BUSINESS

Adidas has sued Australian fashion label White Fox, alleging clothing featuring four parallel stripes and related advertising could mislead consumers and trade on its trademark reputation.

Sunrise Energy Metals shares closed 11.05% lower at A$17.15, extending recent losses as investors weigh the proposed Nasdaq listing, conditional Syerston debt and project funding uncertainty.

South Korea's KOSPI fell 2.62% to 6,625.93 as foreign and institutional investors sold heavily, overshadowing Samsung Electronics' record third-quarter profit forecast.

West African Resources shares climbed 5.4% to A$3.69 on Friday without a company announcement, while the gold miner remained below its 52-week high and analyst target.

The ASX 200 gained 0.59% on Friday and finished the week 0.3% higher, despite pressure from elevated interest rates, oil prices, weak consumer sentiment and market uncertainty.

Yelp shares gained nearly 3% on Thursday, but remain sharply lower for the year as investors assess a new Amazon advertising partnership, slowing services growth, rising costs and paused buybacks.

GameStop shares extended a monthlong rally after CEO Ryan Cohen and four directors bought stock, despite an 18.7% decline in second-quarter revenue.

Microsoft has opened pre-orders for the $2,599 Surface Laptop Ultra, a high-end 15-inch Windows laptop powered by Nvidia's RTX Spark chip and aimed at creative professionals, developers and AI researchers.

Sasol shares rose 5.4% to R253.35 as higher oil prices linked to Strait of Hormuz shipping strikes supported the fuel producer, while broader Johannesburg markets fell.

Intel shares fell 3.21% after reports that Elon Musk's Terafab project is discussing a dedicated fab with TSMC, raising fresh doubts about Intel's foundry ambitions ahead of earnings.

Haemonetics shares rose more than 15% after CSL Plasma said it expects to install the company's plasma collection systems at all its US centres by the end of 2027.

Learn how social casinos in the US are shaped by mobile access, virtual coins, rewards, events, platform trust, and clear user experience.

South Korea's KOSPI has outperformed Japan's Nikkei 225 amid the AI and semiconductor boom, but its sharper volatility contrasts with Japan's broader market exposure and steadier performance.

Jeff Bezos says Blue Origin could become a public company in several years after raising $10 billion from outside investors, as it competes with SpaceX and expands its operations.

The KOSPI fell 2.62% to 6,625.93 as foreign and institutional investors sold heavily, overshadowing Samsung Electronics' record third-quarter profit forecast and broader concerns about yields and inflation.

Electro Optic Systems shares fell nearly 10% as investors took profits after a strong rally, despite new US counter-drone production plans and an existing A$846 million backlog.

The S&P/ASX 200 fell 0.67% to 8,669.3, dragged down by miners and a sharp decline in Maas Group shares amid concerns over a potential Firmus Technologies float repricing.

Lottery Corporation shares rose nearly 3 per cent after CFO Adam Newman announced he would leave in July 2027, giving the company time to appoint a successor.

Maas Group shares fell 23% after reports of soft global demand for Firmus Technologies' upcoming float, raising concerns about the value of Maas's 3.2% stake.

Tasmania's economic growth is forecast to slow from 2.6% in FY26 to 0.8% in 2026–27, with household pressures, high interest rates and fiscal restraint weighing on activity.

Tim Cook sold $63.8 million of Apple shares after restricted stock units vested, with the transaction conducted under a pre-arranged trading plan filed before he became executive chair.

Coinbase shares fell more than 3% as bitcoin dropped below US$83,000, triggering about US$696 million in liquidations and weighing on cryptocurrency-linked stocks amid wider market pressure.

Intel shares rose after CEO Lip-Bu Tan said the company remains involved in Elon Musk's planned Terafab chip complex, easing concerns about TSMC's potential role.

SanDisk shares rebounded nearly 3% as investors focused on strong AI data-centre demand, soaring NAND prices and the company's upcoming fiscal 2027 first-quarter results.

Penguin Solutions shares rose 16% after fourth-quarter revenue and adjusted earnings beat estimates, with record memory sales and a fiscal 2027 outlook above Wall Street expectations.

India's Nifty 50 fell 0.83% after the Reserve Bank raised its repo rate to 5.5%, while elevated oil prices and continued foreign investor outflows pressured equities.

Japan's Nikkei 225 fell 0.92% after surpassing 70,000, as investors took profits and rising oil prices, bond yields and interest-rate uncertainty pressured shares.

South Korean stocks fell for a second session as foreign selling and concerns about high bond yields outweighed record US sharemarket gains ahead of Samsung Electronics' results.

Nvidia, Tesla and SK Hynix are entering the final stretch of 2026 with contrasting growth prospects, valuations and risks as investors assess the durability of the AI boom.