By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
South Korea's KOSPI Surges 68% in Best Quarter Since 1998, Led by AI Chip Giants
South Korea's KOSPI index surged 68% in its best quarter since 1998, driven by a massive rally in semiconductor stocks. Samsung Electronics
Heathrow Fee Cap and Slowing Grocery Sales Signal Weakening Pricing Power Across UK Economy
A proposed cap on Heathrow's per-passenger fee and slower sales growth at Sainsbury's and Tesco both point to the same theme: pricing power
Vocus Plans $500M Ducted Fiber Link to Ease AI Data Traffic Between Sydney and Melbourne
Vocus, backed by Macquarie, plans to invest about A$500 million in a new ducted fiber link between Sydney and Melbourne. The project aims to
Ralph Lauren's China Sales Surge 50% as Shoppers Seek Affordable Luxury
Ralph Lauren's China sales surged 50% last quarter as shoppers sought affordable luxury. The brand's strategy of upgrading stores and reduci
Ferrari and BMW Switch to Aluminum Wiring as Copper Costs Bite
Ferrari and BMW are swapping copper for aluminum wiring in new cars as copper prices stay high and electric vehicle weight goals push engine
AI Chip Rally Drives Emerging Asia to Best Quarter Since 2009
MSCI's emerging-markets Asia index is on track for its best quarter since 2009, fueled by AI-chip heavyweights in Taiwan and South Korea. TS
RBC Cuts Heidelberg Materials Price Target on Currency Headwinds Ahead of Q2 Results
RBC Capital Markets trimmed its forecasts for Heidelberg Materials, cutting its price target to 217 euros from 221 euros. The bank warns tha
Gold Heads for Worst Month Since 2008 as Rate Hike Bets and Strong Dollar Bite
Gold is suffering its steepest monthly decline since the 2008 financial crisis. Traders now expect three more Federal Reserve rate hikes thi
Canal+ Interim Results: MultiChoice Uncertainty Clouds July 28th Report
Canal+ reports interim results on July 28th, but the key question for investors is whether MultiChoice's South African business is stabilizi
China AI and Chip Stocks Rally as Factory Activity Returns to Growth in June
China's mainland shares climbed Tuesday, driven by AI and chip stocks, after June factory data showed activity returned to expansion. Hong K
Anthropic Relaunches Mythos 5 for Select Firms; Comcast to Spin Off NBCUniversal
Anthropic's Mythos 5 AI model is back online for a select group of companies and agencies after a government-ordered shutdown. Meanwhile, Co
Yuan Holds Near 6.79 as Exporters Convert Dollars and PBOC Fix Signals Support
China's yuan held near 6.79 per dollar as exporters converted dollar receipts into yuan, adding supply to the onshore market. A strong PBOC