Asia Records Biggest Month for Share Sales as SK Hynix Leads Surge
Asia recorded its largest month ever for share sales, led by SK Hynix’s blockbuster U.S. listing and continued investor demand for AI-related companies.
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Asia recorded its largest month ever for share sales, led by SK Hynix’s blockbuster U.S. listing and continued investor demand for AI-related companies.
Allianz will acquire HSBC’s Singapore life and health insurance business for $2.09 billion, strengthening its presence in Asia while allowing HSBC to focus on higher-return banking operations.
Asian stock markets suffered a sharp selloff as Taiwan, South Korea, and Japan erased more than $300 billion in combined market value during a broad regional decline.
The precious metals market suffered an unprecedented selloff as gold and silver lost more than $10 trillion in market value in a single day. Extreme volatility pushed gold below $4,400 per ounce and forced Thailand to temporarily halt gold futures trading.
Nvidia is preparing to scale back production of its GeForce RTX 50 graphics cards as surging memory and storage prices dampen consumer upgrade demand, particularly in key Asian markets.
Goldman Sachs says China’s yuan is roughly 25% undervalued on a trade-weighted basis and is likely to appreciate more than current 2026 forward pricing suggests.
Gold prices remain elevated after a robust run this year, yet officials at the Bangko Sentral ng Pilipinas (BSP) say their own heavy holdings may justify profit-taking, even as global central-bank buying supports the metal.