Section
Markets
Indonesia rupiah slide tests credibility after 8% drop
Indonesia rupiah weakness has put officials' credibility on trial after an 8 per cent drop, a 39 per cent stock slide and fresh inflow pledges.
SpaceX IPO S&P 500 delay shifts $14bn flow trade
SpaceX IPO demand loses a near-term S&P 500 catalyst after S&P Dow Jones kept its 12-month seasoning rule, shifting the $14bn flow trade.
Mortgage hedging returns as 10-year yield tests 4.69%
Mortgage hedging is back in the Treasury market as higher yields extend MBS duration and risk amplifying the bond selloff.
EchoStar stock becomes SpaceX IPO proxy after 60K options
EchoStar stock is turning into the SpaceX IPO proxy trade, with 60,000 options contracts and a nearly $50 million premium burst.
Indonesia stocks hit five-year low as rupiah sets record
Indonesia stocks fell 5.2% and the rupiah hit a record low as oil-driven inflation pressure forced a harder EM rates trade.
China AI trade drains Hong Kong stocks’ flow lifeline
Hong Kong stocks are losing mainland capital as China’s AI trade pulls investors onshore and policy narrows offshore routes.
Yuan basket hits 2022 high as Asia haven flows build
Yuan basket strength is turning into an Asia haven trade as Iran-war risk reshapes flows and PBOC fixings signal comfort.
South Korea stock market tops India as chip rally hits $5tn
South Korea stock market value reached $5.01 trillion as chip heavyweights lifted Korea past India in the global equity rankings.
Korea's 100% stock rally is now testing the dotcom analogy
Korean stocks have doubled in 2026, but the Kospi's AI-fuelled surge now hinges on two chip names, labour tensions and a fragile memory cycle.
The ECB thinks markets are too calm for the risks ahead
ECB repricing warning points to stretched asset prices, rising bond risk and an Iran-war shock that markets may still be treating as manageable.
Memory chip rally puts SK Hynix, Micron in $1tn club
Memory chip rally sent SK Hynix and Micron above $1 trillion as AI demand made HBM supply look more like infrastructure scarcity than a commodity cycle.
Euronext data fees face pushback before October reset
Euronext data fees face a possible revision after banks and trading venues challenged October price changes tied to EU market-data rules.
ASX shares near decade low as cost blowout resets value
ASX shares near a decade low after cost guidance and broker downgrades turned its technology rebuild into a valuation test.
Robinhood opens stock-trading rails to outside AI agents
Robinhood will let outside AI agents place equity orders now, with card purchases and crypto execution set to follow.
Treasury yields test Bessent as 10-year nears 4.7%
Treasury yields near 4.7 per cent are turning Scott Bessent's bond problem into a growth test for mortgages, credit and credibility.
Yen carry trade risk rises as Stephen Jen sees rebound
Yen carry trade risk is rising as Stephen Jen, BofA and Japan's ¥11.73 trillion intervention point toward a stronger currency.
Taiwan overtakes India as fifth-largest stock market
Taiwan stock market value climbed to US$4.95 trillion on Monday, overtaking India as TSMC's AI-driven rally kept drawing global investor flows.
Italian stocks hit 26-year record as energy, chips lead
Italian stocks hit a 26-year record as STMicroelectronics, Eni and Saipem extended a rally that has lifted Milan's FTSE MIB 11% in 2026.
AI momentum stocks hit record run as global trade narrows
AI momentum stocks are on a record run, beating world benchmarks by 17 points as investors crowd into chip leaders and brace for an IPO wave.
Japanese retail traders hit 25% as AI rally feeds dark pools
Japan AI rally is pushing retail traders into dark pools as their share of stock turnover hits 25 per cent, complicating Tokyo price discovery.
China broker crackdown wipes $1.7bn from Futu founder
China's broker crackdown erased $1.7 billion from Futu founder Leaf Li and turned mainland offshore accounts into a sell-only runoff.
Politics is back to breaking emerging-market rallies
Emerging markets political risk is hitting currencies, bonds and equities together, forcing investors to reprice carry trades.
SpaceX's IPO may redraw index-fund flows sooner than Wall Street expects
SpaceX IPO rules could push ETF and retirement money into the stock within days of listing, before price discovery and governance concerns settle.
SpaceX's retail IPO experiment puts brokers in the hot seat
SpaceX IPO retail access through Robinhood, Fidelity and Schwab widens the queue, but it also pushes allocation risk and volatility into broker apps.
Oil demand destruction is turning into a shipping trade
Oil demand destruction is capping crude upside, but longer rerouted voyages are still lifting tanker and dry bulk shipping earnings.
