By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Ligent's Hong Kong IPO Surges 19% on AI Data Center Demand
Ligent Technologies' Hong Kong IPO raised HK$5.67 billion, and shares rose as much as 19.2% on their first day. The fiber-optic equipment ma
New Zealand stocks rise as Wall Street rally lifts regional sentiment
New Zealand's benchmark index edged higher, tracking a strong US session. Meanwhile, the Electricity Authority cautioned distributors about
Yen slips toward 157.47 as US-Japan rate gap keeps carry trades alive
The yen slipped toward 157.47 per dollar as investors kept betting on a wide US-Japan rate gap. A reported Japanese 'rate check' put interve
LVMH price targets cut twice as Danone raises €1.5B in bonds
LVMH drew two price-target cuts from RBC and Jefferies, signaling caution on luxury demand. Meanwhile, Danone raised €1.5 billion in bonds a
Asia's AI stocks rebound as South Korea and Taiwan lead the charge
Asian tech stocks bounced back on Tuesday, with South Korea's KOSPI and Taiwan's Taiex leading gains. Investors looked past last week's sell
Meta's Muse revives AI trade, lifting chip stocks and Nasdaq
Meta's new Muse assistant is seeing strong early demand, reigniting the AI trade and lifting chip stocks. The Nasdaq hit a record high, with
Diesel prices keep climbing as SoftBank piles on debt for AI push
Diesel prices keep climbing as supply tightens, adding pressure on consumers and businesses. Meanwhile, SoftBank is borrowing more to fund i
Ramelius Faces Softer Near-Term Gold Output, Broker Sees Stronger 2029-30
Broker Euroz Hartleys says Ramelius Resources faces softer gold output in fiscal 2027-28, with guidance below analyst consensus. But an expa
Hong Kong Stocks Rise as AI-Fueled Nasdaq Record and Softer Oil Lift Sentiment
Hong Kong stocks opened higher Tuesday after the Nasdaq set a record on AI enthusiasm and oil slipped into the low $90s. The move reflects h
Tivan Admits Heritage Agreement Breach at Speewah Project, to Pay AU$50,000
Tivan has admitted breaching a cultural heritage agreement during last year's exploration at its Speewah fluorite project in Western Austral
Carlyle eyes $400M IPO for Indian auto-parts firm Highway Roop
Private equity firm Carlyle is reportedly preparing an IPO for its Indian auto-parts platform Highway Roop Precision Technologies, targeting
Elemental Royalty to Buy Orion's Metals Portfolio for $290M
Elemental Royalty is paying $290 million for Orion Mine Finance's precious-metals streams and royalties portfolio, using $200 million in cas