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Chip-stock rout in Asia: Samsung and SK Hynix plunge as Broadcom chief warns of an AI 'casino'

Chip-stock rout in Asia: Samsung and SK Hynix plunge as Broadcom chief warns of an AI 'casino'

Asian chip stocks plunged as the AI-driven rally shows cracks. South Koreas KOSPI fell about 7% intraday while Samsung and SK Hynix dropped over 8%....

3 min read•8 hours ago

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Taiwan stocks fall as Taiwan Weighted drops 1.31% at close

Taiwan stocks fall as Taiwan Weighted drops 1.31% at close

Taiwans benchmark fell 1.31% to 45,257.64, driven by losses in technology-related names and weakness in the Glass and Electricity sectors. Advancers included...

2 min read•1 month ago

Singapore sharply raises 2026 growth forecast, cites AI-driven boost and resilient external environment

Singapore sharply raises 2026 growth forecast, cites AI-driven boost and resilient external environment

Singapores Ministry of Trade and Industry raised its 2026 GDP forecast to 4.5%5.5%, citing a stronger-than-expected first half, revised Q2 growth of 5.9%, and...

2 min read•2 months ago

China's Industrial Profit Growth Slows in June as Falling Oil Prices Cut Into Gains

China's Industrial Profit Growth Slows in June as Falling Oil Prices Cut Into Gains

China's industrial profits expanded 15.1% year on year in June but slowed for a second month as falling oil and energy prices reduced the price-driven gains...

3 min read•2 months ago

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Hyundai to Invest $15.5 Billion in India Through 2032, Calling Market 'Strategic'

Hyundai to Invest $15.5 Billion in India Through 2032, Calling Market 'Strategic'

Hyundai Motor Group will invest $15.5 billion in India from 20262032, funding manufacturing, R&D, supplier development and future technologies. The...

2 min read•1 day ago

LVMH Sales Fall Short of Forecasts as Chinese Luxury Demand Weakens

LVMH Sales Fall Short of Forecasts as Chinese Luxury Demand Weakens

LVMH reported Q3 revenue of €18.5 billion, up 1.2% year-on-year, but organic growth slowed to 1% as weaker demand in China hit its fashion and...

3 min read•2 days ago

HKEX CEO: Hong Kong IPO boom is broadening beyond tech as fundraising tops $40 billion

HKEX CEO: Hong Kong IPO boom is broadening beyond tech as fundraising tops $40 billion

HKEX CEO Bonnie Chan says Hong Kongs IPO boom is expanding beyond AI and tech as more than 100 listings have raised over $40 billion year-to-date,...

3 min read•1 month ago

Asian chip stocks show mixed gains after Nvidia outlook underlines AI-driven memory demand

Asian chip stocks show mixed gains after Nvidia outlook underlines AI-driven memory demand

4 min read•1 month ago

Why Alibaba Becomes More Interesting Below $120

Why Alibaba Becomes More Interesting Below $120

2 min read•1 month ago

Flight Centre (FGETF) Reports FY2026: Three Strong Quarters Followed by Disruption in Q4

Flight Centre (FGETF) Reports FY2026: Three Strong Quarters Followed by Disruption in Q4

Flight Centre (FGETF) presented FY2026 results on August 25, 2026, describing a year of three strong quarters followed by a materially disrupted Q4....

3 min read•1 month ago

Takaichi s food-tax cut aims to boost growth but will raise Japan s interest bill

Takaichi s food-tax cut aims to boost growth but will raise Japan s interest bill

Prime Minister Sanae Takaichi proposes cutting Japans food consumption tax from 8% to 1% for two years starting April 2027, reducing revenue by about...

4 min read•2 months ago

China s Purchases Fall Short: Trump s Golden Age Turns into a Billion Dollar Disaster for U.S. Farmers

China s Purchases Fall Short: Trump s Golden Age Turns into a Billion Dollar Disaster for U.S. Farmers

Chinas recent soybean purchases from the U.S. are far smaller than political commitments suggested. Although state buyers like Sinograin have placed...

4 min read•2 months ago

Luxury stocks rally after Richemont sales beat, but analysts say China must recover for a sustained rebound

Luxury stocks rally after Richemont sales beat, but analysts say China must recover for a sustained rebound

3 min read•3 months ago

Beijing s Currency Push: Is Africa the Dollar s Weak Spot as China Secures Commodities?

Beijing s Currency Push: Is Africa the Dollar s Weak Spot as China Secures Commodities?

China is expanding the yuans role in Africa by enabling banks to process renminbi payments, a move that could dent dollar dominance and give Beijing...

3 min read•3 months ago

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UMC begins mass production of silicon photonics wafers in Singapore as Citi turns positive

UMC begins mass production of silicon photonics wafers in Singapore as Citi turns positive

3 min read•3 months ago