Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
KOSPI Surges 5.4% in Second Straight Gain as Chip Stocks Lead Rebound
The KOSPI rallied 5.4% on Thursday, extending a rebound from a near-10% rout earlier in the week. Samsung Electronics and SK Hynix powered t
China's Top Retailers Push Store Brands to 20% of Fast-Moving Inventory, S&P Says
S&P Global Ratings expects private-label goods to hit 20% of top chains' fast-moving inventory within eight years. Store brands averaged 16%
GIC Re Targets 40% Overseas Share by Shifting Away from Catastrophe Risk
GIC Re is reshaping its overseas business, aiming to increase international exposure from 25% to 40% over 3-5 years. The shift away from pro
Tokyo Stock Exchange Plans Major Upgrade to Handle Surging Trading Volumes
The Tokyo Stock Exchange is upgrading its Arrowhead trading system to handle up to 1.5 billion trades daily. The move aims to reduce operati
New Zealand Stocks Edge Higher as Brent Crude Slips to $72 and Mortgage Lending Rises
New Zealand stocks rose as Brent crude slipped to $72 a barrel, potentially easing inflation pressures. Meanwhile, new mortgage lending clim
PBOC Adds Overnight Reverse Repos to Steady Short-Term Funding Rates
The People's Bank of China is introducing overnight reverse repos to smooth short-term funding rates. The new tool, expected to operate at a
African Markets Navigate Oil Slide, Weaker Rand, and Mixed Credit Signals
Oil slipped as supply worries eased, while South Africa's rand weakened and Africa headlines ranged from Gabon's Moody's outlook cut to Ivor
Aluminum Prices Slide 8% in Week as Middle East Risk Premium Fades
Aluminum prices dropped 2.75% on the Shanghai Futures Exchange and are down 8% for the week as geopolitical risk premiums unwind. Traders ar
Chinese AI Giant Zhipu Soars 2,000% as Defense Stocks Diverge on Germany's Warship U-Turn
Zhipu's stock has surged 2,000% this year, but a looming lockup expiry on July 8th could trigger selling. Meanwhile, Germany's warship cance
Vedanta Returns to US Bond Market to Refinance Costly Debt with Cheaper Notes
Vedanta's finance arm is issuing new dollar bonds with coupons as low as 7.25% to repurchase older notes paying double-digit interest. The m
Yuan Hovers Near One-Month Low as Strong Dollar and Record Trading Volume Weigh
China's yuan is under pressure near a one-month low as the dollar strengthens on expectations of higher-for-longer US interest rates. Record
Shanxi Safety Checks Tighten Coking Coal Supply, Support Prices
Coking coal and coke futures on China's Dalian exchange ticked higher as safety inspections in Shanxi slowed miners' return to full output a