end at 5,629.00. Electra Ltd (TASE:ELTR) closed at $191,750.00, up 1.70 percent or 3,200.00 points, while Tower Semiconductor Ltd (TASE:TSEM) closed at $15,700.00, up 2.21 percent of 340.00 points.


Shikun & Binui (TASE:SKBN) had the worst performance throughout the session, down 4.51%, or 56.00 points, to close at 1,185.00. OPKO Health Inc (TASE:OPK) was down 3.99%, or 18.90 points, at 454, while Ormat Technologies (TASE:ORA) was down 2.84%, or 880.00 points, to 30,070.00.


On the Tel Aviv Stock Exchange, decreasing stocks outnumbered advancing ones by a ratio of 328 to 132, with 45 stocks closing unchanged.


Shikun & Binui (TASE:SKBN) shares fell 4.51%, or 56.00, to 1,185.00, marking a 52-week low. OPKO Health Inc (TASE:OPK) shares fell 3.99%, or 18.90, to $454, a 52-week low.


The price of a barrel of crude oil for delivery in January rose by 0.12%, or $0.13, to $71.59 a barrel. Brent oil for February delivery rose 0.68 percent, or $0.67, to $76.82 per barrel, whilst the February Gold Futures contract rose 0.44 percent, or $7.90, to $1,804.40 per troy ounce.


The USD/ILS exchange rate stayed stable at 3.43, while the EUR/ILS exchange rate remained unchanged at 3.61.


US Dollar Index Futures were steady by 0.00% at 104.48.