By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Lenovo's AI revenue surges 43% but derivatives loss drives $609M quarterly deficit
Lenovo's AI-driven revenue surged 43% last quarter, but a $1.69 billion non-cash loss on warrant-linked derivatives dragged the PC and serve
Antofagasta's copper profits rise, but 2026 output forecast cut
Antofagasta's first-half profits and dividend jumped on strong copper prices, but heavy rains forced a shutdown and lowered its 2026 product
ASX 200 slips as US inflation keeps Fed on hold; Cleanaway jumps 14% on EQT bid
The ASX 200 dipped 0.23% as US inflation came in as expected, reinforcing expectations that the Fed will hold rates steady. Meanwhile, Clean
Northern Star rejects Elliott's board demands as activist pushes review
Northern Star Resources is resisting activist investor Elliott's demand to seat at least three of its six proposed board nominees. The gold
Muthoot FinCorp files for $30B rupee IPO to fund gold-loan growth
Muthoot FinCorp has filed for an IPO to raise 30 billion rupees, joining a busy pipeline of Indian listings. The fresh issue will strengthen
DP World's H1 profit holds at $585M despite Jebel Ali slowdown
DP World's first-half profit reached $585 million on $12.72 billion in revenue, despite conflict-related disruption reducing vessel traffic
Copper slips as firmer dollar offsets falling LME stockpiles
Copper edged lower as the US dollar strengthened, offsetting support from falling LME stockpiles. Mild US inflation data kept Fed rate expec
Yuan hits 3-1/2-year high as US inflation cools dollar
China's yuan climbed to its strongest level in 3-1/2 years as cooling US inflation pressured the dollar. The PBOC set a weaker-than-expected
Transurban lifts payout target to AU$0.72 despite softer growth outlook
Transurban has lifted its payout target to AU$0.72 per share for fiscal 2027, even as analysts at Jefferies flag softer-than-expected revenu
Sembcorp's first-half profit drops 25% but sees stronger second half
Sembcorp Industries reported a 25% drop in first-half underlying profit to S$369 million. The Temasek-backed utility expects a stronger seco
Japan's Topix hits record high as chip stocks rally on US AI optimism
Japan's Topix index hit a record high on Thursday, led by a surge in chip-related stocks. Advantest rose 5.35% and Kioxia jumped 10.01% afte
KOSPI hits 3-week high as chipmakers rally on US AI strength
South Korean stocks rallied Thursday, with the KOSPI up 3.7% to a three-week high. Chipmakers SK Hynix and Samsung Electronics led gains, tr