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The CEO of the Korea Exchange stated that they are working to launch leveraged ETFs linked to South Korean chipmaker stocks overseas, such as in Hong Kong and London.June 22 – South Koreas exports remained strong in early June, thanks to the continued boom in the semiconductor industry. According to data released by the Korea Customs Service on Monday, exports in the first 20 days of June increased by 49.7% year-on-year after adjusting for working day differences, compared to a 52.6% increase in the same period in May. On an unadjusted basis, exports increased by 60.4% year-on-year, while imports increased by 23.2%, resulting in a trade surplus of $17.5 billion. Chip exports once again led the growth, increasing by 188.4% year-on-year; computer-related product exports increased by 293.3%; and petroleum product exports benefited from rising energy prices. The data shows that external demand remains strong, driven by rapid growth in investment related to artificial intelligence and data centers. It also further indicates that semiconductors remain a major driver of South Koreas economic growth, helping to offset weakness in other economic sectors. Policymakers are assessing the impact of the long-term boom in the semiconductor industry, which not only supports economic growth but also boosts tax revenue and asset prices.ECB Governing Council member Eskeriva: We need to pay attention to the secondary effects of wages.June 22 - According to China Railway Shanghai Group Co., Ltd., during this years Dragon Boat Festival holiday (June 19-21), the Yangtze River Delta railway transported 10.11 million passengers, with an average daily transport of 3.37 million passengers, representing a year-on-year increase of 28.8%. Among them, on June 19, the Dragon Boat Festival, 4.031 million passengers were transported, setting a new record for the highest single-day passenger volume for the Shanghai Railway Group during the Dragon Boat Festival holiday.June 22nd - According to the latest data from Omdia, in the first quarter of 2026, the PC and tablet markets in mainland China declined by 2% and 5% year-on-year, respectively. Specifically, total PC shipments fell to 8.9 million units, and tablet shipments fell to 8.3 million units. In terms of product categories, laptop (including mobile workstations) shipments declined by 19% year-on-year, while desktop PC (including desktop workstations) shipments increased by 41% year-on-year, reaching 5.3 million and 3.6 million units, respectively.

Why Shares of Torrid Holdings Are Falling After the Market Closes?

Skylar Williams

Sep 08, 2022 11:18

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After-hours trading on Wednesday is negative for Torrid Holdings Inc (NYSE: CURV) following the release of mixed financial results and below-consensus projections.


Benzinga Pro reports that Torrid Holdings' second-quarter revenue increased 2% year-over-year to $340.9 million, above the average analyst forecast of $370.7 million. Quarterly earnings of 22 cents per share were below the average analyst projection of 24 cents per share.


"In preparation for the second part of the year, our team made great progress on our priorities, including clearing out excess inventory and filling important leadership roles. Despite unanticipated headwinds caused by distribution platform changes throughout the quarter, we are now fully operational and producing higher throughput and capacity "The CEO of Torrid Holdings, Lisa Harper, noted.


Torrid predicts third-quarter revenue between $290 million and $305 million, compared to the consensus estimate of $306.8 million. As opposed to the consensus estimate of $1.31 billion, the company predicts yearly revenue of between $1.26 billion and $1.3 billion.


Torrid is a North American direct-to-consumer brand that distributes apparel, intimates, and accessories to women aged 25 to 40.


Why American Eagle Shares Are Falling After Hours: This is a retailing era without precedent.


The 52-week high for Torrid is $11.29 and the 52-week low is $3.70.


At the time of publication, the stock was trading at $4.65, down 13.41% in after-hours trading.