3 Hours AgoShares of Japan’s Canon Electronics plunge after Area One rocket explodesCanon Electronics shares fell as a lot as 12.7% after Tokyo-based Area One’s rocket exploded simply moments into its inaugural launch.Cannon is a part of a bunch of firms that based Area One in 2018.The solid-fueled Kairos rocket exploded inside seconds of lifting off at 11:01 a.m. Japan time, Reuters reported. A profitable mission would have made Area One the primary Japanese firm to place a satellite tv for pc in orbit.IHI Aerospace, building agency Shimizu and government-owned Improvement Financial institution of Japan are the opposite firms that helped arrange Area One. Mitsubishi UFJ and Mizuho Monetary Group, two of Japan’s largest banks, additionally personal minority stakes in Area One. Learn the total story right here.— Shreyashi Sanyal7 Hours AgoSouth Korea’s unemployment charge at 2.6% in February South Korea’s unemployment charge got here in at a seasonally adjusted charge of two.6% yr over yr in February, in line with official knowledge.The studying was barely decrease than January’s unemployment charge at 3%. It was additionally the bottom since October 2023.Shares in South Korea had been barely larger, with the Kospi up 0.5%.— Shreyashi Sanyal8 Hours AgoIndia’s inflation slows marginally in February, however tops estimates India’s inflation in February inched down to five.09% from 5.10% in January.Nevertheless, this determine was larger than the 5.02% anticipated by economists in a Reuters ballot.Information from India’s Nationwide Statistical Workplace revealed that meals and drinks led value development in February, recording an inflation charge of seven.76%.— Lim Hui Jie10 Hours AgoState of the S&P 500 sectors with the index at document highsThe S&P 500 posted its seventeenth document shut of the yr on Tuesday. This is how the market regarded underneath the floor:Seven of 11 sectors had been optimistic on TuesdayTech was the very best performing sector, gaining 2.5percentUtilities was the worst sector, falling practically 1%.All sectors are inside 10% of their 52-week highs.All sectors are at present above each their 50-day and 200-day shifting averages.— Jesse Pound, Christopher Hayes11 Hours AgoFutures open little changedTraders work on the ground throughout morning buying and selling on the New York Inventory Alternate (NYSE) on March 06, 2024 in New York Metropolis. Spencer Platt | Getty ImagesFutures for the S&P 500, Dow and Nasdaq 100 had been all inside 0.1% of the flat line when buying and selling reopened at 6 p.m.— Jesse Pound11 Hours AgoCoinbase falls after asserting debt offeringShares of Coinbase fell greater than 2% in prolonged buying and selling after after the crypto trade introduced a $1 billion convertible be aware providing. Coinbase mentioned within the launch that it’s going to use the proceeds to repay its excellent debt or for basic company functions. Coinbase inventory has surged this yr with bitcoin reaching document highs. Shares of the corporate are up greater than 40% yr so far.— Jesse Pound