By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Korea's KOSPI Drops 3% as Chip Stocks Face Valuation Doubts Despite SK Hynix's $29B Nasdaq Plan
South Korea's benchmark KOSPI index slid nearly 3% as chip heavyweight SK Hynix fell 5%, despite reports it plans a $29 billion Nasdaq ADR l
Palm Oil Bounces Back as Rival Edible Oils Firm, Ringgit Weakens
Malaysian palm oil futures bounced back over 1% on Monday, helped by a weaker ringgit and rising rival edible oil prices. Traders are watchi
Topix Extends Winning Streak as Oil Drop Lifts Japan's Industrials
Japan's Topix index rose for a sixth straight day as cooling oil prices supported industrials and transportation stocks. The tech-heavy Nikk
Genesis Minerals Tops Regis with A$5.6B Bid for Vault, Creating A$12.6B Gold Giant
Genesis Minerals has made a A$5.6 billion bid for Vault Minerals, topping Regis Resources' earlier offer. The deal could create a A$12.6 bil
China State Ore Buyer Tightens Grip on Fortescue as Price Talks Stall
China's state-backed iron ore buyer is tightening pressure on Fortescue by discouraging fresh US dollar purchases of its Super Special Fines
Hong Kong IPO Lock-Up Expiry Could Unleash $274 Billion in Shares
A wave of lock-up expiries on recent Hong Kong IPOs could release a record $274 billion in shares over the next 12 months. The Hang Seng Ind
SK Hynix Targets $28 Billion Nasdaq Listing with ADR Sale
SK Hynix is launching a Nasdaq listing via American depositary receipts, aiming to raise fresh capital as AI demand keeps memory chips in th
Genesis Minerals Launches AU$5.6B Bid for Vault, Topping Regis Deal
Genesis Minerals has made a binding AU$5.6 billion takeover offer for Vault Minerals, topping Vault's current agreement with Regis Resources
New Zealand Pours NZ$50M into West Coast Mineral Processing Plants
New Zealand is funding two mineral-processing plants on the South Island's West Coast with up to NZ$50 million. The goal is to boost exports
Foxconn's AI Server Sales Drive 39.8% Revenue Surge in Q2, Beating Estimates
Foxconn's April–June revenue rose 39.8% to T$2.513 trillion, beating analyst estimates, as AI server demand remained robust. The company war
Uber Scales Back European Eats Expansion, Focuses on Profitable Markets
Uber has paused most of its Uber Eats expansion in Europe, canceling five of seven planned launches. The move comes despite earlier forecast
Softer US Jobs Data Lifts TSX to Two-Week High as Gold and Copper Surge
Canada's TSX climbed 0.9% Friday to a two-week high after softer US jobs data eased fears of further Fed rate hikes. Gold and copper prices