Kospi Falls as Chip Selloff Spreads
Stocks fell as a selloff in chip stocks spread to South Korea, reviving concerns the rally in artificial intelligence shares may have gone too far. Bloomberg's Anthony Stephens reports.
Stocks fell as a selloff in chip stocks spread to South Korea, reviving concerns the rally in artificial intelligence shares may have gone too far. Bloomberg's Anthony Stephens reports.
MGX has raised $49 billion for one of the biggest ever funds dedicated to artificial intelligence deals, propelling the two-year-old Abu Dhabi firm into the ranks of the most consequential investors in the sector globally.
At the start of the regional war in February, Wall Street banks were grappling with the prospect of a protracted slowdown in the Middle East. Three months in, many firms are rushing to add bankers after local investors largely looked past the conflict and doubled down on dealmaking.
Oman India Fertiliser Co.'s initial public offering has drawn over $12 billion in orders, in the Middle East's largest listing since the outbreak of the regional conflict. The fertilizer producer is set to raise $678 million via the share sale, Laura Gardner Cuesta reports.
Tankmaker KNDS postponed its initial public offering, citing volatility in the European defense sector and saying shareholders informed the firm they want to resume the process when market conditions are better. Bloomberg's Charles Capel reports.
Stocks fell as a selloff in chip stocks spread to South Korea, reviving concerns the rally in artificial intelligence shares may have gone too far, too fast. Bloomberg's Avril Hong reports.
Angela Ang, APAC MD of BitGo, a digital asset infrastructure company, believes that shifts from retail speculation to institutional investors drive demand for secure custody and compliant infrastructure. Her comments come on the back of bitcoin falling to a fresh 21-month low. She speaks with Haslinda Amin on "Insight with Haslinda Amin."
US President Donald Trump said negotiators had made progress in indirect talks with Iran to move past last week's tit-for-tat strikes and convert their interim truce into a lasting peace. Bloomberg's Stuart Livingstone-Wallace has the latest updates.
Alex Yeh, Founder and CEO at GMI Cloud, discusses the company's business strategy and the outlook for the AI ecosystem. He speaks with Shery Ahn from the sidelines of the IVS2026 conference in Kyoto.
Takashi Sano, CIO at Mitsubishi UFJ Innovation Partners, discusses the investment opportunities in AI and the outlook for the innovation landscape. He speaks with Shery Ahn from the sidelines of the IVS2026 conference in Kyoto.
Clarey Zhu, Partner at Headline Growth, discusses the investment opportunities in Asia's tech sector, including AI infrastructure, deep tech and robotics. She speaks with Haidi Stroud-Watts from the sidelines of the IVS2026 conference in Kyoto.
Abbisko Therapeutics and AstraZeneca (NYSE:AZN) entered a strategic collaboration to develop a combination therapy for patients with EGFR-mutated, PD-L1 positive non-small cell lung cancer (NSCLC).