Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
China Tech Stocks Plunge 7% as $8.6 Billion CXMT IPO Drains Market Liquidity
China's tech stocks tumbled on Friday as chipmaker CXMT's $8.6 billion IPO sucked cash from the market and an AI conference disappointed. Th
Sterling Gains as Centrist Finance Minister Pick Calms UK Fiscal Fears
Sterling is set for a third weekly gain after reports that incoming PM Andy Burnham may choose centrist Shabana Mahmood as finance minister.
Asia Stocks Slide as Taiwan Leads AI Trade Repricing; TSMC Drops 7% Despite Record Profit
Asian markets pulled back sharply, led by Taiwan's 6% slide, as investors repriced the AI trade. TSMC fell over 7% despite reporting record
Hong Kong Stocks Slide 1.8% as AI and Chip Sell-Off Accelerates
Hong Kong stocks dropped Friday, with the Hang Seng falling 1.8% as investors pulled back from AI and chip shares. Higher oil prices and new
South Korea's AI Stock Boom Triggers Record Circuit Breakers on KOSPI
More than half of all KOSPI circuit-breaker triggers occurred in the past six months, driven by leveraged single-stock ETFs on Samsung and S
Kazakhstan's Copper Output Dips 4.5% in First Half Despite June Rebound
Kazakhstan's refined copper output dropped 4.5% in January–June compared to last year, even as June production rebounded 6.5% from May. The
Gold Slides as Oil Surge Rekindles Fed Rate Hike Bets
Oil surged about 12% this week as US-Iran tensions escalated, reigniting bets on a Federal Reserve rate hike in December. That shift is weig
China Stocks Tumble as $8.6 Billion CXMT IPO Raises Liquidity Fears
China's onshore stocks slid sharply as traders braced for a giant new listing. The Shanghai Composite fell nearly 3.1% and the tech-heavy SS
Japan Urges Households and GPIF to Invest More at Home as Rates Turn Positive
Japan's Prime Minister Sanae Takaichi told parliament on July 17th that the government wants more domestic investment from households and th
European Stocks Slip as Tech Sell-Off Deepens on Chip Valuations and Middle East Worries
European stocks fell again as tech shares led the decline, with the STOXX Europe 600 Technology Index dropping 2.3%. Investors rotated out o
S&P Warns Asia-Pacific Industrials Face Tougher Year as Demand Slows, Costs Rise
S&P Global Ratings expects weaker demand and higher input costs to pressure credit metrics for Asia-Pacific industrials over the next 12 mon
Japan's Ruling Party Targets Activist-PE Deal Ties With New Governance Rules
Japan's Liberal Democratic Party is drafting rules to tighten shareholder proposals and appraisal rights, targeting activist-PE collusion in