By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Oil Surge and Weaker Rand Set the Tone for African Markets
Oil prices are climbing after fresh US strikes against Iran, pushing South Africa's rand to a one-week low. Investors are watching the rippl
Thailand Approves $2B in High-Tech Projects to Boost AI and Green Energy
Thailand's Board of Investment has greenlit nine projects totaling $2 billion, spanning AI data centers, advanced electronics, and wind powe
Gulf Q2 Earnings to Reveal Full Cost of Iran Conflict and Hormuz Disruption
Gulf companies begin reporting second-quarter earnings this week, offering the first full picture of how the Iran war and Strait of Hormuz d
Xiaomi Unveils Sky Nomad EREV SUV as It Prepares European EV Launch
Xiaomi has launched the Sky Nomad, an extended-range electric SUV aimed at families, as it prepares to enter the European market next year.
ResMed Sells Software Units at Loss, Boosts Buyback to Refocus on Core Sleep Business
ResMed is selling its MatrixCare and HealthCare First software units for $490 million, well below the $876 million it paid. The sleep apnea
Rupee Hits One-Month Low as Oil Surge and Fed Rate Worries Converge
The rupee slid 0.6% to a one-month low as rising oil prices from US-Iran strikes and higher US rate expectations squeezed India's currency.
Valor Prices Share Offering at 3,152 Yen, Eyes 16.2 Billion Yen for Capex
Valor priced its new share offering at 3,152 yen per share, expecting up to 16.2 billion yen in net proceeds. The funds are earmarked for ca
Cobre Raises AU$90 Million in Discounted Share Placement, Stock Drops 12%
Cobre raised AU$90 million by selling new shares at AU$0.30 each, an 8.6% discount to its recent average price. The stock fell about 12% on
Iron Ore Prices Stay Flat as BHP Strike Threat at Port Hedland Offsets Weak China Demand
Iron ore prices barely moved as traders balanced the risk of a BHP strike at Port Hedland against signs of weaker steel demand in China. Fut
Viridis Boosts Brazil Rare Earth Resource to 473M Tonnes, Eyes 2026 FID
Viridis Mining and Minerals has increased the resource estimate for its Colossus rare earths project in Brazil to 473 million tonnes. The up
KOSPI Jumps 2.5% as Samsung and SK Hynix Lead Tech Rally, Won Weakens
South Korea's KOSPI rebounded more than 2.5% on Thursday, led by Samsung Electronics and SK Hynix after US chip stocks rallied overnight. Th
China's Top Memory Chipmaker CXMT Files for $4.34 Billion Shanghai IPO
Changxin Memory Technologies (CXMT), China's leading memory chipmaker, is set to raise 29.5 billion yuan ($4.34 billion) in a Shanghai IPO.