Schwab Network Wednesday's Final Takeaways: South Korea ETF Near Highs & COIN Lawsuit
Apr 22, 2026
Market movers include South Korea stocks and an ETF hitting fresh highs, driven by semiconductor strength at Samsung and SK Hynix. A major U.S. crypto exchange faces a high-profile lawsuit from New York over prediction markets. Google unveils a new AI chip, and SpaceX makes a strategic software acquisition that raises IPO timing questions. Upcoming earnings for airlines, Intel, and defense names are highlighted.
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NY Sues Coinbase And Gemini Over Prediction Markets
- New York sued Coinbase and Gemini claiming prediction markets are illegal gambling that target young users without proper guardrails.
- Coinbase says the platforms are federally regulated derivatives exchanges under CFTC jurisdiction.
Google's TPU v6 Targets Nvidia With Specialized Chips
- Google launched TPU v6 chips splitting training and inference for the first time to power trillion-parameter Gemini models.
- Google claims 40% better price performance and is pushing vertical integration to lower hyperscaler AI compute costs.
South Korea ETF Rally Driven By Memory Names
- South Korea ETF EWY surged after the KOSPI hit another record, drawing strong foreign investor appetite.
- EWY benefited from giants like Samsung and SK Hynix and resilience in energy imports, keeping Korea's market robust.