By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Japan Pushes GPIF to Invest More at Home, Yen and Bonds React
Japan's government wants the GPIF, the world's largest pension fund with 293.4 trillion yen, to shift more money into domestic assets. The y
Rupee Steadies as Brent Crude Drops 2%, Offering Relief to India's Oil-Dependent Economy
India's rupee looked set to open slightly stronger after Brent crude fell about 2%, providing a breather for the oil-importing economy. The
Japan's Nikkei Surges as AI Chip Stocks Rally and Yen Strengthens on Pension Fund Shift
Japan's Nikkei climbed on a chip-led rally, with Micron's $250 billion US investment plan sparking gains. Comments about steering pension fu
South Korea Warns Won's Slide Misaligned with Fundamentals, Launches 24-Hour Trading
South Korea's deputy finance minister says the won's slide is out of step with the country's strong exports and dollar reserves. The governm
Kiwi Hits Three-Week High as Traders Bet on More RBNZ Rate Hikes
The kiwi hit a three-week high near $0.5778 as traders price in a 73% chance of a follow-up rate hike from the Reserve Bank of New Zealand i
Asia Chip Stocks Rally as SK Hynix’s $26.5B US Debut Overshadows Oil Price Jump
Asian chip and AI stocks climbed Friday as SK Hynix’s $26.5 billion US debut captured market focus. The rally held despite Brent crude risin
Uniqlo Owner Fast Retailing Slips Despite Raising Profit Forecast to Record ¥730 Billion
Fast Retailing lifted its profit guidance to ¥730 billion, a record high, but warned that a weak yen could weigh on its Japan business in th
ASX Flat as Bank and Healthcare Losses Offset Mining Gains Amid Hormuz Reopening
Australian shares barely moved as mixed sector performance kept the market flat. Banks and healthcare dragged, while miners and tech offered
Chinese AI Startup MiniMax Raises HK$16 Billion in Hong Kong Share and Bond Deal
Chinese AI startup MiniMax is raising HK$16.04 billion through a share placement and convertible bonds in Hong Kong. The funds will fuel R&D
Australian Stocks Poised for Modest Gains as Global Markets Rally on Easing Oil
Australian stocks are expected to open higher after global markets rallied on easing oil prices and a gold rebound. The S&P 500 and Nasdaq b
CCC Intelligent Solutions Explores Sale After 44% Stock Drop, Hires Morgan Stanley
CCC Intelligent Solutions, a provider of AI software for auto insurance claims, is exploring a sale after its shares fell 44% over the past
FuboTV Taps Disney+ President Alisa Bowen as CEO, Replacing Founder David Gandler
FuboTV is replacing its founding CEO with Disney+ president Alisa Bowen, effective July 10. The move marks a full leadership reset, with co-