Australian ETF market hits $372B
The Australian exchange-traded fund market reached a total value of $61.6 billion in the sector over the financial year.
The Australian exchange-traded fund market reached a total value of $61.6 billion in the sector over the financial year.
Volkswagen plans to cut its sprawling model lineup by as much as 50% as part of a savings push. It comes after a supervisory board meeting stopped short of agreeing on deeper workforce reductions at the German automaker. Bloomberg's Elisabeth Behrmann reports.
More than half of surveyed investors bought STRC or SATA after the preferred shares fell below their US$100 par value during June.
New Hampshire has rejected a proposal to launch what could have been the first state-backed Bitcoin (CRYPTO:BTC) bond.
Polymarket has filed three applications with the National Futures Association to support margin trading in the United States.
SK Hynix raised $26.5 billion in its American depositary receipt offering, the largest ever US first-time share sale by a foreign company. The South Korean memory chipmaker's US offering gives the company a powerful fundraising channel, tapping investors looking for more ways to play the artificial intelligence infrastructure trade. Bloomberg's Denny Thomas reports from Seoul.
On Tuesday, the semiconductor-heavy Kospi Index in South Korea dropped 10% from all-time highs. At the same time, investors rotated to the Hang Seng China Enterprises Index which climbed more than 4% in a single day, its biggest advance since April 2025. Opening Trade guests discuss whether this signals an impending bear market, with rising inflation, tariff pass-through effects, and the possibility of central bank interest-rate hikes all adding to market risks.
Bitwise said decentralised finance tokens outperformed Bitcoin (CRYPTO:BTC) during June, suggesting investors may be reassessing the DeFi sector.
Zcash (CRYPTO:ZEC) will launch its Ironwood network upgrade on July 28 to replace the compromised Orchard private transaction pool.
Hackers compromised a software package used by developers building on Injective (CRYPTO:INJ), exposing users to malware that could steal crypto wallet private keys and seed phrases.
Norwegian striker Erling Haaland has become a viral sensation in mainland China. Memes featuring the Norwegian football star have spread across Chinese social media with companies also seeking to capitalize on his fame. Bloomberg China Correspondent Minmin Low explains.
Wei Junqing, CEO at Chinese autonomous freight technology firm KargoBot, says he expects the company to be profitable in around two and a half years. He speaks exclusively on "Bloomberg: The China Show."