is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.


  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

CrowdStrike rallies to record on cybersecurity company's inclusion in S&P 500

CrowdStrike shares jumped 7% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm Comerica.

S&P Dow Jones Indices said in a statement late Friday that CrowdStrike was being added to the benchmark index, along with global investment firm KKR and web domain seller GoDaddy, which are taking the place of Robert Half and Illumina, respectively. The changes will go into effect June 24.

Shares of companies added to the benchmark often rally after the announcement because fund managers who track the index regularly update their portfolios to mirror the additions. Evercore analysts said in a note to clients on Monday that its "trading desk expects indexers to buy ~30mn shares" in CrowdStrike.

Security ETFs gained on Monday, with the First Trust Nasdaq Cybersecurity ETF and Amplify Cybersecurity ETF — ticker symbol "HACK" — both climbing 1.5%.

CrowdStrike has been profitable in the five most recent quarters, meeting the requirement for inclusion in the S&P 500. With a market cap of over $90 billion, CrowdStrike has more than double the valuation of the median S&P 500 company.

"This incredible milestone is a testament to the hard work, dedication, and belief our team, customers, and partners have shown since our inception in 2011," CEO George Kurtz said in a LinkedIn post over the weekend.

CrowdStrike's surge on Monday pushed the stock to a record close and brought its gains for the year to 46% after a 142% jump in 2023.

Earlier this month, CrowdStrike reported a 33% increase in revenue from a year earlier to $921 million.

WATCH: CrowdStrike CEO George Kurtz goes one-on-one with Jim Cramer