By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
SBI Funds Management Preps $1.2B IPO with ADIA, GIC as Anchor Investors
SBI Funds Management, India's biggest asset manager, is set to launch a $1.2 billion IPO next week. Abu Dhabi's ADIA and Singapore's GIC are
SpaceX Joins Nasdaq-100 Just 15 Days After IPO, Triggering $4.3 Billion in Index Fund Buying
SpaceX will join the Nasdaq-100 on Tuesday, only 15 days after its June 12 IPO. Index funds tracking the benchmark must buy shares, potentia
Suncorp Technologies Delays Share Consolidation, Pushing Key Dates to Mid-Year
Suncorp Technologies is postponing its planned 5-for-1 share consolidation, shifting key milestones like shareholder votes and the first day
Sumitomo Mitsui Trust Invests $500M in Morrison for Global Infrastructure Push
Sumitomo Mitsui Trust Bank is acquiring a 15% stake in infrastructure investor Morrison, committing $500 million. The deal aims to boost Jap
South Korea's KOSPI Triggers Circuit Breakers as AI Chip Optimism Falters
South Korea's KOSPI index fell 4.9% on Tuesday, triggering circuit breakers after chip giants Samsung and SK Hynix plunged. The sell-off ref
Young's Pub Sales Rise 5.5% as Summer Weather and World Cup Boost Revenue
Young & Co's like-for-like sales rose 5.5% in the first 14 weeks of its fiscal year, helped by sunny weather, World Cup matchdays, and longe
ASX 200 Dips as Strait of Hormuz Tensions Push Oil Near $72
The ASX 200 closed down 0.31% as oil prices rose on reports of shipping attacks in the Strait of Hormuz. Meanwhile, RBA payments data showed
Samsung's AI Trade Reality Check Sends Asian Stocks Tumbling
South Korea's market triggered circuit breakers after Samsung slid 9.8%, as its record profit failed to satisfy the high expectations of the
Nick Scali Faces Rising Freight Costs as Shipping Rates Surge Over 40%
Investment bank Jefferies reports that spot shipping rates from China to Australia and New Zealand have surged over 40% year over year. This
Torque Metals Plans 70,000-Meter Drill Push to Reach 1 Million Ounces at Paris Gold Project
Torque Metals has announced a major drilling campaign at its Paris gold project in Australia, aiming to boost the resource to 1 million ounc
Pantoro's Cash Flow Holds Steady Despite Guidance Cut, Analyst Sees Takeover Potential
Pantoro shares have fallen about 50% this year, but Euroz Hartleys says the gold miner can still generate AU$30-40 million in quarterly cash
China Stocks Slide as Property Shares Drag Markets Ahead of Fed, Data Cues
Chinese and Hong Kong stocks dipped as property shares fell 3.1%, dragging broader markets. Investors are waiting for Fed minutes and China'