BUSINESS

South Korea's KOSPI fell 3.26% for a third consecutive session, dragged lower by technology stocks as AI spending concerns, rising oil prices and US rate expectations weighed on investors.

Domino's Australia has unveiled a new crave-focused brand platform, a 16-inch New Yorker pizza range, a Coca-Cola partnership and Sydney promotional events.

Tether's USDT led global cryptocurrency trading volume at about $3.76 trillion over 30 days, followed by Bitcoin, USDC, Ethereum and Solana, according to CoinMarketCap.

Charter Hall shares rose 3.81% to $18.81 as Australian equities recovered, while investors weighed strong earnings growth against higher rates and ongoing pressure on property trusts.

Amazon is lifting 2026 capital expenditure to about $220 billion as AWS growth accelerates, placing Andy Jassy's AI infrastructure strategy at the centre of the company's next growth test.

Hyundai Motor Group has invested in Commonwealth Fusion Systems' latest funding round and will explore engineering cooperation as the company advances its planned ARC fusion plants.

Cleanaway shares rose after EQT Infrastructure confirmed its takeover proposal remained intact following due diligence, although negotiations continue and no binding agreement has yet been reached.

Lovisa shares gained 4.8% as investors rotated into recently sold-off growth stocks, while strong sales and profit growth supported the retailer ahead of its ex-dividend date.

The ASX 200 recovered modestly after last week's sharp fall as lower oil prices and Wall Street gains lifted sentiment, though rate concerns continued to weigh.

Sunrise Energy Metals shares fell 12.6% on the ASX as investors took profits after a dramatic rally, while the company remains pre-revenue and awaits financing milestones for Syerston.

Little Tikes is launching its Cloud Collection, a range of seven best-selling toys in neutral tones, including a white Cozy Coupe available for Amazon pre-order.

Tesla says it will unveil the long-delayed second-generation Roadster on 1 October in Waco, Texas, though production specifications, pricing and delivery timing remain uncertain.

Navy Federal members reported difficulty accessing the mobile app and online banking on Friday morning, but the credit union had not confirmed a companywide outage or identified its cause.

HDFC Bank shares recovered after hitting a 52-week low, but investors remain focused on CEO Sashidhar Jagdishan's departure, slower growth, deposit trends and margin pressure.

Apple shares rose after the iPhone Duo debut, yet analysts disagree on whether its strong margins and potential demand can offset limited volumes, memory costs and valuation concerns.

Woori Financial's US-listed shares rose 6.54% in early trading even as South Korea's KOSPI fell sharply, highlighting a divergence amid market volatility, strong earnings and geopolitical concerns.

Malone Lam, 22, pleaded guilty to racketeering conspiracy over the theft of more than $245 million in bitcoin, which prosecutors say funded luxury cars, nightlife and travel.

The FTSE 100 rose 0.36% late Friday after five consecutive losses, but analysts said elevated oil prices, bond yields and technical weakness continued to limit recovery prospects.

LG Electronics has denied claims that its smart TVs record household conversations in standby mode, while researchers allege the sets captured audio, mapped networks and sent data to LG Ad Solutions.

Elon Musk has threatened legal action against Alex Gibney over a critical documentary, disputing claims about Starlink and denouncing the film before its scheduled US theatrical release.

Paladin Energy shares fell 9.5% after brokers lowered production forecasts for its Namibian mine and warned that developing its Canadian project could require a major capital raise.

Frontier Communications customers reported internet outages early Friday, marking the second disruption reported this week as Downdetector recorded a surge in complaints and Frontier had yet to explain the cause.

Capstone Copper shares fell 8.6% amid a broad mining-sector sell-off, despite second-quarter revenue exceeding estimates and continued positive analyst sentiment towards the copper producer.

Develop Global shares fell 10.06% to $4.83 amid broader ASX weakness, despite strong year-to-date gains and upcoming decisions on its Pioneer Dome lithium project.

Insurance Australia Group shares gained 3.14% as Australian financial stocks rebounded, while investors assessed the insurer's earnings, dividend outlook, RACQ acquisition and sector prospects.

The ASX 200 fell 0.75% on Friday for its fourth straight decline as surging oil prices, higher bond yields and Middle East tensions unsettled investors.

SolarWinds acknowledged an ongoing Service Desk incident affecting North American users after Downdetector recorded a surge in reports, with the company investigating elevated 500 errors and offering no resolution timeline.

Apple introduces the iPhone Duo, its first foldable phone, priced at $1,999. It features a unique design and competes with Samsung and Google's foldables in terms of size, weight, and functionality.

BARCELONA, Spain — People with asthma who started semaglutide, the drug sold as Ozempic and Wegovy, had nearly 40% fewer attacks than similar patients on older diabetes pills, researchers told a European lung meeting this week.